Neustar Inc (NYSE:NSR) was in 13 hedge funds’ portfolio at the end of the fourth quarter of 2012. NSR investors should pay attention to an increase in hedge fund sentiment recently. There were 12 hedge funds in our database with NSR positions at the end of the previous quarter. Plus, we’ll see how it stacks up against key peer Research In Motion Ltd (NASDAQ:BBRY).
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Now, it’s important to take a gander at the key action regarding Neustar Inc (NYSE:NSR).
What have hedge funds been doing with Neustar Inc (NYSE:NSR)?
At year’s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of 8% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes meaningfully.
Of the funds we track, Renaissance Technologies, managed by Jim Simons, holds the most valuable position in Neustar Inc (NYSE:NSR). Renaissance Technologies has a $75 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Edward Goodnow of Goodnow Investment Group, with a $32 million position; 0.9% of its 13F portfolio is allocated to the stock. Some other hedgies with similar optimism include D. E. Shaw’s D E Shaw, Brian Ashford-Russell and Tim Woolley’s Polar Capital and Israel Englander’s Millennium Management.
Consequently, specific money managers were leading the bulls’ herd. Platinum Management, managed by Mark A. Nordlicht, initiated the biggest position in Neustar Inc (NYSE:NSR). Platinum Management had 1 million invested in the company at the end of the quarter. Steven Cohen’s SAC Capital Advisors also made a $1 million investment in the stock during the quarter. The other funds with new positions in the stock are Neil Chriss’s Hutchin Hill Capital and Ken Griffin’s Citadel Investment Group.
How are insiders trading Neustar Inc (NYSE:NSR)?
Insider purchases made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the latest half-year time frame, Neustar Inc (NYSE:NSR) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Cogent Communications Group, Inc. (NASDAQ:CCOI)||13||0||7|
|Research In Motion Ltd (NASDAQ:BBRY)||0||0|
|Level 3 Communications, Inc. (NYSE:LVLT)||16||0||12|
With the results demonstrated by Insider Monkey’s tactics, retail investors must always watch hedge fund and insider trading sentiment, and Neustar Inc (NYSE:NSR) applies perfectly to this mantra.
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