BlackRock Inc. Has $7.82 Million Stock Position in Nautilus, Inc. (NYSE:NLS)

BlackRock Inc. trimmed its position in Nautilus, Inc. (NYSE:NLS) by 24.3% in the second quarter, Holdings Channel.com reports. The firm owned 3,538,908 shares of the specialty retailer’s stock after selling 1,137,685 shares during the period. BlackRock Inc. owned about 0.12% of Nautilus worth $7,821,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Nautilus during the 2nd quarter worth about $1,335,000. Acadian Asset Management LLC acquired a new position in shares of Nautilus during the 2nd quarter worth about $573,000. Skylands Capital LLC grew its position in shares of Nautilus by 107.2% during the 2nd quarter. Skylands Capital LLC now owns 325,880 shares of the specialty retailer’s stock worth $720,000 after buying an additional 168,630 shares during the period. Teton Advisors Inc. grew its position in shares of Nautilus by 29.6% during the 2nd quarter. Teton Advisors Inc. now owns 247,000 shares of the specialty retailer’s stock worth $546,000 after buying an additional 56,460 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Nautilus by 434.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,440 shares of the specialty retailer’s stock worth $136,000 after buying an additional 49,940 shares during the period. Hedge funds and other institutional investors own 85.74% of the company’s stock.

In other Nautilus news, Director M Carl Johnson III acquired 30,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $37,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.

NYSE:NLS opened at $1.29 on Wednesday. Nautilus, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 0.99. The stock has a market capitalization of $36.86 million, a PE ratio of 2.58 and a beta of 0.92. The business’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $2.53.

Nautilus (NYSE:NLS) last released its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.14). Nautilus had a negative net margin of 23.37% and a negative return on equity of 7.72%. The business had revenue of $59.00 million for the quarter, compared to the consensus estimate of $60.08 million. On average, research analysts expect that Nautilus, Inc. will post -0.64 earnings per share for the current year.

Several research firms have recently issued reports on NLS. Lake Street Capital decreased their target price on Nautilus from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Imperial Capital upgraded Nautilus from an “in-line” rating to an “outperform” rating and set a $4.50 target price for the company in a research report on Wednesday, July 17th. ValuEngine upgraded Nautilus from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Nautilus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Nautilus currently has a consensus rating of “Hold” and an average target price of $6.79.

About Nautilus

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

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Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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