Kingdon Capital Management LLC Position in Nexstar Media Group INC (NXST) Has Lowered by $4.78 Million as Share Price Declined

June 16, 2018 - By Migdalia James

Nexstar Media Group, Inc. (NASDAQ:NXST) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 0.15, from 1.08 in 2017Q4. It turned negative, as 30 investors sold NXST shares while 78 reduced holdings. 38 funds opened positions while 62 raised stakes. 49.63 million shares or 0.38% more from 49.44 million shares in 2017Q4 were reported. Act Ii Mngmt Ltd Partnership has 9.75% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). Price T Rowe Assoc Md invested in 0% or 20,035 shares. Scopus Asset Mgmt LP stated it has 0.25% in Nexstar Media Group, Inc. (NASDAQ:NXST). Strs Ohio holds 0.02% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST) for 70,600 shares. Bnp Paribas Asset Management Hldgs Sa accumulated 176,295 shares. Engineers Gate Manager Ltd Partnership accumulated 11,170 shares or 0.05% of the stock. Moreover, Manufacturers Life The has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). Axa reported 170,200 shares. Point72 Asset Mgmt LP holds 182,520 shares. Deprince Race And Zollo accumulated 640,165 shares or 1% of the stock. Savings Bank Of Ny Mellon has 1.26M shares. Tcw Gp Inc holds 19,526 shares. Principal Inc holds 0.01% or 187,216 shares in its portfolio. 274,260 are owned by Schwab Charles Inc. Gratia Limited Liability Co stated it has 6.17% in Nexstar Media Group, Inc. (NASDAQ:NXST).

Since June 11, 2018, it had 0 insider purchases, and 1 sale for $158,227 activity.

Mark Kingdon decreased its stake in Nexstar Media Group Inc (NXST) by 24.56% based on its latest 2018Q1 regulatory filing with the SEC. Kingdon Capital Management Llc sold 72,472 shares as the company’s stock declined 9.15% with the market. The hedge fund run by Mark Kingdon held 222,641 shares of the consumer services company at the end of 2018Q1, valued at $14.81 million, down from 295,113 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Nexstar Media Group Inc for a number of months, seems to be less bullish one the $3.41B market cap company. The stock increased 0.40% or $0.3 during the last trading session, reaching $74.45. About 565,234 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 16.52% since June 16, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Kingdon Capital Management Llc, which manages about $3.27 billion and $1.27 billion US Long portfolio, upped its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 128,177 shares to 531,807 shares, valued at $22.19 million in 2018Q1, according to the filing. It also increased its holding in Marvell Technology Group Ltd (NASDAQ:MRVL) by 273,015 shares in the quarter, for a total of 579,893 shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Analysts await Nexstar Media Group, Inc. (NASDAQ:NXST) to report earnings on August, 14. They expect $1.71 EPS, up 83.87 % or $0.78 from last year’s $0.93 per share. NXST’s profit will be $78.21 million for 10.88 P/E if the $1.71 EPS becomes a reality. After $1.03 actual EPS reported by Nexstar Media Group, Inc. for the previous quarter, Wall Street now forecasts 66.02 % EPS growth.

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

Among 4 analysts covering Nexstar (NASDAQ:NXST), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar had 4 analyst reports since December 20, 2017 according to SRatingsIntel. Guggenheim maintained the stock with “Buy” rating in Wednesday, February 14 report. Wells Fargo maintained Nexstar Media Group, Inc. (NASDAQ:NXST) on Thursday, January 4 with “Buy” rating. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by Noble Financial on Wednesday, December 20.

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

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