Nautilus Inc. (NLS) Sees Large Growth in Short Interest
Nautilus Inc. (NYSE:NLS) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 1,465,400 shares, an increase of 60.4% from the August 31st total of 913,691 shares. Based on an average trading volume of 855,974 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.8% of the company’s stock are short sold.
In related news, VP Jeffery Lynn Collins sold 4,166 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $21.30, for a total value of $88,735.80. Following the sale, the vice president now owns 4,278 shares in the company, valued at $91,121.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marvin G. Siegert sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $21.28, for a total value of $148,960.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NLS. Henderson Group PLC purchased a new position in Nautilus during the second quarter valued at approximately $8,685,000. BlackRock Institutional Trust Company N.A. raised its position in Nautilus by 31.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,074,507 shares of the company’s stock valued at $20,759,000 after buying an additional 257,692 shares during the period. Waddell & Reed Financial Inc. raised its position in Nautilus by 34.5% in the second quarter. Waddell & Reed Financial Inc. now owns 940,400 shares of the company’s stock valued at $16,777,000 after buying an additional 241,200 shares during the period. Emerald Acquisition Ltd. purchased a new position in Nautilus during the second quarter valued at approximately $2,981,000. Finally, American Century Companies Inc. raised its position in Nautilus by 94.1% in the second quarter. American Century Companies Inc. now owns 339,399 shares of the company’s stock valued at $6,055,000 after buying an additional 164,532 shares during the period. 85.78% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on NLS shares. DA Davidson reiterated a “buy” rating and issued a $28.00 target price on shares of Nautilus in a research report on Thursday. Wunderlich upped their target price on Nautilus from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, September 28th. B. Riley reiterated a “buy” rating and issued a $23.00 target price on shares of Nautilus in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Nautilus from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Imperial Capital lowered Nautilus from an “outperform” rating to an “in-line” rating and set a $26.00 target price on the stock. in a research report on Monday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Nautilus has an average rating of “Buy” and a consensus price target of $24.86.
Nautilus (NYSE:NLS) opened at 22.72 on Monday. The firm has a market capitalization of $706.73 million, a P/E ratio of 24.94 and a beta of 1.99. Nautilus has a 52 week low of $14.95 and a 52 week high of $24.99. The stock’s 50 day moving average price is $23.03 and its 200 day moving average price is $19.99.
Nautilus (NYSE:NLS) last issued its earnings results on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The business had revenue of $78.50 million for the quarter, compared to analyst estimates of $77.83 million. During the same quarter last year, the company earned $0.07 EPS. The business’s quarterly revenue was up 31.5% on a year-over-year basis. On average, equities analysts expect that Nautilus will post $1.15 EPS for the current year.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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