Rice Hall James & Associates LLC Sells 36,969 Shares of NeuStar Inc. (NSR)
Rice Hall James & Associates LLC reduced its position in shares of NeuStar Inc. (NYSE:NSR) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 219,319 shares of the company’s stock after selling 36,969 shares during the period. Rice Hall James & Associates LLC’s holdings in NeuStar were worth $5,156,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in NSR. Sterneck Capital Management LLC bought a new position in NeuStar during the first quarter worth approximately $200,000. Parametrica Management Ltd acquired a new stake in shares of NeuStar during the second quarter worth $220,000. Acrospire Investment Management LLC acquired a new stake in shares of NeuStar during the first quarter worth $273,000. Scotia Capital Inc. boosted its stake in shares of NeuStar by 29.8% in the first quarter. Scotia Capital Inc. now owns 11,589 shares of the company’s stock worth $285,000 after buying an additional 2,664 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of NeuStar by 4.7% in the second quarter. Eqis Capital Management Inc. now owns 14,612 shares of the company’s stock worth $344,000 after buying an additional 661 shares in the last quarter.
NeuStar Inc. (NYSE:NSR) traded down 0.61% during mid-day trading on Wednesday, hitting $25.97. 439,482 shares of the stock traded hands. NeuStar Inc. has a 1-year low of $20.00 and a 1-year high of $30.11. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 9.31 and a beta of 1.46. The stock has a 50-day moving average of $25.60 and a 200 day moving average of $24.54.
NeuStar (NYSE:NSR) last posted its earnings results on Thursday, July 28th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. NeuStar had a net margin of 13.64% and a return on equity of 33.76%. The business had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $297.37 million. During the same period in the previous year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts expect that NeuStar Inc. will post $5.21 EPS for the current year.
A number of analysts recently weighed in on NSR shares. Zacks Investment Research upgraded shares of NeuStar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $30.00 price target on shares of NeuStar in a research note on Friday, July 29th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of NeuStar in a research note on Tuesday, June 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NeuStar presently has a consensus rating of “Hold” and a consensus target price of $29.00.
In other news, SVP Henry Skorny sold 24,677 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $23.44, for a total transaction of $578,428.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.91% of the company’s stock.
NeuStar Company Profile
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