Nature’s Sunshine Products (NASDAQ:NATR) Major Shareholder Buys 291,666 Shares of Company Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem bought 291,666 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $9.77 per share, for a total transaction of $2,849,576.82. Following the completion of the acquisition, the insider owned 2,236,152 shares in the company, valued at approximately $21,847,205.04. This trade represents a 15.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Prescott Group Capital Managem also recently made the following trade(s):

• On Monday, August 17th, Prescott Group Capital Managem bought 20,000 shares of Nature’s Sunshine Products stock. The stock was purchased at an average price of $14.69 per share, with a total value of $293,800.00.

Nature’s Sunshine Products Stock Performance

Shares of Nature’s Sunshine Products stock traded up $0.15 on Monday, reaching $11.02. 240,165 shares of the stock were exchanged, compared to its average volume of 141,080. The firm’s 50 day moving average is $12.82 and its 200-day moving average is $20.23. Nature’s Sunshine Products, Inc. has a one year low of $9.38 and a one year high of $28.14. The firm has a market cap of $190.98 million, a PE ratio of 13.44 and a beta of 0.80.

Nature’s Sunshine Products (NASDAQ:NATR) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.11). The firm had revenue of $116.60 million for the quarter, compared to analyst estimates of $129.51 million. Nature’s Sunshine Products had a return on equity of 10.42% and a net margin of 3.05%.

Hedge Funds Weigh In On Nature’s Sunshine Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of Nature’s Sunshine Products during the second quarter worth $30,000. New York State Teachers Retirement System acquired a new position in shares of Nature’s Sunshine Products during the first quarter worth $37,000. McIlrath & Eck LLC bought a new position in shares of Nature’s Sunshine Products in the 1st quarter valued at $48,000. State of Alaska Department of Revenue lifted its stake in shares of Nature’s Sunshine Products by 415.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,444 shares of the company’s stock valued at $94,000 after acquiring an additional 6,000 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Nature’s Sunshine Products in the 2nd quarter valued at $249,000. Institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

NATR has been the topic of several recent analyst reports. Canaccord Genuity Group decreased their price target on Nature’s Sunshine Products from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. DA Davidson dropped their price objective on 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. Weiss Ratings lowered Nature’s Sunshine Products from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Finally, Wall Street Zen lowered Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.00.

Nature’s Sunshine Products Company Profile

Nature’s Sunshine Products, Inc develops and sells natural health and wellness products through direct selling, e-commerce and other distribution channels. Its product portfolio includes dietary supplements, herbal supplements, vitamins, minerals, essential oils, sports nutrition products and personal-care items.

The company markets products primarily under the Nature’s Sunshine and Synergy WorldWide brands. Nature’s Sunshine focuses on nutritional and herbal wellness products, while Synergy offers supplements and performance-oriented nutrition products.