Nu Skin Enterprises, Inc. (NYSE:NUS) Stock Position Lifted by PDT Partners LLC

PDT Partners LLC boosted its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 312.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,491 shares of the company’s stock after purchasing an additional 41,264 shares during the period. PDT Partners LLC owned about 0.11% of Nu Skin Enterprises worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in Nu Skin Enterprises in the second quarter valued at approximately $25,230,000. Federated Hermes Inc. lifted its stake in Nu Skin Enterprises by 111.8% in the second quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock valued at $13,950,000 after acquiring an additional 698,722 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Nu Skin Enterprises by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company’s stock valued at $9,498,000 after acquiring an additional 43,935 shares during the last quarter. American Century Companies Inc. lifted its stake in Nu Skin Enterprises by 21.0% in the second quarter. American Century Companies Inc. now owns 565,079 shares of the company’s stock valued at $5,956,000 after acquiring an additional 98,243 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Nu Skin Enterprises by 100.5% in the second quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock valued at $5,634,000 after acquiring an additional 267,965 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson reduced their target price on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Citigroup reduced their price objective on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Nu Skin Enterprises Price Performance

Shares of Nu Skin Enterprises stock opened at $7.50 on Wednesday. The firm has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $9.22. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. Nu Skin Enterprises, Inc. has a 1-year low of $5.95 and a 1-year high of $20.75. The stock has a market capitalization of $372.83 million, a price-to-earnings ratio of -3.62 and a beta of 1.20.

Nu Skin Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently -11.59%.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.