Ballentine Partners LLC Invests $133,000 in Nu Skin Enterprises, Inc. (NYSE:NUS)

Ballentine Partners LLC acquired a new position in Nu Skin Enterprises, Inc. (NYSE:NUS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,056 shares of the company’s stock, valued at approximately $133,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its position in Nu Skin Enterprises by 72.6% during 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. Canada Pension Plan Investment Board bought a new position in Nu Skin Enterprises during the second quarter worth $47,000. Public Employees Retirement System of Ohio increased its position in Nu Skin Enterprises by 30.5% during the first quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock worth $54,000 after acquiring an additional 918 shares during the period. Covestor Ltd increased its position in Nu Skin Enterprises by 90.1% during the first quarter. Covestor Ltd now owns 4,353 shares of the company’s stock worth $60,000 after acquiring an additional 2,063 shares during the period. Finally, GAMMA Investing LLC increased its position in Nu Skin Enterprises by 167.4% during the second quarter. GAMMA Investing LLC now owns 5,734 shares of the company’s stock worth $60,000 after acquiring an additional 3,590 shares during the period. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Nu Skin Enterprises Trading Down 1.6 %

Shares of Nu Skin Enterprises stock opened at $6.25 on Thursday. The firm has a market capitalization of $310.63 million, a PE ratio of -2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33. The company’s fifty day moving average price is $7.35 and its two-hundred day moving average price is $10.20. Nu Skin Enterprises, Inc. has a 52-week low of $5.95 and a 52-week high of $20.75.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Nu Skin Enterprises had a negative net margin of 8.05% and a positive return on equity of 7.80%. The firm had revenue of $439.10 million for the quarter, compared to analyst estimates of $431.87 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, analysts expect that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, August 30th. Nu Skin Enterprises’s payout ratio is -8.05%.

Analysts Set New Price Targets

NUS has been the topic of a number of research reports. DA Davidson dropped their target price on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. StockNews.com lowered shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd.

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.