Do Hedge Funds Love Nu Skin Enterprises, Inc. (NUS)?

Consequently, key money managers were leading the bulls’ herd. Hutchin Hill Capital, managed by Neil Chriss, initiated the most outsized position in Nu Skin Enterprises, Inc. (NYSE:NUS). Hutchin Hill Capital had $6.6 million invested in the company at the end of the quarter. Jeffrey Altman’s Owl Creek Asset Management also made a $5.3 million investment in the stock during the quarter. The other funds with brand new NUS positions are Dmitry Balyasny’s Balyasny Asset Management, David Costen Haley’s HBK Investments, and Ray Carroll’s Breton Hill Capital.

Let’s now review hedge fund activity in other stocks similar to Nu Skin Enterprises, Inc. (NYSE:NUS). We will take a look at Big Lots, Inc. (NYSE:BIG), CLARCOR Inc. (NYSE:CLC), Prestige Brands Holdings, Inc. (NYSE:PBH), and Snyder S Lance Inc (NASDAQ:LNCE). This group of stocks’ market values resemble NUS’s market value.

As you can see these stocks had an average of 14.25 hedge funds with bullish positions and the average amount invested in these stocks was $176 million. That figure was $176 million in NUS’s case. Big Lots, Inc. (NYSE:BIG) is the most popular stock in this table. On the other hand Prestige Brands Holdings, Inc. (NYSE:PBH) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Nu Skin Enterprises, Inc. (NYSE:NUS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.