Quest Partners LLC Purchases New Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Quest Partners LLC acquired a new position in Nu Skin Enterprises, Inc. (NYSE:NUS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,340 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also modified their holdings of NUS. Pacer Advisors Inc. bought a new position in shares of Nu Skin Enterprises in the 2nd quarter valued at about $25,230,000. Federated Hermes Inc. boosted its holdings in shares of Nu Skin Enterprises by 111.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock worth $13,950,000 after purchasing an additional 698,722 shares during the period. Vanguard Group Inc. increased its position in shares of Nu Skin Enterprises by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock valued at $89,751,000 after purchasing an additional 274,309 shares during the last quarter. Millennium Management LLC increased its position in shares of Nu Skin Enterprises by 100.5% during the 2nd quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock valued at $5,634,000 after purchasing an additional 267,965 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Nu Skin Enterprises by 178.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 283,355 shares of the company’s stock worth $3,919,000 after buying an additional 181,528 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Nu Skin Enterprises Trading Down 1.5 %

Shares of NUS opened at $7.44 on Wednesday. The firm has a market capitalization of $369.84 million, a price-to-earnings ratio of -3.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. Nu Skin Enterprises, Inc. has a 1-year low of $5.95 and a 1-year high of $20.75. The company has a 50-day moving average of $6.75 and a 200 day moving average of $9.44.

Nu Skin Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.23%. Nu Skin Enterprises’s payout ratio is -11.59%.

Nu Skin Enterprises Company Profile

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.