Nexstar Media Group Class A (NASDAQ:NXST) Just Reported Increased Shorts

Gladys Abbott
September 2, 2017

Barclays Capital downgraded it to "Underweight" rating and $4 target in Wednesday, May 4 report. Stephens initiated the shares of NXST in report on Wednesday, November 18 with "Overweight" rating.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. The stock of Kohl's Corporation (NYSE:KSS) earned "Underperform" rating by RBC Capital Markets on Thursday, January 5. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, August 2. The count of Hold ratings in that period was 3.

Act Ii Management Lp increased Nexstar Broadcasting Group I (NXST) stake by 11.28% reported in 2016Q4 SEC filing. Nexstar Media Group, Inc. has 4 buy ratings, 0 holds and 0 sells even after the stock tumbled -18.54% from its high of $73.9 to a $2.86 billion market value through last close. The Rhenman & Partners Asset Management Ab holds 75,017 shares with $12.01M value, down from 130,000 last quarter.

Among 5 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 5 have Buy rating, 0 Sell and 0 Hold. The stock decreased 3.99% or $2.5 on August 31, reaching $60.2. About 85,685 shares traded.

More notable recent Nexstar Media Group Inc (NASDAQ:NXST) news were published by: Nasdaq.com which released: "Ex-Dividend Reminder: Wal-Mart Stores, Nexstar Media Group and AstraZeneca" on August 07, 2017, also Seekingalpha.com with their article: "Nexstar Media Group (NXST) Q2 2017 Results - Earnings Call Transcript" published on August 08, 2017, Seekingalpha.com published: "Nexstar buying Rhode Island CW affiliate" on August 07, 2017. It has outperformed by 16.06% the S&P500.

Among 10 analysts covering Horizon Bancorp (NASDAQ:HBNC), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 100% are positive. As per Wednesday, November 9, the company rating was maintained by Wedbush. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover GPRE having a buy-equivalent rating. Oppenheimer maintained UnitedHealth Group Inc (NYSE:UNH) on Friday, July 7 with "Buy" rating. Wedbush maintained Nexstar Media Group Inc (NASDAQ:NXST) on Wednesday, March 1 with "Outperform" rating. Jefferies maintained the stock with "Buy" rating in Monday, August 14 report. The rating was maintained by Barrington Research with "Outperform" on Monday, November 14. Blackrock Fund Advsrs has 0.01% invested in Nexstar Media Group Inc (NASDAQ:NXST). Jefferies has "Buy" rating and $8000 target. The company was upgraded on Wednesday, August 5 by Zacks. Tiger Legatus Capital Management Llc who had been investing in Nexstar Broadcasting Group I for a number of months, seems to be less bullish one the $2.84 billion market cap company. The firm earned "Hold" rating on Monday, June 5 by RBC Capital Markets.

Since March 13, 2017, it had 1 insider buy, and 3 insider sales for $2.59 million activity. $1.06M worth of stock was sold by Russell Blake on Friday, March 3.

More news: United States job growth slows in August

Pinnacle Associates Ltd. lowered its position in shares of Nexstar Broadcasting Group, Inc.

In other news, CFO Thomas Carter sold 3,125 shares of the stock in a transaction that occurred on Friday, August 11th. $70,000 worth of stock was sold by RYDER ELIZABETH on Friday, March 24.

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.03, from 0.83 in 2016Q3. It dropped, as 21 investors sold NXST shares while 58 reduced holdings. 80 funds opened positions while 166 raised stakes. Goldman Sachs maintained the stock with "Buy" rating in Thursday, July 13 report. Adage Ptnrs Grp Ltd has invested 0.02% in Nexstar Media Group Inc (NASDAQ:NXST). Tudor Investment Et Al reported 9,843 shares. Morgan Stanley owns 0% invested in Nexstar Media Group Inc (NASDAQ:NXST) for 188,340 shares. Morgan Stanley reported 60,173 shares. Emerald Mutual Fund Advisers Trust owns 0.96% invested in Nexstar Media Group Inc (NASDAQ:NXST) for 319,189 shares. About shares traded. Nexstar Media Group Inc (NXST) has risen 19.43% since August 30, 2016 and is uptrending.

Simcoe Capital Management Llc holds 16.48% of its portfolio in Nexstar Media Group Inc for 529,670 shares. Group Inc accumulated 17,166 shares or 0% of the stock. First Republic Investment Mgmt, California-based fund reported 4,958 shares. Pacific Ridge Cap Partners Lc invested in 133,585 shares or 1.34% of the stock. Citigroup holds 0.01% or 260,199 shares. Edge Asset Mngmt invested in 0.05% or 95,623 shares.

Dover Corporation is a diversified global maker delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company's divisions include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment.

Since March 7, 2017, it had 0 insider purchases, and 11 selling transactions for $8.57 million activity. Also, Director Dennis Miller sold 4,500 shares of the stock in a transaction that occurred on Friday, August 11th. MARGULIS HEIDI S had sold 1,500 shares worth $347,933 on Friday, May 26.

Investors sentiment increased to 0.75 in 2016 Q4. Its the same as in 2016Q3. It also reduced its holding in Whiting Pete Corp New (NYSE:WLL) by 261,683 shares in the quarter, leaving it with 3,217 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT). Its up 0.02, from 0.73 in 2016Q3. Arizona State Retirement Sys stated it has 0.04% of its portfolio in Kohl's Corporation (NYSE:KSS). 790,081 are held by Royal Fincl Bank Of Canada. Kayne Anderson Rudnick Inv Mgmt Ltd Company has 5,000 shares for 0% of their portfolio. Nordea Inv Mgmt has 318,803 shares for 0.05% of their portfolio. Tiger Legatus Capital Management Llc owns 600,000 shares or 14.04% of their USA portfolio. Fmr Lc holds 0.01% or 1.49M shares in its portfolio. Sumitomo Mitsui Asset Mgmt invested 0.02% in Dover Corp (NYSE:DOV). Counselors reported 156,465 shares. Creative Planning holds 220 shares. D E Shaw Communications stated it has 109,382 shares. (NASDAQ:AAPL) were released by: Fool.com and their article: "1 Way Apple Inc.'s Old iPhone 7 Crushes the Samsung Galaxy Note8" published on August 29, 2017 as well as Fool.com's news article titled: "Expect Big Apple Inc. iPhone Unit Growth in 2018" with publication date: August 30, 2017. Panagora Asset reported 0% in Dover Corp (NYSE:DOV).

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