USANA Health Sciences, Inc. (USNA) Stake Lessened by Ibex Investors LLC
Ibex Investors LLC lessened its stake in USANA Health Sciences, Inc. (NYSE:USNA) by 49.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,739 shares of the company’s stock after selling 1,699 shares during the quarter. Ibex Investors LLC’s holdings in USANA Health Sciences were worth $210,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new position in USANA Health Sciences in the 3rd quarter worth about $121,000. Harvest Fund Management Co. Ltd raised its position in USANA Health Sciences by 418.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,224 shares of the company’s stock worth $148,000 after buying an additional 988 shares during the last quarter. Amalgamated Bank purchased a new position in USANA Health Sciences in the 2nd quarter worth about $223,000. Nomura Holdings Inc. purchased a new position in USANA Health Sciences in the 2nd quarter worth about $250,000. Finally, Janus Henderson Group PLC purchased a new position in USANA Health Sciences in the 3rd quarter worth about $258,000. 54.53% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on USNA. ValuEngine lowered USANA Health Sciences from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Sidoti raised USANA Health Sciences from a “neutral” rating to a “buy” rating in a research report on Thursday, October 25th. Finally, Pivotal Research raised USANA Health Sciences from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, October 24th.
USANA Health Sciences stock opened at $120.74 on Friday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 29.74 and a beta of 0.79. USANA Health Sciences, Inc. has a 52-week low of $69.55 and a 52-week high of $137.95.
USANA Health Sciences (NYSE:USNA) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The business had revenue of $296.80 million during the quarter, compared to the consensus estimate of $289.54 million. USANA Health Sciences had a return on equity of 29.67% and a net margin of 7.57%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS.
USANA Health Sciences announced that its board has initiated a share buyback plan on Tuesday, October 23rd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
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About USANA Health Sciences
USANA Health Sciences, Inc develops, manufactures, and sells science-based nutritional and personal care products primarily to reduce the risk of chronic degenerative disease. The company offers USANA nutritional products that comprise essentials/CellSentials, such as vitamin and mineral supplements that provide a foundation of total body nutrition for various age groups; optimizers comprising targeted supplements that are designed to meet cardiovascular, skeletal/structural, and digestive health needs; and foods that include low-glycemic meal replacement shakes, snack bars, and other related products, which provide macro-nutrition.
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