The Manufacturers Life Insurance Company Acquires 1,581 Shares of Nu Skin Enterprises, Inc. (NUS)

The Manufacturers Life Insurance Company boosted its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,141 shares of the company’s stock after acquiring an additional 1,581 shares during the period. The Manufacturers Life Insurance Company owned about 0.14% of Nu Skin Enterprises worth $4,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in Nu Skin Enterprises during the 2nd quarter worth about $573,000. BlueCrest Capital Management Ltd bought a new position in Nu Skin Enterprises during the 2nd quarter worth about $897,000. Janus Henderson Group PLC bought a new position in Nu Skin Enterprises during the 2nd quarter worth about $1,973,000. Shelton Capital Management bought a new position in Nu Skin Enterprises during the 2nd quarter worth about $232,000. Finally, Balyasny Asset Management LLC bought a new position in Nu Skin Enterprises during the 2nd quarter worth about $3,925,000. Institutional investors own 79.74% of the company’s stock.

Shares of Nu Skin Enterprises, Inc. (NYSE NUS) opened at 63.61 on Wednesday. Nu Skin Enterprises, Inc. has a 52-week low of $46.35 and a 52-week high of $65.85. The firm’s 50 day moving average is $62.38 and its 200 day moving average is $60.10. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 21.27 and a beta of 1.40.

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

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Several research firms have commented on NUS. TheStreet raised shares of Nu Skin Enterprises from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Bank of America Corporation increased their price target on shares of Nu Skin Enterprises from $53.00 to $57.00 and gave the company an “underperform” rating in a research report on Monday, July 10th. Zacks Investment Research raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus set a $50.00 price target on shares of Nu Skin Enterprises and gave the company a “sell” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.00.

In related news, Director Daniel W. Campbell sold 4,607 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $62.48, for a total transaction of $287,845.36. Following the completion of the sale, the director now owns 63,753 shares in the company, valued at $3,983,287.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Ryan S. Napierski sold 6,933 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $64.00, for a total value of $443,712.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,040 shares of company stock valued at $1,188,157. Corporate insiders own 5.20% of the company’s stock.

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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