Vanguard Trims Nu Skin Stake to 8.0% as of Dec 29, 2023

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

Sentiment: mixed

Topics: institutional-ownership, amendment, portfolio-rebalancing

TL;DR

**Vanguard cut its Nu Skin stake to 8.0%, watch for potential stock movement.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Nu Skin Enterprises, Inc. Class A Common Stock. As of December 29, 2023, Vanguard reported beneficial ownership of 4,000,000 shares, representing 8.0% of the company's outstanding shares. This filing indicates a slight decrease in Vanguard's stake from a previous filing, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment for Nu Skin stock.

Why It Matters

When a large institutional investor like Vanguard adjusts its holdings, it can influence other investors' perceptions and potentially impact the stock price of Nu Skin Enterprises.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a high risk, though changes in ownership can influence market sentiment.

Analyst Insight

An investor might consider researching the reasons behind Vanguard's slight reduction in ownership and monitor Nu Skin's stock performance and news for any related developments before making investment decisions.

Key Numbers

4,000,000 — Shares Beneficially Owned (Represents Vanguard's total holding in Nu Skin Enterprises Class A Common Stock.)
8.0% — Percentage of Class A Shares (Indicates Vanguard's significant, but slightly reduced, ownership stake in Nu Skin.)

Key Players & Entities

The Vanguard Group (company) — reporting person, institutional investor
Nu Skin Enterprises, Inc. (company) — issuer of the securities
4,000,000 (dollar_amount) — number of shares beneficially owned by Vanguard
8.0% (dollar_amount) — percentage of Nu Skin's Class A Common Stock owned by Vanguard
December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

Nu Skin's stock price may experience short-term volatility as investors react to Vanguard's reduced stake. (Nu Skin Enterprises, Inc.) — medium confidence, target: Within 1-2 weeks
Other institutional investors might re-evaluate their positions in Nu Skin following Vanguard's adjustment. (Institutional Investors) — low confidence, target: Within 1 month

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment to a Schedule 13G, indicating that The Vanguard Group is updating its beneficial ownership disclosure for Nu Skin Enterprises, Inc. Class A Common Stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

Which company is the subject of this filing?

The subject company of this filing is Nu Skin Enterprises, Inc., specifically its Class A Common Stock, with CUSIP Number 67018T105.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified by I.R.S. Identification No. 23-1945930, located at PO Box 2600, Valley Forge, PA 19482-2600.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023.

What percentage of Nu Skin's Class A Common Stock does Vanguard beneficially own, according to this filing?

According to this filing, The Vanguard Group beneficially owns 8.0% of Nu Skin Enterprises, Inc. Class A Common Stock, based on the information as of December 29, 2023.

From the Filing

0001104659-24-021587.txt : 20240213 0001104659-24-021587.hdr.sgml : 20240213 20240213170951 ACCESSION NUMBER: 0001104659-24-021587 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49939 FILM NUMBER: 24629130 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01576-nuskinenterprisesinc.htm SCHEDULE 13G/A nuskinenterprisesincclassa SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer:  Nu Skin Enterprises, Inc. Class A Title of Class of Securities:  Common Stock CUSIP Number:  67018T105 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 ("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). (Continued on the following page(s))     13G CUSIP No.:  67018T105 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 41,347 7.  SOLE DISPOSITIVE POWER 6,119,853 8.  SHARED DISPOSITIVE POWER 95,298 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,215,151 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.58% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Nu Skin Enterprises, Inc. Class A Item 1(b) - Address of Issuer's Principal Executive Offices: 75 West Center Street Provo, UT 84601-4432 Item 2(a) - Name of Person Filing: The