NEW YORK (TheStreet) -- Nielsen Holdings (NLSN) shares are falling 1.3% to $43.20 in trading on Thursday after a financial filing showed that the information and data collection company's chairman sold 30,000 shares of the company's stock.
Company Chairman Arvin Kash sold the shares at an average price of $43.46, netting him $1,303,800 in the sale. Kash still owns 47,000 shares of the company, a stake valued at about $1,828,536.
Separately, the company announced an underwritten secondary offering of 20 million shares with Citigroup acting as the underwriter for the offering. The company will also offer an additional 3 million shares to Citigroup.
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TheStreet Ratings team rates NIELSEN HOLDINGS NV as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NIELSEN HOLDINGS NV (NLSN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."