Renaissance Technologies LLC Acquires 63,000 Shares of Neustar Inc (NSR)
Renaissance Technologies LLC boosted its stake in Neustar Inc (NYSE:NSR) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 337,400 shares of the company’s stock after buying an additional 63,000 shares during the period. Renaissance Technologies LLC’s holdings in Neustar were worth $11,269,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elkfork Partners LLC bought a new position in Neustar during the fourth quarter valued at about $112,000. US Bancorp DE raised its position in Neustar by 87.1% in the third quarter. US Bancorp DE now owns 6,695 shares of the company’s stock valued at $178,000 after buying an additional 3,116 shares in the last quarter. KBC Group NV raised its position in Neustar by 62.2% in the third quarter. KBC Group NV now owns 7,515 shares of the company’s stock valued at $200,000 after buying an additional 2,882 shares in the last quarter. Gideon Capital Advisors Inc. bought a new position in Neustar during the fourth quarter valued at about $286,000. Finally, Nine Chapters Capital Management LLC bought a new position in Neustar during the third quarter valued at about $330,000.
Shares of Neustar Inc (NYSE:NSR) opened at 33.05 on Tuesday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.87 and a beta of 1.39. The stock has a 50 day moving average price of $33.35 and a 200-day moving average price of $29.01. Neustar Inc has a 52 week low of $21.10 and a 52 week high of $34.40.
Neustar (NYSE:NSR) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.01. The firm earned $324.90 million during the quarter, compared to the consensus estimate of $325.98 million. Neustar had a net margin of 13.94% and a return on equity of 35.68%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 earnings per share. On average, equities research analysts forecast that Neustar Inc will post $5.33 earnings per share for the current year.
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Several research analysts have issued reports on NSR shares. William Blair lowered Neustar from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 15th. Zacks Investment Research upgraded Neustar from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, December 29th. Finally, Barclays PLC raised their target price on Neustar from $25.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $32.00.
In related news, SVP Henry Skorny sold 12,085 shares of the business’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $33.42, for a total value of $403,880.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.91% of the company’s stock.
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