Is Nu Skin Enterprises, Inc. (NUS) A Good Stock To Buy Right Now?

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, established the largest position in Nu Skin Enterprises, Inc. (NYSE:NUS). The fund reportedly had $13.1 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $5.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Jim Simons’s Renaissance Technologies, and David Costen Haley’s HBK Investments.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Nu Skin Enterprises, Inc. (NYSE:NUS) but similarly valued. We will take a look at Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP), WPX Energy Inc (NYSE:WPX), Associated Banc Corp (NYSE:ASB), and EnerSys (NYSE:ENS). This group of stocks’ market caps are closest to NUS’s market cap.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $302 million. That figure was $213 million in NUS’s case. WPX Energy Inc (NYSE:WPX) is the most popular stock in this table. On the other hand Associated Banc Corp (NYSE:ASB) is the least popular one with only 12 bullish hedge fund positions. Nu Skin Enterprises, Inc. (NYSE:NUS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard WPX might be a better candidate to consider a long position.

Disclosure: none.