North Run Capital LP bought a new stake in shares of Nielsen Holdings PLC (NYSE:NLSN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,737 shares of the business services provider’s stock, valued at approximately $1,693,000. Nielsen accounts for about 0.9% of North Run Capital LP’s investment portfolio, making the stock its 19th biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Nielsen during the 2nd quarter worth approximately $537,000. Royal Bank of Canada grew its position in shares of Nielsen by 12.7% during the 1st quarter. Royal Bank of Canada now owns 259,803 shares of the business services provider’s stock worth $8,260,000 after buying an additional 29,213 shares during the period. First Manhattan Co. acquired a new stake in shares of Nielsen during the 2nd quarter worth approximately $503,000. FMR LLC grew its position in shares of Nielsen by 135.2% during the 2nd quarter. FMR LLC now owns 21,740,698 shares of the business services provider’s stock worth $672,439,000 after buying an additional 12,496,283 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Nielsen during the 2nd quarter worth approximately $1,665,000. 95.56% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:NLSN opened at $26.37 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.19 and a debt-to-equity ratio of 1.96. Nielsen Holdings PLC has a 1-year low of $20.53 and a 1-year high of $42.15. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.39 and a beta of 0.96.
Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Thursday, July 26th. The business services provider reported $0.20 earnings per share for the quarter, missing the 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 posted $0.37 earnings per share. Nielsen’s revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Nielsen Holdings PLC will post 1.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Wednesday, August 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Tuesday, August 21st. Nielsen’s dividend payout ratio (DPR) is presently 66.35%.
A number of equities analysts recently issued reports on NLSN shares. Zacks Investment Research cut Nielsen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 31st. Pivotal Research cut their target price on Nielsen from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Morgan Stanley set a $26.00 target price on Nielsen and gave the stock a “buy” rating in a report on Tuesday, August 14th. Robert W. Baird increased their target price on Nielsen from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Finally, Citigroup cut their target price on Nielsen from $41.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Nielsen currently has a consensus rating of “Hold” and an average price target of $30.69.
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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