Alps Advisors Inc. Sells 1,616 Shares of Nautilus Inc. (NLS)
Alps Advisors Inc. lowered its stake in shares of Nautilus Inc. (NYSE:NLS) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 22,000 shares of the company’s stock after selling 1,616 shares during the period. Alps Advisors Inc.’s holdings in Nautilus were worth $392,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in NLS. BlackRock Institutional Trust Company N.A. boosted 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 worth $20,759,000 after buying an additional 257,692 shares during the last quarter. American Century Companies Inc. boosted 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 worth $6,055,000 after buying an additional 164,532 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Nautilus by 60.5% in the first quarter. Panagora Asset Management Inc. now owns 315,684 shares of the company’s stock worth $6,099,000 after buying an additional 119,016 shares during the last quarter. Orca Investment Management LLC purchased a new position in Nautilus during the second quarter worth $1,983,000. Finally, Neumeier Poma Investment Counsel LLC boosted its position in Nautilus by 12.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 749,690 shares of the company’s stock worth $14,484,000 after buying an additional 81,490 shares during the last quarter. 85.78% of the stock is owned by institutional investors.
Shares of Nautilus Inc. (NYSE:NLS) traded up 0.29% during midday trading on Monday, hitting $21.06. 362,395 shares of the company’s stock traded hands. The firm has a market capitalization of $655.09 million, a price-to-earnings ratio of 23.12 and a beta of 2.18. The company has a 50 day moving average price of $23.06 and a 200 day moving average price of $20.10. Nautilus Inc. has a 1-year low of $15.50 and a 1-year high of $24.99.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $78.50 million for the quarter, compared to analyst estimates of $77.83 million. Nautilus had a net margin of 7.49% and a return on equity of 24.07%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Equities analysts anticipate that Nautilus Inc. will post $1.14 earnings per share for the current year.
A number of equities analysts have weighed in on NLS shares. DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Nautilus in a research report on Thursday, September 29th. Wunderlich upped their target price on shares of Nautilus from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 28th. B. Riley restated a “buy” rating and issued a $23.00 target price on shares of Nautilus in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Imperial Capital lowered shares of Nautilus from an “outperform” rating to an “in-line” rating and set a $26.00 target price on the stock. in a research note on Monday, September 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.86.
In other news, Director Marvin G. Siegert sold 7,000 shares of Nautilus stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $21.28, for a total transaction of $148,960.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard A. Horn sold 7,500 shares of Nautilus stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $21.50, for a total transaction of $161,250.00. Following the sale, the director now owns 35,802 shares in the company, valued at $769,743. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
Nautilus Company Profile
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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