Seven Grand Managers LLC lowered its stake in NIQ Global Intelligence plc (NYSE:NIQ – Free Report) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 300,000 shares of the company’s stock after selling 300,000 shares during the quarter. Seven Grand Managers LLC’s holdings in NIQ Global Intelligence were worth $4,947,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC bought a new stake in shares of NIQ Global Intelligence in the 3rd quarter valued at $26,000. BNP Paribas Financial Markets acquired a new stake in NIQ Global Intelligence in the 3rd quarter valued at $44,000. Amalgamated Bank acquired a new stake in NIQ Global Intelligence in the 3rd quarter valued at $49,000. State of Wyoming acquired a new stake in NIQ Global Intelligence in the 3rd quarter valued at $55,000. Finally, Legal & General Group Plc acquired a new stake in NIQ Global Intelligence in the 3rd quarter valued at $76,000.
NIQ Global Intelligence Price Performance
NIQ opened at $8.46 on Thursday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $2.50 billion and a price-to-earnings ratio of -6.71. The firm’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $13.18. NIQ Global Intelligence plc has a 1 year low of $8.05 and a 1 year high of $20.39.
Wall Street Analyst Weigh In
Several research firms recently issued reports on NIQ. Needham & Company LLC reduced their price target on shares of NIQ Global Intelligence from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 15th. BMO Capital Markets reduced their price target on shares of NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. UBS Group reduced their price target on shares of NIQ Global Intelligence from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company reduced their price target on shares of NIQ Global Intelligence from $18.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, Citigroup reduced their price target on shares of NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NIQ Global Intelligence presently has an average rating of “Moderate Buy” and an average price target of $17.58.
Check Out Our Latest Stock Analysis on NIQ Global Intelligence
Insider Transactions at NIQ Global Intelligence
In other news, insider James M. Peck acquired 118,625 shares of the business’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $8.43 per share, with a total value of $1,000,008.75. Following the acquisition, the insider directly owned 424,683 shares of the company’s stock, valued at $3,580,077.69. The trade was a 38.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
About NIQ Global Intelligence
Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.
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