Beach Point Capital Management LP Trimmed Nexstar Media Group INC (NXST) Stake by $8.50 Million

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. Asset Mgmt Inc holds 0.01% or 9,734 shares. Hall Laurie J Trustee has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). Private Mngmt Group stated it has 0.53% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST). Great West Life Assurance Can owns 5,973 shares. Art Advisors Limited Liability Corp invested in 4,402 shares or 0.01% of the stock. Tributary Capital Mgmt Ltd Liability Corp holds 303,287 shares. 441,180 were accumulated by Waddell And Reed Financial. Three Bays Cap LP has invested 2.07% in Nexstar Media Group, Inc. (NASDAQ:NXST). Creative Planning holds 0% or 3,050 shares in its portfolio. S Muoio And Limited Liability Co holds 2.17% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST) for 48,113 shares. Dimensional Fund Advsr Limited Partnership accumulated 1.86 million shares or 0.05% of the stock. Aperio Limited Liability holds 0% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST) for 9,379 shares. Prelude Management Limited Liability Corp, New York-based fund reported 1,390 shares. Voya Investment Management Llc reported 17,971 shares or 0% of all its holdings. Teacher Retirement System Of Texas holds 0% or 9,240 shares in its portfolio.

Since June 11, 2018, it had 0 insider buys, and 13 selling transactions for $4.15 million activity. Shares for $158,227 were sold by JONES BRIAN on Monday, June 11. 4,987 Nexstar Media Group, Inc. (NASDAQ:NXST) shares with value of $403,949 were sold by RYDER ELIZABETH. The insider Russell Blake sold $1.47 million. $145,137 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) was sold by Davis Douglas on Wednesday, June 20. HOPKINS KEITH P. also sold $130,570 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) on Wednesday, September 19. 1,400 shares were sold by McNabb Lisbeth, worth $112,980.

Beach Point Capital Management Lp decreased its stake in Nexstar Media Group Inc (NXST) by 26.08% based on its latest 2018Q2 regulatory filing with the SEC. Beach Point Capital Management Lp sold 116,375 shares as the company’s stock rose 10.29% with the market. The hedge fund held 329,925 shares of the consumer services company at the end of 2018Q2, valued at $24.22 million, down from 446,300 at the end of the previous reported quarter. Beach Point Capital Management Lp 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 0.47% or $0.38 during the last trading session, reaching $80.86. About 454,730 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 37.59% since November 14, 2017 and is uptrending. It has outperformed by 21.97% the S&P500.

Beach Point Capital Management Lp, which manages about $8.09 billion and $490.97M US Long portfolio, upped its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 179,059 shares to 795,560 shares, valued at $29.02M in 2018Q2, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 29,230 shares in the quarter, for a total of 143,730 shares, and has risen its stake in Nrg Energy Inc (NYSE:NRG).

More news for Nexstar Media Group, Inc. (NASDAQ:NXST) were recently published by: Seekingalpha.com, which released: “More on Nexstar Media Q3 results” on November 08, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For November 8, 2018” and published on November 08, 2018 is yet another important article.

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. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by FBR Capital on Thursday, September 6.

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

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