Marshall Wace LLP Sells 200,566 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Marshall Wace LLP trimmed its stake in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 55.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,477 shares of the company's stock after selling 200,566 shares during the quarter. Marshall Wace LLP owned 0.33% of Nu Skin Enterprises worth $1,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 274,309 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Nu Skin Enterprises during the second quarter valued at approximately $25,230,000. Federated Hermes Inc. increased its position in shares of Nu Skin Enterprises by 111.8% during the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company's stock valued at $13,950,000 after acquiring an additional 698,722 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Nu Skin Enterprises by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company's stock valued at $9,498,000 after acquiring an additional 43,935 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Nu Skin Enterprises by 36.5% in the 1st quarter. ProShare Advisors LLC now owns 597,614 shares of the company's stock valued at $8,265,000 after acquiring an additional 159,831 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on NUS shares. DA Davidson reduced their target price on Nu Skin Enterprises from $12.50 to $11.00 and set a "neutral" rating for the company in a report on Monday, August 12th. Citigroup reduced their price objective on Nu Skin Enterprises from $14.00 to $11.50 and set a "neutral" rating for the company in a research report on Friday, August 9th. Finally, StockNews.com upgraded Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Nu Skin Enterprises presently has a consensus rating of "Hold" and an average price target of $16.50.

Nu Skin Enterprises Price Performance

NUS traded up $0.02 during trading on Friday, hitting $6.35. 785,355 shares of the company traded hands, compared to its average volume of 853,638. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. The company has a market cap of $315.39 million, a PE ratio of -105.83 and a beta of 1.12. The stock's 50-day simple moving average is $8.69 and its two-hundred day simple moving average is $10.99. Nu Skin Enterprises, Inc. has a 1 year low of $6.24 and a 1 year high of $20.75.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The business had revenue of $439.10 million for the quarter, compared to analysts' expectations of $431.87 million. During the same period in the prior year, the firm earned $0.54 EPS. The company's revenue for the quarter was down 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises's payout ratio is -400.00%.

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.