ClariVest Asset Management LLC cut its stake in Nautilus Inc. (NYSE:NLS) by 79.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,461 shares of the company’s stock after selling 126,517 shares during the period. ClariVest Asset Management LLC’s holdings in Nautilus were worth $598,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of Nautilus by 31.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,074,507 shares of the company’s stock worth $20,759,000 after buying an additional 257,692 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Nautilus by 94.1% in the second quarter. American Century Companies Inc. now owns 339,399 shares of the company’s stock worth $6,055,000 after buying an additional 164,532 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Nautilus by 60.5% in the first quarter. Panagora Asset Management Inc. now owns 315,684 shares of the company’s stock worth $6,099,000 after buying an additional 119,016 shares in the last quarter. Orca Investment Management LLC bought a new stake in shares of Nautilus during the second quarter worth $1,983,000. Finally, Teachers Advisors Inc. raised its stake in shares of Nautilus by 17.8% in the first quarter. Teachers Advisors Inc. now owns 497,433 shares of the company’s stock worth $9,610,000 after buying an additional 75,207 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Nautilus Inc. (NYSE:NLS) traded down 0.67% on Friday, reaching $20.78. 351,898 shares of the company’s stock traded hands. The firm has a market cap of $646.38 million, a price-to-earnings ratio of 22.81 and a beta of 2.18. The stock’s 50 day moving average is $23.04 and its 200 day moving average is $20.18. Nautilus Inc. has a 52-week low of $16.14 and a 52-week high of $24.99.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm earned $78.50 million during the quarter, compared to analysts’ expectations of $77.83 million. Nautilus had a net margin of 7.49% and a return on equity of 24.07%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. On average, equities research analysts predict that Nautilus Inc. will post $1.14 EPS for the current fiscal year.
A number of brokerages have recently weighed in on NLS. B. Riley reaffirmed a “buy” rating and issued a $23.00 price target on shares of Nautilus in a research note on Friday, July 29th. Imperial Capital began coverage on shares of Nautilus in a research note on Wednesday, July 6th. They set an “outperform” rating and a $24.00 target price for the company. Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Wunderlich reissued a “buy” rating and set a $24.00 target price on shares of Nautilus in a research note on Tuesday, August 2nd. Finally, DA Davidson reissued a “buy” rating and set a $28.00 target price on shares of Nautilus in a research note on Thursday, September 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $24.86.
In other news, Director Richard A. Horn sold 7,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $21.50, for a total value of $161,250.00. Following the transaction, the director now owns 35,802 shares of the company’s stock, valued at approximately $769,743. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marvin G. Siegert sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $21.28, for a total transaction of $148,960.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company 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.