Shell Asset Management Co. lowered its stake in shares of NeuStar Inc. (NYSE:NSR) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,756 shares of the company’s stock after selling 2,046 shares during the period. Shell Asset Management Co.’s holdings in NeuStar were worth $1,287,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of NSR. Old Mutual Global Investors UK Ltd. raised its position in NeuStar by 117.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 463,033 shares of the company’s stock valued at $10,885,000 after buying an additional 249,746 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of NeuStar by 10.7% in the second quarter. Van Berkom & Associates Inc. now owns 2,446,385 shares of the company’s stock worth $57,515,000 after buying an additional 236,447 shares during the period. Steinberg Asset Management LLC increased its position in shares of NeuStar by 14.6% in the first quarter. Steinberg Asset Management LLC now owns 1,201,827 shares of the company’s stock worth $29,565,000 after buying an additional 153,182 shares during the period. Panagora Asset Management Inc. increased its position in shares of NeuStar by 26.8% in the first quarter. Panagora Asset Management Inc. now owns 513,370 shares of the company’s stock worth $12,629,000 after buying an additional 108,581 shares during the period. Finally, Barclays PLC increased its position in shares of NeuStar by 333.1% in the first quarter. Barclays PLC now owns 137,932 shares of the company’s stock worth $3,311,000 after buying an additional 106,084 shares during the period.
NeuStar Inc. (NYSE:NSR) traded down 0.11% during mid-day trading on Friday, hitting $26.59. The stock had a trading volume of 362,969 shares. The stock’s 50-day moving average is $25.49 and its 200 day moving average is $24.58. The company has a market capitalization of $1.45 billion, a P/E ratio of 9.53 and a beta of 1.32. NeuStar Inc. has a 52 week low of $20.00 and a 52 week high of $30.11.
NeuStar (NYSE:NSR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The business had revenue of $297.60 million for the quarter, compared to the consensus estimate of $297.37 million. NeuStar had a return on equity of 33.76% and a net margin of 13.64%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. Equities analysts forecast that NeuStar Inc. will post $5.21 earnings per share for the current fiscal year.
A number of research analysts have commented on NSR shares. Zacks Investment Research upgraded NeuStar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, August 3rd. Deutsche Bank AG restated a “hold” rating and issued a $30.00 target price on shares of NeuStar in a research note on Friday, July 29th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of NeuStar in a research note on Tuesday, June 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.00.
In related news, SVP Henry Skorny sold 24,677 shares of the firm’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $23.44, for a total transaction of $578,428.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.91% of the company’s stock.
NeuStar Company Profile
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