Skylands Capital LLC Sells 163,050 Shares of Nature’s Sunshine Products, Inc. $NATR

Skylands Capital LLC cut its position in shares of Nature’s Sunshine Products, Inc. (NASDAQ:NATR) by 33.5% in the third quarter, Holdings Channel.com reports. The firm owned 323,350 shares of the company’s stock after selling 163,050 shares during the quarter. Skylands Capital LLC’s holdings in Nature’s Sunshine Products were worth $5,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in Nature’s Sunshine Products in the second quarter worth about $30,000. CWM LLC grew its stake in shares of Nature’s Sunshine Products by 147.0% during the third quarter. CWM LLC now owns 2,075 shares of the company’s stock valued at $32,000 after buying an additional 1,235 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nature’s Sunshine Products in the second quarter worth approximately $37,000. Jane Street Group LLC bought a new stake in shares of Nature’s Sunshine Products during the 1st quarter worth approximately $174,000. Finally, Ritholtz Wealth Management purchased a new position in Nature’s Sunshine Products during the 3rd quarter valued at $186,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Nature’s Sunshine Products Trading Down 1.3%

NATR opened at $25.37 on Wednesday. Nature’s Sunshine Products, Inc. has a 12-month low of $11.01 and a 12-month high of $26.96. The business’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $18.81. The company has a market capitalization of $443.98 million, a price-to-earnings ratio of 31.32 and a beta of 0.95.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, EVP Bryant J. Yates sold 1,700 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $22.29, for a total value of $37,893.00. Following the completion of the sale, the executive vice president owned 98,604 shares in the company, valued at approximately $2,197,883.16. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nathan G. Brower sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $20.81, for a total transaction of $79,078.00. Following the completion of the sale, the executive vice president directly owned 46,735 shares of the company’s stock, valued at $972,555.35. The trade was a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,500 shares of company stock valued at $219,221 over the last three months. 5.60% of the stock is owned by company insiders.

About Nature’s Sunshine Products

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.