The Manufacturers Life Insurance Company grew its holdings in Nautilus, Inc. (NYSE:NLS) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,971 shares of the specialty retailer’s stock after buying an additional 36,232 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.75% of Nautilus worth $3,056,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Cooke & Bieler LP increased its stake in shares of Nautilus by 43.4% in the fourth quarter. Cooke & Bieler LP now owns 1,781,670 shares of the specialty retailer’s stock valued at $23,785,000 after buying an additional 539,291 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Nautilus in the fourth quarter valued at $142,000. Alambic Investment Management L.P. acquired a new stake in shares of Nautilus in the fourth quarter valued at $4,192,000. Victory Capital Management Inc. increased its stake in shares of Nautilus by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 87,157 shares of the specialty retailer’s stock valued at $1,163,000 after buying an additional 5,381 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Nautilus in the fourth quarter valued at $567,000. Institutional investors own 88.95% of the company’s stock.
In other news, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $12.65, for a total transaction of $135,355.00. Following the transaction, the chief executive officer now owns 372,876 shares in the company, valued at approximately $4,716,881.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffery Lynn Collins sold 2,335 shares of Nautilus stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.00, for a total value of $30,355.00. Following the transaction, the vice president now owns 3,432 shares in the company, valued at approximately $44,616. The disclosure for this sale can be found here. Insiders have sold a total of 34,435 shares of company stock worth $440,700 in the last quarter. 3.70% of the stock is currently owned by company insiders.
Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, March 5th. The specialty retailer reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Nautilus had a net margin of 6.47% and a return on equity of 15.93%. The business had revenue of $127.80 million for the quarter, compared to the consensus estimate of $128.64 million. During the same quarter last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts expect that Nautilus, Inc. will post 1 EPS for the current year.
Nautilus declared that its board has authorized a stock buyback plan on Monday, March 5th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently weighed in on NLS shares. Zacks Investment Research upgraded Nautilus from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, January 16th. Imperial Capital restated an “in-line” rating and issued a $12.00 target price (down from $14.00) on shares of Nautilus in a research note on Wednesday, March 7th. B. Riley reiterated a “buy” rating and issued a $19.75 price target on shares of Nautilus in a report on Friday, November 17th. ValuEngine cut Nautilus from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Lake Street Capital reiterated a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Nautilus in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.68.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/the-manufacturers-life-insurance-company-increases-stake-in-nautilus-inc-nls.html.
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.
Receive News & Ratings for Nautilus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nautilus and related companies with MarketBeat.com's FREE daily email newsletter.