Clarkston Capital Partners LLC Has $152.44 Million Stake in Nielsen Holdings PLC (NLSN)
Clarkston Capital Partners LLC grew its holdings in Nielsen Holdings PLC (NYSE:NLSN) by 89.7% in the third quarter, HoldingsChannel reports. The firm owned 5,511,355 shares of the business services provider’s stock after purchasing an additional 2,606,195 shares during the period. Nielsen comprises approximately 5.6% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 3rd largest position. Clarkston Capital Partners LLC’s holdings in Nielsen were worth $152,444,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in shares of Nielsen by 106.9% in the third quarter. Aperio Group LLC now owns 176,854 shares of the business services provider’s stock valued at $4,892,000 after purchasing an additional 91,374 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Nielsen by 25.1% during the third quarter. Nisa Investment Advisors LLC now owns 33,400 shares of the business services provider’s stock worth $924,000 after acquiring an additional 6,700 shares in the last quarter. Addenda Capital Inc. raised its holdings in shares of Nielsen by 12.4% during the third quarter. Addenda Capital Inc. now owns 127,597 shares of the business services provider’s stock worth $3,435,000 after acquiring an additional 14,103 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Nielsen during the third quarter worth $281,000. Finally, Bank of Montreal Can raised its holdings in shares of Nielsen by 9.5% during the third quarter. Bank of Montreal Can now owns 690,320 shares of the business services provider’s stock worth $19,094,000 after acquiring an additional 59,914 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.
Several analysts recently issued reports on the company. Goldman Sachs Group lowered Nielsen from a “neutral” rating to a “sell” rating in a report on Monday, July 2nd. Morgan Stanley cut their price objective on Nielsen from $40.00 to $38.00 and set a “$30.76” rating for the company in a report on Wednesday, July 18th. Zacks Investment Research upgraded Nielsen from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 25th. Citigroup cut their price objective on Nielsen from $41.00 to $29.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, Pivotal Research lowered Nielsen from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.77.
Nielsen (NYSE:NLSN) last posted its earnings results on Thursday, July 26th. The business services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.39). Nielsen had a net margin of 5.57% and a return on equity of 15.28%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business earned $0.37 earnings per share. Nielsen’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Nielsen Holdings PLC will post 1.98 EPS for the current year.
Nielsen Company Profile
Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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