Hedge Funds Are Selling Neustar Inc (NSR)

Seeing as Neustar Inc (NYSE:NSR) has witnessed bearish sentiment from hedge fund managers, logic holds that there was a specific group of fund managers that decided to sell off their positions entirely heading into Q4. At the top of the heap, Bruce Kovner’s Caxton Associates LP said goodbye to the largest investment of all the hedgies watched by Insider Monkey, worth an estimated $5.6 million in stock, and John Overdeck and David Siegel’s Two Sigma Advisors was right behind this move, as the fund said goodbye to about $2.8 million worth of shares. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds heading into Q4.

Let’s go over hedge fund activity in other stocks similar to Neustar Inc (NYSE:NSR). These stocks are International Speedway Corporation (NASDAQ:ISCA), Insulet Corporation (NASDAQ:PODD), Carpenter Technology Corporation (NYSE:CRS), and Cardtronics, Inc. (NASDAQ:CATM). All of these stocks’ market caps resemble NSR’s market cap.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $192 million. That figure was $135 million in NSR’s case. Insulet Corporation (NASDAQ:PODD) is the most popular stock in this table with a total of 18 funds owning shares as of September 30. On the other hand International Speedway Corporation (NASDAQ:ISCA) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Neustar Inc (NYSE:NSR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.