Mckinley Capital Management LLC Delaware Purchases Shares of 117,504 Nautilus Group, Inc. (The) (NLS)
Mckinley Capital Management LLC Delaware purchased a new position in shares of Nautilus Group, Inc. (The) (NYSE:NLS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 117,504 shares of the specialty retailer’s stock, valued at approximately $1,986,000. Mckinley Capital Management LLC Delaware owned 0.38% of Nautilus Group at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Eagle Asset Management Inc. boosted its position in Nautilus Group by 2.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 420,956 shares of the specialty retailer’s stock worth $7,261,000 after purchasing an additional 10,879 shares during the period. Wasatch Advisors Inc. boosted its position in Nautilus Group by 16.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 127,800 shares of the specialty retailer’s stock valued at $2,160,000 after buying an additional 17,800 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Nautilus Group in the 3rd quarter valued at about $233,000. SG Americas Securities LLC purchased a new position in Nautilus Group in the 3rd quarter valued at about $134,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Nautilus Group by 58.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock valued at $195,000 after buying an additional 4,260 shares during the last quarter. 97.87% of the stock is owned by hedge funds and other institutional investors.
NLS has been the subject of a number of analyst reports. TheStreet cut shares of Nautilus Group from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Imperial Capital cut shares of Nautilus Group from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $20.00 to $14.00 in a research report on Tuesday, October 31st. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of Nautilus Group in a research report on Tuesday, September 5th. Zacks Investment Research cut shares of Nautilus Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Lake Street Capital cut shares of Nautilus Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $15.00 in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.96.
Shares of Nautilus Group, Inc. (NLS) traded down $0.20 during trading on Friday, hitting $12.90. 287,549 shares of the stock were exchanged, compared to its average volume of 343,253. The firm has a market cap of $398.69, a price-to-earnings ratio of 13.28, a PEG ratio of 1.43 and a beta of 2.12. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. Nautilus Group, Inc. has a 1-year low of $12.25 and a 1-year high of $19.80.
Nautilus Group (NYSE:NLS) last issued its earnings results on Monday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $88.10 million for the quarter, compared to analyst estimates of $92.29 million. Nautilus Group had a net margin of 7.28% and a return on equity of 18.54%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. equities analysts expect that Nautilus Group, Inc. will post 0.92 EPS for the current year.
In other news, CEO Bruce M. Cazenave sold 5,350 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $12.66, for a total value of $67,731.00. Following the sale, the chief executive officer now owns 372,876 shares in the company, valued at approximately $4,720,610.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Wayne M. Bolio sold 16,190 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $12.84, for a total transaction of $207,879.60. Following the completion of the sale, the senior vice president now owns 60,189 shares in the company, valued at approximately $772,826.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,540 shares of company stock worth $340,611. Company insiders own 3.70% of the company’s stock.
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Nautilus Group Profile
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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