California Public Employees Retirement System cut its position in Nautilus Inc. (NYSE:NLS) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 103,400 shares of the company’s stock after selling 6,000 shares during the period. California Public Employees Retirement System owned 0.33% of Nautilus worth $1,845,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of NLS. Adams Diversified Equity Fund Inc. acquired a new position in shares of Nautilus during the second quarter worth about $435,000. Royal Bank of Canada raised its position in shares of Nautilus by 51.3% in the first quarter. Royal Bank of Canada now owns 25,750 shares of the company’s stock worth $498,000 after buying an additional 8,726 shares during the period. Virginia Retirement System acquired a new position in shares of Nautilus during the first quarter worth about $551,000. Capital Fund Management S.A. acquired a new position in shares of Nautilus during the second quarter worth about $562,000. Finally, Hancock Holding Co. acquired a new position in shares of Nautilus during the first quarter worth about $688,000. 85.78% of the stock is owned by hedge funds and other institutional investors.
Nautilus Inc. (NYSE:NLS) traded down 2.65% on Friday, reaching $20.92. The company’s stock had a trading volume of 1,051,049 shares. The stock has a market cap of $650.74 million, a P/E ratio of 22.96 and a beta of 2.18. Nautilus Inc. has a one year low of $15.50 and a one year high of $24.99. The stock has a 50-day moving average of $23.07 and a 200-day moving average of $20.08.
Nautilus (NYSE:NLS) last released its earnings results on Monday, August 1st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Nautilus had a return on equity of 24.07% and a net margin of 7.49%. The firm had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $77.83 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. On average, analysts predict that Nautilus Inc. will post $1.14 EPS for the current fiscal year.
A number of brokerages recently issued reports on NLS. Imperial Capital began coverage on shares of Nautilus in a report on Wednesday, July 6th. They issued an “outperform” rating and a $24.00 price objective for the company. Zacks Investment Research lowered shares of Nautilus from a “buy” rating to a “sell” rating in a report on Wednesday, July 13th. Wunderlich reiterated a “buy” rating and issued a $24.00 price objective on shares of Nautilus in a report on Tuesday, August 2nd. B. Riley reiterated a “buy” rating and issued a $23.00 price objective on shares of Nautilus in a report on Friday, July 29th. Finally, DA Davidson reissued a “buy” rating and set a $28.00 target price on shares of Nautilus in a research report on Thursday, September 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nautilus has a consensus rating of “Buy” and an average price target of $24.86.
In other news, Director Marvin G. Siegert sold 7,000 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.28, for a total value of $148,960.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jeffery Lynn Collins sold 4,166 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.30, for a total value of $88,735.80. Following the completion of the sale, the vice president now directly owns 4,278 shares in the company, valued at $91,121.40. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
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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