Emerald Acquisition Ltd. Takes Position in NeuStar Inc. (NSR)
Emerald Acquisition Ltd. purchased a new position in NeuStar Inc. (NYSE:NSR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,512 shares of the company’s stock, valued at approximately $694,000. Emerald Acquisition Ltd. owned 0.11% of NeuStar as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Rothschild Asset Management Inc. boosted its stake in NeuStar by 13.7% in the second quarter. Rothschild Asset Management Inc. now owns 935,416 shares of the company’s stock worth $21,992,000 after buying an additional 112,561 shares during the period. Mutual of America Capital Management LLC boosted its stake in NeuStar by 8.9% in the second quarter. Mutual of America Capital Management LLC now owns 42,504 shares of the company’s stock worth $999,000 after buying an additional 3,483 shares during the period. State Treasurer State of Michigan boosted its stake in NeuStar by 4.3% in the second quarter. State Treasurer State of Michigan now owns 21,860 shares of the company’s stock worth $514,000 after buying an additional 900 shares during the period. Suntrust Banks Inc. boosted its stake in NeuStar by 1.6% in the second quarter. Suntrust Banks Inc. now owns 8,620 shares of the company’s stock worth $202,000 after buying an additional 136 shares during the period. Finally, Societe Generale purchased a new stake in NeuStar during the second quarter worth approximately $632,000.
Shares of NeuStar Inc. (NYSE:NSR) traded down 0.50% during trading on Friday, reaching $25.66. The company had a trading volume of 275,709 shares. The stock has a 50 day moving average of $26.05 and a 200 day moving average of $24.52. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.20 and a beta of 1.46. NeuStar Inc. has a 52-week low of $20.00 and a 52-week high of $30.11.
NeuStar (NYSE:NSR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The company earned $297.60 million during the quarter, compared to analysts’ expectations of $297.37 million. NeuStar had a net margin of 13.64% and a return on equity of 33.76%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. Equities research analysts forecast that NeuStar Inc. will post $5.21 EPS for the current year.
A number of analysts have recently commented on the company. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of NeuStar in a research report on Tuesday, June 21st. Deutsche Bank AG restated a “hold” rating and issued a $30.00 price target on shares of NeuStar in a research report on Friday, July 29th. Finally, Zacks Investment Research cut NeuStar from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $29.00.
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