Ajo LP Sells 399,272 Shares of Nu Skin Enterprises, Inc. (NUS)

Ajo LP reduced its position in Nu Skin Enterprises, Inc. (NYSE:NUS) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554,239 shares of the company’s stock after selling 399,272 shares during the quarter. Ajo LP owned 2.94% of Nu Skin Enterprises worth $97,668,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NUS. BlackRock Inc. raised its holdings in shares of Nu Skin Enterprises by 21,593.4% in the first quarter. BlackRock Inc. now owns 6,683,531 shares of the company’s stock valued at $371,201,000 after acquiring an additional 6,652,722 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Nu Skin Enterprises by 139.4% in the first quarter. Schroder Investment Management Group now owns 1,711,619 shares of the company’s stock valued at $94,687,000 after acquiring an additional 996,731 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Nu Skin Enterprises by 11.8% in the first quarter. Vanguard Group Inc. now owns 6,011,632 shares of the company’s stock valued at $333,887,000 after acquiring an additional 634,951 shares in the last quarter. State Street Corp raised its holdings in shares of Nu Skin Enterprises by 76.7% in the first quarter. State Street Corp now owns 1,416,873 shares of the company’s stock valued at $78,695,000 after acquiring an additional 614,817 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Nu Skin Enterprises by 91.5% in the first quarter. Bank of New York Mellon Corp now owns 724,762 shares of the company’s stock valued at $40,253,000 after acquiring an additional 346,236 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Nu Skin Enterprises, Inc. (NUS) opened at 62.365 on Tuesday. Nu Skin Enterprises, Inc. has a one year low of $46.35 and a one year high of $66.04. The firm has a 50-day moving average of $60.59 and a 200-day moving average of $57.53. The company has a market capitalization of $3.30 billion, a P/E ratio of 20.858 and a beta of 1.37.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, August 23rd. Nu Skin Enterprises’s payout ratio is presently 48.81%.

In other news, General Counsel D Matthew Dorny sold 8,250 shares of Nu Skin Enterprises 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 transaction, the general counsel now owns 46,730 shares in the company, valued at approximately $2,940,251.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel W. Campbell sold 4,607 shares of Nu Skin Enterprises stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $62.48, for a total value of $287,845.36. Following the completion of the transaction, the director now owns 63,753 shares of the company’s stock, valued at approximately $3,983,287.44. The disclosure for this sale can be found here. Insiders sold a total of 28,357 shares of company stock valued at $1,783,535 in the last quarter. Company insiders own 5.20% of the company’s stock.

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Several analysts recently weighed in on the company. TheStreet upgraded Nu Skin Enterprises from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. Stifel Nicolaus set a $50.00 price objective on Nu Skin Enterprises and gave the company a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Nu Skin Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. ValuEngine upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Pivotal Research restated a “buy” rating and issued a $80.00 price objective (up from $65.00) on shares of Nu Skin Enterprises in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Nu Skin Enterprises currently has a consensus rating of “Hold” and an average price target of $62.88.

About Nu Skin Enterprises

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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