BB&T Securities LLC cut its stake in Nielsen Holdings PLC (NYSE:NLSN) by 71.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,113 shares of the business services provider’s stock after selling 278,968 shares during the quarter. BB&T Securities LLC’s holdings in Nielsen were worth $2,545,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NLSN. ETF Managers Group LLC increased its position in Nielsen by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,100 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 558 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Nielsen by 175.8% during the third quarter. Advisors Asset Management Inc. now owns 6,104 shares of the business services provider’s stock worth $169,000 after acquiring an additional 3,891 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Nielsen by 112.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,150 shares of the business services provider’s stock worth $170,000 after purchasing an additional 3,250 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Nielsen during the 3rd quarter valued at approximately $187,000. Finally, First Mercantile Trust Co. purchased a new stake in Nielsen in the 3rd quarter worth approximately $189,000.
Several brokerages recently commented on NLSN. ValuEngine downgraded shares of Nielsen from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Morgan Stanley set a $26.00 price objective on shares of Nielsen and gave the company a “buy” rating in a report on Tuesday, January 8th. Credit Suisse Group initiated coverage on Nielsen in a research note on Friday, December 7th. They issued a “neutral” rating and a $29.00 price objective for the company. SunTrust Banks lowered their target price on Nielsen from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Zacks Investment Research restated a “hold” rating on shares of Nielsen in a research report on Monday, December 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.
Shares of NLSN stock opened at $26.05 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.09 and a beta of 0.95. Nielsen Holdings PLC has a fifty-two week low of $20.53 and a fifty-two week high of $34.86.
In related news, SVP Jeffrey Charlton sold 6,337 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $27.46, for a total transaction of $174,014.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by insiders.
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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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