Nature’s Sunshine Products, Inc. (NASDAQ:NATR – Get Free Report) major shareholder Prescott Group Capital Managem purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $14.69 per share, for a total transaction of $293,800.00. Following the completion of the transaction, the insider owned 1,944,486 shares of the company’s stock, valued at $28,564,499.34. This trade represents a 1.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Prescott Group Capital Managem also recently made the following trade(s):
- On Monday, August 10th, Prescott Group Capital Managem acquired 40,876 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $15.84 per share, with a total value of $647,475.84.
- On Friday, August 7th, Prescott Group Capital Managem acquired 96,000 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $16.63 per share, with a total value of $1,596,480.00.
- On Thursday, August 6th, Prescott Group Capital Managem bought 4,513 shares of Nature’s Sunshine Products stock. The shares were acquired at an average price of $16.57 per share, for a total transaction of $74,780.41.
Nature’s Sunshine Products Trading Down 0.6%
Shares of NATR opened at $14.56 on Thursday. Nature’s Sunshine Products, Inc. has a 12 month low of $12.97 and a 12 month high of $28.14. The firm’s 50 day moving average is $19.82 and its 200-day moving average is $22.98. The stock has a market capitalization of $256.26 million, a PE ratio of 14.42 and a beta of 0.88.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on NATR shares. Wall Street Zen cut Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research report on Sunday. DA Davidson cut their price objective on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Canaccord Genuity Group reduced their price objective on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Nature’s Sunshine Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.50.
View Our Latest Analysis on NATR
Hedge Funds Weigh In On Nature’s Sunshine Products
Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Nature’s Sunshine Products during the 1st quarter worth $174,000. Geode Capital Management LLC boosted its stake in Nature’s Sunshine Products by 9.4% in the second quarter. Geode Capital Management LLC now owns 317,731 shares of the company’s stock valued at $4,700,000 after buying an additional 27,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Nature’s Sunshine Products by 16.1% in the second quarter. JPMorgan Chase & Co. now owns 228,698 shares of the company’s stock valued at $3,382,000 after buying an additional 31,696 shares in the last quarter. Rhumbline Advisers grew its position in Nature’s Sunshine Products by 9.7% in the second quarter. Rhumbline Advisers now owns 21,180 shares of the company’s stock valued at $313,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Nature’s Sunshine Products by 91.9% during the second quarter. Russell Investments Group Ltd. now owns 23,787 shares of the company’s stock worth $348,000 after acquiring an additional 11,389 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.
Nature’s Sunshine Products Company Profile
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.
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