Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Sold by State Street Corp

State Street Corp lowered its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 37.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,245,677 shares of the company’s stock after selling 732,107 shares during the quarter. State Street Corp’s holdings in Nu Skin Enterprises were worth $9,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in Nu Skin Enterprises by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 19,262 shares of the company’s stock valued at $203,000 after purchasing an additional 1,096 shares in the last quarter. Signaturefd LLC grew its position in Nu Skin Enterprises by 72.6% in the second quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock worth $40,000 after acquiring an additional 1,597 shares during the period. Ensign Peak Advisors Inc grew its holdings in shares of Nu Skin Enterprises by 9.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 19,976 shares of the company’s stock worth $211,000 after purchasing an additional 1,650 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Nu Skin Enterprises by 16.7% in the 2nd quarter. Inspire Advisors LLC now owns 14,325 shares of the company’s stock worth $151,000 after acquiring an additional 2,048 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Nu Skin Enterprises by 37.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,658 shares of the company’s stock worth $154,000 after buying an additional 3,962 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Trading Up 2.1 %

NYSE:NUS opened at $6.80 on Friday. The company has a market capitalization of $338.03 million, a PE ratio of -3.29 and a beta of 1.20. Nu Skin Enterprises, Inc. has a 52-week low of $5.95 and a 52-week high of $20.75. The stock has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $8.57. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Friday, November 29th. Nu Skin Enterprises’s payout ratio is -11.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NUS. StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Citigroup lowered their price target on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, DA Davidson cut their price objective on shares of Nu Skin Enterprises from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday, December 20th.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.