6 Meridian Grows Position in Nautilus, Inc. (NLS)

6 Meridian increased its stake in Nautilus, Inc. (NYSE:NLS) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,655 shares of the specialty retailer’s stock after buying an additional 12,454 shares during the period. 6 Meridian owned 0.21% of Nautilus worth $348,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Nautilus by 864.4% in the fourth quarter. Millennium Management LLC now owns 421,035 shares of the specialty retailer’s stock worth $4,589,000 after buying an additional 377,377 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Nautilus in the fourth quarter worth about $93,000. Metropolitan Life Insurance Co. NY raised its stake in Nautilus by 361.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,526 shares of the specialty retailer’s stock worth $115,000 after buying an additional 8,247 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in Nautilus by 2,793.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 314,902 shares of the specialty retailer’s stock worth $3,432,000 after buying an additional 304,019 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Nautilus by 140.4% in the fourth quarter. Bank of America Corp DE now owns 29,945 shares of the specialty retailer’s stock worth $326,000 after buying an additional 17,489 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

Shares of NLS opened at $5.63 on Tuesday. The stock has a market capitalization of $166.00 million, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.67. Nautilus, Inc. has a fifty-two week low of $5.31 and a fifty-two week high of $17.20.

Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, February 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Nautilus had a net margin of 3.69% and a return on equity of 8.15%. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $114.71 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, equities analysts predict that Nautilus, Inc. will post 0.31 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. Craig Hallum downgraded shares of Nautilus from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Tuesday, February 26th. ValuEngine upgraded shares of Nautilus from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Lake Street Capital cut their price objective on shares of Nautilus to $8.00 and set a “hold” rating on the stock in a report on Tuesday, February 26th. Finally, Imperial Capital cut their price objective on shares of Nautilus from $7.00 to $6.00 and set an “in-line” rating on the stock in a report on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.88.

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Nautilus Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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