JPMorgan Chase & Co. increased its stake in NeuStar Inc. (NYSE:NSR) by 35.8% during the second quarter, Holdings Channel reports. The firm owned 175,903 shares of the company’s stock after buying an additional 46,332 shares during the period. JPMorgan Chase & Co. owned about 0.32% of NeuStar worth $4,135,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in NeuStar by 95.0% in the second quarter. Huntington National Bank now owns 4,534 shares of the company’s stock valued at $107,000 after buying an additional 2,209 shares during the period. Sterneck Capital Management LLC acquired a new stake in NeuStar during the first quarter valued at $200,000. Suntrust Banks Inc. raised its stake in NeuStar by 1.6% in the second quarter. Suntrust Banks Inc. now owns 8,620 shares of the company’s stock valued at $202,000 after buying an additional 136 shares during the period. Parametrica Management Ltd acquired a new stake in NeuStar during the second quarter valued at $220,000. Finally, Scotia Capital Inc. raised its stake in NeuStar by 29.8% in the first quarter. Scotia Capital Inc. now owns 11,589 shares of the company’s stock valued at $285,000 after buying an additional 2,664 shares during the period.
Shares of NeuStar Inc. (NYSE:NSR) traded down 0.50% during trading on Friday, hitting $25.66. The stock had a trading volume of 275,709 shares. NeuStar Inc. has a 52 week low of $20.00 and a 52 week high of $30.11. The company has a market capitalization of $1.40 billion, a PE ratio of 9.20 and a beta of 1.46. The firm has a 50-day moving average price of $26.05 and a 200 day moving average price of $24.52.
NeuStar (NYSE:NSR) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. NeuStar had a return on equity of 33.76% and a net margin of 13.64%. The company had revenue of $297.60 million for the quarter, compared to analyst estimates of $297.37 million. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that NeuStar Inc. will post $5.21 earnings per share for the current year.
A number of analysts have recently commented on the company. Zacks Investment Research raised NeuStar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 3rd. Deutsche Bank AG reissued 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. reissued a “hold” rating on shares of NeuStar in a research note on Tuesday, June 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.
NeuStar Company Profile
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