Lazard Asset Management LLC Buys 154,814 Shares of Nu Skin Enterprises, Inc. $NUS

Lazard Asset Management LLC boosted its stake in Nu Skin Enterprises, Inc. (NYSE:NUS) by 88.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,647 shares of the company’s stock after buying an additional 154,814 shares during the quarter. Lazard Asset Management LLC’s holdings in Nu Skin Enterprises were worth $2,407,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Nu Skin Enterprises by 107.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,048 shares of the company’s stock valued at $40,000 after acquiring an additional 2,614 shares during the period. Wexford Capital LP bought a new position in shares of Nu Skin Enterprises during the third quarter valued at $40,000. Banque Cantonale Vaudoise acquired a new stake in shares of Nu Skin Enterprises in the 3rd quarter valued at $57,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Nu Skin Enterprises by 271.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,770 shares of the company’s stock valued at $65,000 after purchasing an additional 4,947 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of Nu Skin Enterprises in the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Stock Down 0.2%

NYSE NUS opened at $5.18 on Monday. The stock’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $7.19. Nu Skin Enterprises, Inc. has a one year low of $4.89 and a one year high of $14.62. The firm has a market cap of $251.54 million, a PE ratio of 4.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.03 and a quick ratio of 1.34.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $320.61 million during the quarter, compared to the consensus estimate of $329.70 million. Nu Skin Enterprises had a net margin of 3.78% and a return on equity of 7.47%. As a group, sell-side analysts forecast that Nu Skin Enterprises, Inc. will post 1 earnings per share for the current fiscal year.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, May 29th. Nu Skin Enterprises’s payout ratio is currently 21.82%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NUS shares. Weiss Ratings cut shares of Nu Skin Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Nu Skin Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc is a Utah-based direct selling company that develops and distributes personal care products and dietary supplements. Operating through a network marketing model, Nu Skin offers a portfolio of wellness, anti-aging skin care, hair care and nutritional products designed to support healthy living and appearance. The company leverages independent distributors to market its offerings directly to consumers across multiple channels, including online platforms and localized events.

Founded in 1984 by Blake M.