Punch Associates Investment Management Lowers stake in Nautilus (NLS)

Nautilus (NLS) : Punch Associates Investment Management reduced its stake in Nautilus by 3.29% during the most recent quarter end. The investment management company now holds a total of 798,913 shares of Nautilus which is valued at $14,092,825 after selling 27,211 shares in Nautilus , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Nautilus makes up approximately 1.69% of Punch Associates Investment Management’s portfolio.

Nautilus opened for trading at $17.76 and hit $18.02 on the upside on Monday, eventually ending the session at $17.88, with a gain of 1.36% or 0.24 points. The heightened volatility saw the trading volume jump to 2,00,714 shares. Company has a market cap of $554 M.

Other Hedge Funds, Including , Moody Aldrich Partners added NLS to its portfolio by purchasing 27,880 company shares during the most recent quarter which is valued at $491,803. Nautilus makes up approx 1.04% of Moody Aldrich Partners’s portfolio. Strs Ohio sold out all of its stake in NLS during the most recent quarter. The investment firm sold 41,600 shares of NLS which is valued $771,680.Boston Advisors reduced its stake in NLS by selling 162,512 shares or 30.73% in the most recent quarter. The Hedge Fund company now holds 366,314 shares of NLS which is valued at $6,795,125. Nautilus makes up approx 0.17% of Boston Advisors’s portfolio. Simplex Trading added NLS to its portfolio by purchasing 8,743 company shares during the most recent quarter which is valued at $158,598. Nautilus makes up approx 0.02% of Simplex Trading’s portfolio.

On the company’s financial health, Nautilus reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $0.38. The company had revenue of $109.10 million for the quarter, compared to analysts expectations of $109.10 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Nautilus. Nautilus was Initiated by Sun Trust Rbsn Humphrey to “Buy” on Mar 11, 2016.

Nautilus Inc. is a consumer fitness products company. The Company’s principal business activities include designing developing sourcing and marketing cardio and strength fitness products and related accessories for consumer use primarily in the United States and Canada. The Company operates through two business segments: Direct and Retail. Its Direct business markets and sells its products principally Bowflex cardio and strength products directly to consumers. It is a direct marketer of strength products in the United States and also sells cardio products especially the Bowflex TreadClimber and Bowflex Max Trainer. In its Retail business the Company markets and sells a line of consumer fitness equipment under the Nautilus Schwinn Universal and Bowflex brands. The Company’s products are marketed through retail companies consisting of sporting goods stores Internet retailers large-format and warehouse stores smaller specialty retailers and independent bike dealers.

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