Punch Associates Investment Management buys $14,676,090 stake in Nautilus (NLS)

Nautilus (NLS) : Punch Associates Investment Management scooped up 1,310 additional shares in Nautilus during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 800,223 shares of Nautilus which is valued at $14,676,090.Nautilus makes up approximately 1.64% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in NLS by selling 19,840 shares or 12.04% in the most recent quarter. The Hedge Fund company now holds 144,998 shares of NLS which is valued at $2,717,263. Nautilus makes up approx 0.01% of Fisher Asset Management’s portfolio.Creative Planning boosted its stake in NLS in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 302 shares of Nautilus which is valued at $5,659.Cutler Group Lp reduced its stake in NLS by selling 3,875 shares or 74.88% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of NLS which is valued at $24,362. Bnp Paribas Arbitrage Sa added NLS to its portfolio by purchasing 1,209 company shares during the most recent quarter which is valued at $22,765.

Nautilus closed down -0.14 points or -0.76% at $18.34 with 2,03,507 shares getting traded on Monday. Post opening the session at $18.48, the shares hit an intraday low of $18.28 and an intraday high of $18.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Nautilus reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.35. The company had revenue of $120.90 million for the quarter, compared to analysts expectations of $118.50 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Nautilus. Imperial Capital Initiated Nautilus on Jul 6, 2016 to “Outperform”, Price Target of the shares are set at $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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