Sei Investments Co. increased its position in shares of Nature’s Sunshine Products, Inc. (NASDAQ:NATR – Free Report) by 83.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,241 shares of the company’s stock after acquiring an additional 80,848 shares during the period. Sei Investments Co.’s holdings in Nature’s Sunshine Products were worth $4,276,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NATR. State of Wyoming acquired a new position in Nature’s Sunshine Products in the 1st quarter valued at about $601,000. Watershed Asset Management L.L.C. acquired a new stake in shares of Nature’s Sunshine Products during the first quarter worth about $390,000. Hillsdale Investment Management Inc. boosted its stake in shares of Nature’s Sunshine Products by 44.4% in the first quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company’s stock valued at $7,602,000 after purchasing an additional 97,397 shares during the period. R Squared Ltd boosted its stake in shares of Nature’s Sunshine Products by 7.7% in the first quarter. R Squared Ltd now owns 15,340 shares of the company’s stock valued at $368,000 after purchasing an additional 1,092 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of Nature’s Sunshine Products in the first quarter valued at approximately $37,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.
Nature’s Sunshine Products Trading Down 2.0%
Nature’s Sunshine Products stock opened at $20.06 on Thursday. The stock has a market cap of $352.65 million, a P/E ratio of 18.24 and a beta of 0.88. The company has a fifty day simple moving average of $20.74 and a 200-day simple moving average of $23.58. Nature’s Sunshine Products, Inc. has a 12-month low of $12.97 and a 12-month high of $28.14.
Insiders Place Their Bets
In other news, EVP Daniel C. Norman sold 9,713 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $20.64, for a total transaction of $200,476.32. Following the sale, the executive vice president owned 47,276 shares of the company’s stock, valued at approximately $975,776.64. This trade represents a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin R. Herbert sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $20.68, for a total value of $41,360.00. Following the sale, the executive vice president owned 48,866 shares of the company’s stock, valued at approximately $1,010,548.88. The trade was a 3.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 35,696 shares of company stock valued at $742,407. 3.10% of the stock is owned by insiders.
Analyst Ratings Changes
NATR has been the topic of several recent research reports. Weiss Ratings downgraded shares of Nature’s Sunshine Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. DA Davidson upgraded shares of Nature’s Sunshine Products to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Canaccord Genuity Group cut their price objective on Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nature’s Sunshine Products currently has a consensus rating of “Buy” and a consensus price target of $34.50.
View Our Latest Stock Report on NATR
About Nature’s Sunshine Products
Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.
The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.
See Also
- Five stocks we like better than Nature’s Sunshine Products
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding NATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nature’s Sunshine Products, Inc. (NASDAQ:NATR – Free Report).
Receive News & Ratings for Nature's Sunshine Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nature's Sunshine Products and related companies with MarketBeat.com's FREE daily email newsletter.
