State Street Corp Sells 732,107 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

State Street Corp lowered its position in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 37.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,677 shares of the company's stock after selling 732,107 shares during the period. State Street Corp owned about 2.51% of Nu Skin Enterprises worth $9,181,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in Nu Skin Enterprises during the second quarter worth $25,230,000. Federated Hermes Inc. raised its stake in shares of Nu Skin Enterprises by 111.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company's stock worth $13,950,000 after purchasing an additional 698,722 shares during the period. Millennium Management LLC raised its stake in shares of Nu Skin Enterprises by 100.5% during the 2nd quarter. Millennium Management LLC now owns 534,579 shares of the company's stock worth $5,634,000 after purchasing an additional 267,965 shares during the period. Walleye Capital LLC boosted its holdings in shares of Nu Skin Enterprises by 335.3% in the 3rd quarter. Walleye Capital LLC now owns 289,236 shares of the company's stock worth $2,132,000 after buying an additional 222,793 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Nu Skin Enterprises by 27.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 603,555 shares of the company's stock valued at $4,448,000 after buying an additional 130,980 shares during the period. 82.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NUS has been the topic of several research reports. StockNews.com raised shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. 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. Finally, DA Davidson reduced their price objective on Nu Skin Enterprises from $11.00 to $7.00 and set a "neutral" rating for the company in a report on Friday, December 20th.

Nu Skin Enterprises Stock Performance

Nu Skin Enterprises stock traded down $0.04 during midday trading on Friday, reaching $6.76. The stock had a trading volume of 666,528 shares, compared to its average volume of 839,732. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $336.05 million, a PE ratio of -3.27 and a beta of 1.20. Nu Skin Enterprises, Inc. has a 12 month low of $5.95 and a 12 month high of $20.75. The firm's 50-day moving average price is $7.02 and its 200 day moving average price is $8.56.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, November 29th. Nu Skin Enterprises's payout ratio is currently -11.59%.

Nu Skin Enterprises Company Profile

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.