SummerHaven Investment Management LLC Buys New Position in Nature’s Sunshine Products, Inc. $NATR

SummerHaven Investment Management LLC purchased a new position in Nature’s Sunshine Products, Inc. (NASDAQ:NATR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 54,305 shares of the company’s stock, valued at approximately $843,000. SummerHaven Investment Management LLC owned approximately 0.31% of Nature’s Sunshine Products as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of NATR. Kennedy Capital Management LLC raised its position in shares of Nature’s Sunshine Products by 37.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 589,636 shares of the company’s stock valued at $8,721,000 after purchasing an additional 160,002 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Nature’s Sunshine Products by 17.9% in the second quarter. Acadian Asset Management LLC now owns 558,169 shares of the company’s stock valued at $8,241,000 after acquiring an additional 84,636 shares in the last quarter. AWM Investment Company Inc. bought a new position in Nature’s Sunshine Products during the 2nd quarter valued at $5,176,000. American Century Companies Inc. increased its holdings in Nature’s Sunshine Products by 9.6% in the second quarter. American Century Companies Inc. now owns 334,156 shares of the company’s stock valued at $4,942,000 after buying an additional 29,153 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Nature’s Sunshine Products by 9.4% during the 2nd quarter. Geode Capital Management LLC now owns 317,731 shares of the company’s stock valued at $4,700,000 after acquiring an additional 27,300 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NATR shares. DA Davidson raised their target price on shares of Nature’s Sunshine Products from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nature’s Sunshine Products in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Nature’s Sunshine Products currently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Nature’s Sunshine Products Stock Performance

Shares of NATR opened at $24.05 on Wednesday. Nature’s Sunshine Products, Inc. has a 52 week low of $11.01 and a 52 week high of $24.97. The company has a market capitalization of $420.88 million, a PE ratio of 29.69 and a beta of 0.93. The company’s 50 day moving average price is $22.01 and its 200 day moving average price is $18.06.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.18. The firm had revenue of $88.99 million for the quarter, compared to analyst estimates of $119.39 million. Nature’s Sunshine Products had a net margin of 3.18% and a return on equity of 10.86%.

Insiders Place Their Bets

In other Nature’s Sunshine Products news, EVP Bryant J. Yates sold 1,700 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $22.29, for a total transaction of $37,893.00. Following the completion of the transaction, the executive vice president owned 98,604 shares in the company, valued at $2,197,883.16. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nathan G. Brower sold 3,800 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $20.81, for a total value of $79,078.00. Following the completion of the sale, the executive vice president owned 46,735 shares in the company, valued at $972,555.35. This trade represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,384 shares of company stock worth $400,988 in the last 90 days. 5.60% of the stock is owned by company insiders.

Nature’s Sunshine Products 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.