Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in Nielsen Holdings PLC (NYSE:NLSN)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Nielsen Holdings PLC (NYSE:NLSN) by 38.4% during the third quarter, Holdings Channel.com reports. The firm owned 235,967 shares of the business services provider’s stock after selling 147,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nielsen were worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Capital Group LLC lifted its position in shares of Nielsen by 2,265.9% during the 2nd quarter. Private Capital Group LLC now owns 970 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 929 shares during the period. Bessemer Group Inc. lifted its position in shares of Nielsen by 675.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,961 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,708 shares during the period. CSat Investment Advisory L.P. lifted its position in shares of Nielsen by 66.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,998 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 798 shares during the period. NuWave Investment Management LLC lifted its position in shares of Nielsen by 2,320.6% during the 2nd quarter. NuWave Investment Management LLC now owns 3,413 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 3,272 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Nielsen during the 2nd quarter valued at approximately $163,000. 96.25% of the stock is currently owned by institutional investors.

Shares of Nielsen stock traded down $0.26 during trading on Thursday, hitting $21.15. 141,143 shares of the company were exchanged, compared to its average volume of 2,606,965. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.90. Nielsen Holdings PLC has a fifty-two week low of $19.86 and a fifty-two week high of $28.50. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.05 and a beta of 0.92. The firm has a 50 day moving average price of $21.37 and a 200 day moving average price of $22.80.

Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Nielsen had a positive return on equity of 18.97% and a negative net margin of 10.70%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.20 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Nielsen Holdings PLC will post 1.69 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Citigroup set a $28.00 price target on shares of Nielsen and gave the company a “buy” rating in a research report on Friday, August 16th. Morgan Stanley reduced their price target on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.33.

Nielsen Profile

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.

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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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