First Mercantile Trust Co buys $436,086 stake in Nautilus (NLS)

Nautilus (NLS) : First Mercantile Trust Co scooped up 5,641 additional shares in Nautilus during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 20,766 shares of Nautilus which is valued at $436,086.Nautilus makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in NLS in the latest quarter, The investment management firm added 3,063 additional shares and now holds a total of 4,272 shares of Nautilus which is valued at $91,677.

Nautilus closed down -0.49 points or -2.28% at $21 with 12,65,880 shares getting traded on Friday. Post opening the session at $21.54, the shares hit an intraday low of $20.7 and an intraday high of $21.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Nautilus reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.09. The company had revenue of $78.50 million for the quarter, compared to analysts expectations of $77.78 million. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Nautilus. Company shares were Reiterated by Wunderlich on Sep 28, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $24 .Imperial Capital Downgraded Nautilus on Sep 19, 2016 to ” In-line”, Price Target of the shares are set at $26.Company shares were Reiterated by Imperial Capital on Aug 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .

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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