Schwab Charles Investment Management Inc. Grows Holdings in Nautilus, Inc. (NLS)

Schwab Charles Investment Management Inc. boosted its position in shares of Nautilus, Inc. (NYSE:NLS) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,831 shares of the specialty retailer’s stock after purchasing an additional 20,517 shares during the period. Schwab Charles Investment Management Inc. owned about 0.49% of Nautilus worth $2,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Nautilus in the 3rd quarter valued at about $134,000. Jane Street Group LLC bought a new position in shares of Nautilus in the 3rd quarter valued at about $173,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of Nautilus by 58.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock valued at $195,000 after acquiring an additional 4,260 shares in the last quarter. Granite Point Capital Management L.P. bought a new position in shares of Nautilus in the 3rd quarter valued at about $220,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Nautilus in the 3rd quarter valued at about $232,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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NLS stock opened at $12.30 on Friday. Nautilus, Inc. has a 1-year low of $11.30 and a 1-year high of $19.80. The company has a current ratio of 1.94, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $382.30, a PE ratio of 14.15, a P/E/G ratio of 1.24 and a beta of 1.61.

Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, March 5th. The specialty retailer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Nautilus had a return on equity of 15.93% and a net margin of 6.47%. The business had revenue of $127.80 million for the quarter, compared to the consensus estimate of $128.64 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. analysts forecast that Nautilus, Inc. will post 1 EPS for the current fiscal year.

Nautilus announced that its Board of Directors has initiated a stock buyback program on Monday, March 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several brokerages have recently weighed in on NLS. Zacks Investment Research cut Nautilus from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. ValuEngine cut Nautilus from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Lake Street Capital reiterated a “hold” rating and set a $14.00 price target (down previously from $15.00) on shares of Nautilus in a report on Tuesday, March 6th. B. Riley reduced their price target on Nautilus from $19.75 to $16.75 and set a “buy” rating for the company in a report on Tuesday, March 6th. Finally, Imperial Capital reiterated an “in-line” rating and set a $12.00 price target (down previously from $14.00) on shares of Nautilus in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.68.

In related news, CEO Bruce M. Cazenave sold 5,350 shares of Nautilus stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $12.97, for a total transaction of $69,389.50. Following the completion of the transaction, the chief executive officer now owns 381,396 shares in the company, valued at $4,946,706.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 2,335 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $13.00, for a total transaction of $30,355.00. Following the sale, the vice president now owns 3,432 shares of the company’s stock, valued at $44,616. The disclosure for this sale can be found here. Insiders have sold 29,085 shares of company stock valued at $363,393 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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About Nautilus

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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