As Nexstar Media Group INC (NXST) Stock Price Rose, Shareholder New Mountain Vantage Advisers LLC Has Cut Holding by $11.88 Million

October 2, 2018 - By Dolores Ford

Nexstar Media Group, Inc. (NASDAQ:NXST) LogoInvestors sentiment increased to 1.46 in 2018 Q2. Its up 0.53, from 0.93 in 2018Q1. It improved, as 30 investors sold NXST shares while 53 reduced holdings. 36 funds opened positions while 85 raised stakes. 50.11 million shares or 0.95% more from 49.63 million shares in 2018Q1 were reported. 183,843 were reported by Mesirow Financial Invest. Eqis Cap Mngmt has invested 0.03% in Nexstar Media Group, Inc. (NASDAQ:NXST). Morgan Stanley has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). Phocas has 1.35% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 214,262 shares. Steinberg Asset Mngmt Lc holds 24,620 shares. New York-based Element Cap Limited Liability has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). Signaturefd Llc accumulated 0% or 8 shares. Raymond James Fincl Advsrs has invested 0% in Nexstar Media Group, Inc. (NASDAQ:NXST). Hodges Mgmt has 0.16% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). King Luther Mngmt holds 0.02% or 28,330 shares in its portfolio. Hsbc Hldg Public Ltd Co reported 3,435 shares stake. Fifth Third Retail Bank holds 0% or 819 shares in its portfolio. Illinois-based Balyasny Asset Mgmt Ltd has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). The Massachusetts-based Rhumbline Advisers has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). Boston Advisors Ltd Limited Liability Company reported 77,230 shares.

Since June 11, 2018, it had 0 insider purchases, and 10 insider sales for $1.82 million activity. The insider JONES BRIAN sold 2,238 shares worth $158,227. $82,300 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) shares were sold by ALFORD ANDREW. Another trade for 1,875 shares valued at $145,137 was made by Davis Douglas on Wednesday, June 20. On Wednesday, September 19 HOPKINS KEITH P. sold $130,570 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) or 1,625 shares. Another trade for 1,400 shares valued at $112,980 was made by McNabb Lisbeth on Friday, September 14.

New Mountain Vantage Advisers Llc decreased its stake in Nexstar Media Group Inc (NXST) by 20.61% based on its latest 2018Q2 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 162,781 shares as the company’s stock rose 10.29% with the market. The hedge fund held 626,894 shares of the consumer services company at the end of 2018Q2, valued at $46.01 million, down from 789,675 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Nexstar Media Group Inc for a number of months, seems to be less bullish one the $3.69 billion market cap company. The stock increased 1.19% or $0.95 during the last trading session, reaching $80.89. About 301,448 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 37.59% since October 2, 2017 and is uptrending. It has outperformed by 21.97% the S&P500.

New Mountain Vantage Advisers Llc, which manages about $2.44 billion and $1.30B US Long portfolio, upped its stake in Antero Midstream Gp Lp by 917,162 shares to 2.57 million shares, valued at $48.55 million in 2018Q2, according to the filing. It also increased its holding in Ally Finl Inc (NYSE:ALLY) by 325,852 shares in the quarter, for a total of 1.86 million shares, and has risen its stake in Gci Liberty Inc.

Analysts await Nexstar Media Group, Inc. (NASDAQ:NXST) to report earnings on November, 5. They expect $1.98 earnings per share, up 102.04 % or $1.00 from last year’s $0.98 per share. NXST’s profit will be $90.20M for 10.21 P/E if the $1.98 EPS becomes a reality. After $1.86 actual earnings per share reported by Nexstar Media Group, Inc. for the previous quarter, Wall Street now forecasts 6.45 % EPS growth.

Nexstar Media Group, Inc. (NASDAQ:NXST) Ratings Coverage

Among 2 analysts covering Nexstar Media Group (NASDAQ:NXST), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nexstar Media Group had 2 analyst reports since July 31, 2018 according to SRatingsIntel. FBR Capital maintained it with “Buy” rating and $92 target in Thursday, September 6 report.

Nexstar Media Group, Inc. (NASDAQ:NXST) Institutional Positions Chart

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