Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 91.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,885 shares of the company's stock after acquiring an additional 130,164 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.55% of Nu Skin Enterprises worth $2,004,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Nu Skin Enterprises by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company's stock valued at $89,751,000 after acquiring an additional 274,309 shares during the period. Pacer Advisors Inc. acquired a new stake in Nu Skin Enterprises in the 2nd quarter valued at about $25,230,000. Federated Hermes Inc. raised its position in Nu Skin Enterprises by 111.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company's stock valued at $13,950,000 after purchasing an additional 698,722 shares in the last quarter. Bank of New York Mellon Corp raised its position in Nu Skin Enterprises by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company's stock valued at $9,498,000 after purchasing an additional 43,935 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Nu Skin Enterprises by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 565,079 shares of the company's stock valued at $5,956,000 after purchasing an additional 98,243 shares in the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.
Nu Skin Enterprises Stock Down 1.5 %
Shares of NYSE NUS traded down $0.11 during midday trading on Tuesday, hitting $7.44. 708,858 shares of the company's stock were exchanged, compared to its average volume of 853,538. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. Nu Skin Enterprises, Inc. has a twelve month low of $5.95 and a twelve month high of $20.75. The company has a market cap of $369.84 million, a PE ratio of -3.65 and a beta of 1.14. The firm's fifty day simple moving average is $6.75 and its 200-day simple moving average is $9.48.
Nu Skin Enterprises Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, November 29th. Nu Skin Enterprises's dividend payout ratio (DPR) is presently -11.59%.
Analysts Set New Price Targets
NUS has been the topic of a number of analyst reports. DA Davidson reduced their price target on 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. Citigroup reduced their price target on Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.
View Our Latest Research Report on NUS
Nu Skin Enterprises Profile
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Free Report)
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.
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