Prescott Group Capital Managem Purchases 20,000 Shares of Nature’s Sunshine Products (NASDAQ:NATR) Stock

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) major shareholder Prescott Group Capital Managem purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $14.69 per share, with a total value of $293,800.00. Following the completion of the transaction, the insider directly owned 1,944,486 shares of the company’s stock, valued at $28,564,499.34. The trade was a 1.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, August 10th, Prescott Group Capital Managem acquired 40,876 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $15.84 per share, for a total transaction of $647,475.84.
• On Friday, August 7th, Prescott Group Capital Managem acquired 96,000 shares of Nature’s Sunshine Products stock. The stock was acquired at an average cost of $16.63 per share, for a total transaction of $1,596,480.00.
• On Thursday, August 6th, Prescott Group Capital Managem acquired 4,513 shares of Nature’s Sunshine Products stock. The stock was acquired at an average price of $16.57 per share, with a total value of $74,780.41.

Nature’s Sunshine Products Price Performance

Shares of Nature’s Sunshine Products stock opened at $14.32 on Friday. Nature’s Sunshine Products, Inc. has a 1 year low of $12.97 and a 1 year high of $28.14. The firm has a market cap of $252.03 million, a PE ratio of 14.18 and a beta of 0.88. The stock has a fifty day moving average price of $19.70 and a 200-day moving average price of $22.90.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $116.99 million during the quarter, compared to analysts’ expectations of $123.70 million. Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings cut shares of Nature’s Sunshine Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. DA Davidson dropped their price objective on Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen lowered Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Hedge Funds Weigh In On Nature’s Sunshine Products

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Nature’s Sunshine Products in the first quarter valued at $174,000. Geode Capital Management LLC lifted its holdings in 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 worth $4,700,000 after purchasing an additional 27,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Nature’s Sunshine Products by 16.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,698 shares of the company’s stock worth $3,382,000 after purchasing an additional 31,696 shares during the period. Rhumbline Advisers boosted its stake in Nature’s Sunshine Products by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 21,180 shares of the company’s stock worth $313,000 after purchasing an additional 1,875 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Nature’s Sunshine Products by 91.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,787 shares of the company’s stock valued at $348,000 after buying an additional 11,389 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Nature’s Sunshine Products Company 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.