Allspring Global Investments Holdings LLC Reduces Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Allspring Global Investments Holdings LLC lessened its holdings in Nu Skin Enterprises, Inc. (NYSE:NUSGet Rating) by 47.2% during the 3rd quarter, Holdings Channel reports. The firm owned 33,620 shares of the company’s stock after selling 30,107 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Nu Skin Enterprises were worth $1,121,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Artemis Wealth Advisors LLC purchased a new stake in shares of Nu Skin Enterprises in the second quarter valued at $33,000. Eagle Bay Advisors LLC increased its position in Nu Skin Enterprises by 37.1% during the 2nd quarter. Eagle Bay Advisors LLC now owns 809 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Nu Skin Enterprises during the 3rd quarter worth about $77,000. Private Trust Co. NA purchased a new stake in Nu Skin Enterprises during the 2nd quarter worth about $103,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Nu Skin Enterprises during the 2nd quarter worth about $144,000. 93.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nu Skin Enterprises

In related news, CEO Ryan S. Napierski sold 25,000 shares of the company’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $38.45, for a total transaction of $961,250.00. Following the completion of the transaction, the chief executive officer now directly owns 122,683 shares in the company, valued at approximately $4,717,161.35. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Ryan S. Napierski sold 25,000 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $38.45, for a total value of $961,250.00. Following the completion of the transaction, the chief executive officer now owns 122,683 shares of the company’s stock, valued at $4,717,161.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew D. Lipman sold 1,000 shares of the stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $40.75, for a total value of $40,750.00. Following the completion of the transaction, the director now directly owns 66,393 shares of the company’s stock, valued at approximately $2,705,514.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,000 shares of company stock valued at $1,040,160. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

NUS has been the subject of several recent analyst reports. Citigroup lowered their price target on Nu Skin Enterprises from $39.00 to $35.00 in a report on Friday, November 4th. DA Davidson lifted their price target on Nu Skin Enterprises from $34.00 to $40.00 in a report on Tuesday, December 20th. Finally, StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, November 4th.

Nu Skin Enterprises Stock Up 3.6 %

Shares of NYSE:NUS opened at $42.12 on Friday. The stock has a 50-day simple moving average of $40.95 and a 200-day simple moving average of $40.24. The stock has a market capitalization of $2.08 billion, a P/E ratio of 56.92 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.23 and a current ratio of 2.13. Nu Skin Enterprises, Inc. has a 1 year low of $29.95 and a 1 year high of $56.76.

Nu Skin Enterprises (NYSE:NUSGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.31). Nu Skin Enterprises had a return on equity of 17.44% and a net margin of 1.61%. The company had revenue of $537.81 million for the quarter, compared to analyst estimates of $569.53 million. Equities analysts forecast that Nu Skin Enterprises, Inc. will post 2.54 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Friday, November 25th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Wednesday, November 23rd. Nu Skin Enterprises’s dividend payout ratio is currently 208.11%.

Nu Skin Enterprises Profile

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Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.

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Institutional Ownership by Quarter for Nu Skin Enterprises (NYSE:NUS)

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