Eqis Capital Management Inc. Takes Position in USANA Health Sciences, Inc. (USNA)

Eqis Capital Management Inc. acquired a new stake in shares of USANA Health Sciences, Inc. (NYSE:USNA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,270 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently bought and sold shares of USNA. Victory Capital Management Inc. increased its stake in USANA Health Sciences by 124.7% in the first quarter. Victory Capital Management Inc. now owns 2,117 shares of the company’s stock valued at $122,000 after buying an additional 1,175 shares in the last quarter. Creative Planning increased its stake in USANA Health Sciences by 528.0% in the second quarter. Creative Planning now owns 2,512 shares of the company’s stock valued at $161,000 after buying an additional 2,112 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in USANA Health Sciences during the first quarter valued at approximately $207,000. KCG Holdings Inc. bought a new stake in USANA Health Sciences during the first quarter valued at approximately $248,000. Finally, Highbridge Capital Management LLC bought a new stake in USANA Health Sciences during the first quarter valued at approximately $254,000. 43.90% of the stock is owned by hedge funds and other institutional investors.

USANA Health Sciences, Inc. (NYSE USNA) opened at 58.80 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 15.27 and a beta of 1.10. The firm’s 50-day moving average price is $61.41 and its 200 day moving average price is $60.57. USANA Health Sciences, Inc. has a 52-week low of $52.55 and a 52-week high of $150.00.

USANA Health Sciences (NYSE:USNA) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.08. The business had revenue of $257.10 million for the quarter, compared to the consensus estimate of $273.61 million. USANA Health Sciences had a net margin of 9.47% and a return on equity of 30.12%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $2.07 EPS. On average, equities analysts anticipate that USANA Health Sciences, Inc. will post $3.79 earnings per share for the current year.

USANA Health Sciences declared that its board has approved a share buyback plan on Tuesday, July 25th that authorizes the company to buyback $64.60 million in outstanding shares. This buyback authorization authorizes the company to buy up to 46% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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Several research firms have commented on USNA. BidaskClub downgraded USANA Health Sciences from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Pivotal Research reduced their price objective on USANA Health Sciences from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th.

In related news, Director Myron W. Wentz sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $64.15, for a total transaction of $2,566,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul A. Jones sold 9,851 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $64.50, for a total transaction of $635,389.50. Following the transaction, the insider now owns 6,020 shares in the company, valued at approximately $388,290. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,334 shares of company stock worth $10,413,675. Corporate insiders own 53.20% of the company’s stock.

USANA Health Sciences Company Profile

USANA Health Sciences, Inc develops and manufactures science-based nutritional and personal care products. The Company operates as a direct selling company in two geographic regions: Americas and Europe, and Asia Pacific, which includes three sub-regions: Southeast Asia Pacific, Greater China and North Asia.

Institutional Ownership by Quarter for USANA Health Sciences (NYSE:USNA)

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