As Nexstar Broadcasting Group I (NXST) Stock Price Declined, Simcoe Capital Management LLC Boosted by $5.03 Million Its Holding

August 24, 2017 - By Henry Gaston

Investors sentiment increased to 1.18 in Q4 2016. Its up 0.01, from 1.17 in 2016Q3. It improved, as 21 investors sold NXST shares while 58 reduced holdings. 34 funds opened positions while 59 raised stakes. 38.16 million shares or 1.74% more from 37.51 million shares in 2016Q3 were reported. First Republic Inv Management reported 4,958 shares. First Commercial Bank Of Omaha invested in 0.08% or 19,586 shares. Bluemountain Cap Mngmt Ltd Llc has 609,053 shares. Fifth Third Bankshares accumulated 0% or 10,150 shares. Alliancebernstein LP has 44,590 shares. Us National Bank & Trust De invested 0% in Nexstar Media Group Inc (NASDAQ:NXST). Blackrock Invest Mgmt Lc invested in 111,779 shares or 0.01% of the stock. Jefferies Group Ltd Liability accumulated 10,300 shares. California Employees Retirement System has 56,700 shares. Guggenheim Capital Ltd Liability Corp reported 0% of its portfolio in Nexstar Media Group Inc (NASDAQ:NXST). 387,874 were reported by Northern Tru Corporation. Rhumbline Advisers stated it has 0.01% in Nexstar Media Group Inc (NASDAQ:NXST). Numeric Ltd Liability Corp stated it has 15,700 shares or 0.01% of all its holdings. Independent Port Consultants accumulated 15,800 shares or 0.33% of the stock. Ameriprise Fin Inc holds 0% or 63,841 shares.

Since March 1, 2017, it had 0 buys, and 5 sales for $3.00 million activity. Russell Blake also sold $1.06 million worth of Nexstar Media Group Inc (NASDAQ:NXST) on Friday, March 3. 10,000 shares valued at $723,102 were sold by O’BRIEN THOMAS on Monday, March 6. Another trade for 5,516 shares valued at $386,465 was sold by MUSE JOHN R. SOOK PERRY A sold $765,243 worth of Nexstar Media Group Inc (NASDAQ:NXST) on Wednesday, March 1. 1,000 shares valued at $70,000 were sold by RYDER ELIZABETH on Friday, March 24.

Simcoe Capital Management Llc increased its stake in Nexstar Broadcasting Group I (NXST) by 17.74% based on its latest 2016Q4 regulatory filing with the SEC. Simcoe Capital Management Llc bought 79,805 shares as the company’s stock declined 15.04% while stock markets rallied. The institutional investor held 529,670 shares of the consumer services company at the end of 2016Q4, valued at $33.53M, up from 449,865 at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Nexstar Broadcasting Group I for a number of months, seems to be bullish on the $2.92 billion market cap company. The stock rose 1.81% or $1.1 reaching $61.95 per share. About 105,876 shares traded. Nexstar Media Group Inc (NASDAQ:NXST) has risen 19.43% since August 24, 2016 and is uptrending. It has outperformed by 2.73% the S&P500.

Simcoe Capital Management Llc, which manages about $203.45M US Long portfolio, decreased its stake in Techtarget Inc (NASDAQ:TTGT) by 935,378 shares to 313,157 shares, valued at $2.67M in 2016Q4, according to the filing.

More notable recent Nexstar Media Group Inc (NASDAQ:NXST) news were published by: Seekingalpha.com which released: “Nexstar buying Rhode Island CW affiliate” on August 07, 2017, also Zacks.com with their article: “Should You Buy Nexstar Media Group (NXST) Ahead of Earnings? August 07, 2017” published on August 07, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Wal-Mart Stores, Nexstar Media Group and AstraZeneca” on August 07, 2017. More interesting news about Nexstar Media Group Inc (NASDAQ:NXST) were released by: Nasdaq.com and their article: “Nexstar Media Group, Inc. (NXST) Ex-Dividend Date Scheduled for August 09, 2017” published on August 08, 2017 as well as Businesswire.com‘s news article titled: “Nexstar Media Group Names Keith P. Hopkins Senior Vice President of Distribution” with publication date: July 31, 2017.

Nexstar Media Group Inc (NASDAQ:NXST) Ratings Coverage

Among 5 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar Broadcasting Group had 19 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies upgraded the shares of NXST in report on Tuesday, September 29 to “Buy” rating. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Buy”. Benchmark maintained it with “Buy” rating and $89 target in Wednesday, March 1 report. The firm has “Hold” rating by Zacks given on Wednesday, August 5. Wedbush maintained Nexstar Media Group Inc (NASDAQ:NXST) rating on Wednesday, March 1. Wedbush has “Outperform” rating and $80 target. On Monday, August 14 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating given on Wednesday, November 18 by Stephens. Barrington Research initiated the stock with “Outperform” rating in Tuesday, December 22 report. The stock of Nexstar Media Group Inc (NASDAQ:NXST) earned “Buy” rating by RBC Capital Markets on Wednesday, August 9. On Wednesday, November 9 the stock rating was maintained by Wedbush with “Outperform”.

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