Arizona State Retirement System boosted its holdings in Nautilus, Inc. (NYSE:NLS) by 222.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,610 shares of the specialty retailer’s stock after buying an additional 35,610 shares during the quarter. Arizona State Retirement System owned 0.17% of Nautilus worth $689,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Nautilus in the third quarter worth approximately $134,000. Jane Street Group LLC acquired a new position in Nautilus in the third quarter worth approximately $173,000. Teacher Retirement System of Texas acquired a new position in Nautilus in the fourth quarter worth approximately $142,000. Municipal Employees Retirement System of Michigan grew its position in Nautilus by 58.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock worth $195,000 after buying an additional 4,260 shares during the last quarter. Finally, Granite Point Capital Management L.P. acquired a new position in Nautilus in the third quarter worth approximately $220,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.
Nautilus, Inc. (NLS) opened at $13.05 on Tuesday. Nautilus, Inc. has a 52-week low of $11.30 and a 52-week high of $19.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.94. The firm has a market cap of $419.15, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61.
Nautilus declared that its board has approved a stock repurchase plan on Monday, March 5th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, VP Jeffery Lynn Collins sold 2,335 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $13.00, for a total transaction of $30,355.00. Following the transaction, the vice president now directly owns 3,432 shares in the company, valued at approximately $44,616. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $11.99, for a total transaction of $128,293.00. Following the transaction, the chief executive officer now owns 372,876 shares in the company, valued at $4,470,783.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,735 shares of company stock worth $294,003. Corporate insiders own 3.70% of the company’s stock.
NLS has been the topic of several recent research reports. ValuEngine lowered shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Lake Street Capital restated a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. B. Riley lowered their price objective on shares of Nautilus from $19.75 to $16.75 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Finally, Imperial Capital reiterated an “in-line” rating and set a $12.00 price objective (down from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.68.
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Nautilus Company Profile
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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