Cubist Systematic Strategies LLC lowered its position in Nu Skin Enterprises, Inc. (NYSE:NUS) by 59.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,681 shares of the company’s stock after selling 5,434 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Nu Skin Enterprises were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Nu Skin Enterprises during the third quarter worth approximately $148,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Nu Skin Enterprises during the third quarter worth approximately $219,000. Shelton Capital Management purchased a new stake in shares of Nu Skin Enterprises during the second quarter worth approximately $232,000. Quantbot Technologies LP purchased a new stake in shares of Nu Skin Enterprises during the third quarter worth approximately $229,000. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Nu Skin Enterprises during the second quarter worth approximately $255,000. Institutional investors own 77.50% of the company’s stock.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Nu Skin Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Nu Skin Enterprises has a consensus rating of “Hold” and a consensus price target of $63.14.
Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Nu Skin Enterprises had a return on equity of 22.38% and a net margin of 6.97%. The business had revenue of $563.70 million during the quarter, compared to analysts’ expectations of $562.70 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. research analysts forecast that Nu Skin Enterprises, Inc. will post 3.23 EPS for the current fiscal year.
In other Nu Skin Enterprises news, President Ryan S. Napierski sold 11,667 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $63.84, for a total value of $744,821.28. Following the completion of the transaction, the president now owns 71,634 shares in the company, valued at $4,573,114.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Y. Chang sold 13,497 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $62.06, for a total value of $837,623.82. Following the completion of the transaction, the insider now owns 66,563 shares of the company’s stock, valued at approximately $4,130,899.78. The disclosure for this sale can be found here. Insiders sold 220,776 shares of company stock valued at $14,784,324 in the last quarter. 5.20% of the stock is currently owned by company insiders.
Nu Skin Enterprises Company Profile
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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