Invesco Discloses 5.0% Passive Stake in Nu Skin Enterprises

Ticker: NUS · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, insider-activity

TL;DR

**Invesco just bought 5% of Nu Skin, signaling institutional confidence.**

AI Summary

Invesco Ltd., a major investment advisor, reported owning 5.0% of Nu Skin Enterprises Inc.'s common stock as of December 29, 2023. This filing, an SC 13G, indicates Invesco holds 2,447,210 shares, signifying a significant passive investment in the beauty and wellness company. This matters to investors because a large, reputable institutional investor like Invesco taking a 5% stake can signal confidence in Nu Skin's future, potentially attracting other investors and influencing stock price positively.

Why It Matters

This filing reveals a significant institutional investor's confidence in Nu Skin, which could be a positive signal for the stock's valuation and future performance.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces rather than increases risk for existing shareholders.

Analyst Insight

A smart investor would view Invesco's 5.0% passive stake as a vote of confidence, potentially signaling underlying value in Nu Skin Enterprises Inc., and might consider further research into the company's fundamentals.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of an SC 13G filing?

An SC 13G filing is used by institutional investors who acquire more than 5% of a company's stock but intend to hold it passively, meaning they are not seeking to influence or control the company's management or policies. In this case, Invesco Ltd. filed an SC 13G for its 5.0% stake in Nu Skin Enterprises Inc.

Who is the 'subject company' in this SC 13G filing?

The subject company is Nu Skin Enterprises Inc., identified by its CIK 0001021561 and business address at 75 West Center St, Provo, UT. This is the company whose shares Invesco Ltd. has acquired.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as explicitly stated in the filing. This is the date when Invesco Ltd.'s beneficial ownership crossed the 5% threshold or changed significantly enough to warrant the filing.

What rule under the Securities Exchange Act of 1934 was this Schedule 13G filed under?

This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox. This rule is typically used by qualified institutional investors who acquire shares in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.

What is the CUSIP number for Nu Skin Enterprises Inc. common stock?

The CUSIP number for Nu Skin Enterprises Inc. common stock is 67018T105, as listed in the filing under 'Title of Class of Securities'.

From the Filing

0000914208-24-000125.txt : 20240209 0000914208-24-000125.hdr.sgml : 20240209 20240209121832 ACCESSION NUMBER: 0000914208-24-000125 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NU SKIN ENTERPRISES, INC. CENTRAL INDEX KEY: 0001021561 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 870565309 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49939 FILM NUMBER: 24613468 BUSINESS ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 BUSINESS PHONE: 801-345-1000 MAIL ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ENTERPRISES INC DATE OF NAME CHANGE: 19980909 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ASIA PACIFIC INC DATE OF NAME CHANGE: 19960919 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Ltd. CENTRAL INDEX KEY: 0000914208 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 980557567 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1331 SPRING STREET NW STREET 2: SUITE 2500 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 404-892-0896 MAIL ADDRESS: STREET 1: 1331 SPRING STREET NW STREET 2: SUITE 2500 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Asset Management Deutschland GMBH DATE OF NAME CHANGE: 20211102 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Ltd. DATE OF NAME CHANGE: 20080520 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Ltd DATE OF NAME CHANGE: 20080508 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Nu Skin Enterprises Inc (Name of Issuer) Common Stock (Title of Class of Securities) 67018T105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 67018T105 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,839,230 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,856,897 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,856,897 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.8% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Nu Skin Enterprises Inc (b) Address of Issuer's Principal Executive Offices 75 West Center Street, Provo, UT 84601 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring S

View on Read The Filing