Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan decreased its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 19.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,170 shares of the company’s stock after selling 4,550 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Nu Skin Enterprises were worth $1,205,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in shares of Nu Skin Enterprises by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 74,166 shares of the company’s stock valued at $4,122,000 after buying an additional 9,693 shares during the period. ARP Americas LLC raised its stake in shares of Nu Skin Enterprises by 42.6% in the first quarter. ARP Americas LLC now owns 6,698 shares of the company’s stock valued at $372,000 after buying an additional 2,000 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Nu Skin Enterprises by 91.8% in the first quarter. Glen Harbor Capital Management LLC now owns 91,960 shares of the company’s stock valued at $5,108,000 after buying an additional 44,022 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Nu Skin Enterprises by 1.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,375 shares of the company’s stock valued at $132,000 after buying an additional 40 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Nu Skin Enterprises during the first quarter valued at $245,000. Institutional investors own 84.53% of the company’s stock.

Shares of Nu Skin Enterprises, Inc. (NYSE NUS) traded up 3.16% on Friday, hitting $55.48. The stock had a trading volume of 995,807 shares. The firm has a 50 day moving average price of $61.67 and a 200-day moving average price of $56.55. Nu Skin Enterprises, Inc. has a 52 week low of $46.35 and a 52 week high of $66.04. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 18.56 and a beta of 1.31.

Nu Skin Enterprises (NYSE:NUS) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.08. The company had revenue of $550.10 million for the quarter, compared to analyst estimates of $548.09 million. Nu Skin Enterprises had a return on equity of 24.14% and a net margin of 7.53%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Analysts anticipate that Nu Skin Enterprises, Inc. will post $3.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Wednesday, August 23rd. Nu Skin Enterprises’s dividend payout ratio is currently 48.81%.

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Several equities research analysts have weighed in on the company. TheStreet raised Nu Skin Enterprises from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus set a $50.00 target price on Nu Skin Enterprises and gave the stock a “sell” rating in a research report on Thursday, August 3rd. BidaskClub lowered Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised Nu Skin Enterprises from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, July 12th. Finally, Bank of America Corporation increased their target price on Nu Skin Enterprises from $53.00 to $57.00 and gave the stock an “underperform” rating in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $62.88.

In related news, General Counsel D Matthew Dorny sold 8,250 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $62.92, for a total value of $519,090.00. Following the completion of the sale, the general counsel now owns 46,730 shares in the company, valued at $2,940,251.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan S. Napierski sold 8,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $65.00, for a total value of $520,000.00. Following the completion of the sale, the president now owns 68,170 shares of the company’s stock, valued at approximately $4,431,050. The disclosure for this sale can be found here. In the last three months, insiders sold 31,750 shares of company stock worth $1,946,810. Insiders own 5.20% of the company’s stock.

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.

Institutional Ownership by Quarter for Nu Skin Enterprises (NYSE:NUS)

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