As Exxon Mobil Com (XOM) Share Value Rose, Gateway Advisory Cut Stake by $355,752; Nexstar Media Group (NXST) Stock Price Declined While Simcoe Capital Management Trimmed Holding by $5.12 Million

February 15, 2018 - By Kurt Siggers

Simcoe Capital Management Llc decreased its stake in Nexstar Media Group Inc (NXST) by 18.61% based on its latest 2017Q3 regulatory filing with the SEC. Simcoe Capital Management Llc sold 82,595 shares as the company’s stock declined 15.04% while stock markets rallied. The institutional investor held 361,185 shares of the consumer services company at the end of 2017Q3, valued at $22.50M, down from 443,780 at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Nexstar Media Group Inc for a number of months, seems to be less bullish one the $3.36B market cap company. The stock decreased 0.10% or $0.07 during the last trading session, reaching $73.75. About 191,760 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 19.43% since February 15, 2017 and is uptrending. It has outperformed by 2.73% the S&P500.

Gateway Advisory Llc decreased its stake in Exxon Mobil Corp Com (XOM) by 15.9% based on its latest 2017Q3 regulatory filing with the SEC. Gateway Advisory Llc sold 4,392 shares as the company’s stock rose 0.21% with the market. The institutional investor held 23,235 shares of the integrated oil company at the end of 2017Q3, valued at $1.91M, down from 27,627 at the end of the previous reported quarter. Gateway Advisory Llc who had been investing in Exxon Mobil Corp Com for a number of months, seems to be less bullish one the $320.79B market cap company. The stock decreased 0.98% or $0.75 during the last trading session, reaching $75.71. About 5.58M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 15, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Analysts await Nexstar Media Group, Inc. (NASDAQ:NXST) to report earnings on February, 27. They expect $1.41 EPS, down 3.42% or $0.05 from last year’s $1.46 per share. NXST’s profit will be $64.24 million for 13.08 P/E if the $1.41 EPS becomes a reality. After $0.98 actual EPS reported by Nexstar Media Group, Inc. for the previous quarter, Wall Street now forecasts 43.88% EPS growth.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.23, from 1.14 in 2017Q2. It increased, as 18 investors sold NXST shares while 65 reduced holdings. 42 funds opened positions while 72 raised stakes. 46.52 million shares or 3.04% less from 47.98 million shares in 2017Q2 were reported. Yorktown Mngmt & Inc owns 5,886 shares. Moreover, Natixis has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). Virginia Retirement Et Al holds 0.01% or 8,900 shares in its portfolio. Cubist Systematic Strategies Limited Liability Company owns 0.09% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 24,672 shares. Fincl Bank Of America De stated it has 0% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST). Hudson Bay Cap Limited Partnership stated it has 0.08% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST). Cetera Limited accumulated 4,940 shares. Moreover, Qs Ltd Liability Corp has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 3,946 shares. Aqr Capital Ltd Com has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). Us Savings Bank De invested 0% in Nexstar Media Group, Inc. (NASDAQ:NXST). Ionic Lc owns 0.35% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 139,772 shares. Alps reported 0% in Nexstar Media Group, Inc. (NASDAQ:NXST). Teacher Retirement Of Texas invested in 0% or 3,670 shares. 247,624 are owned by Claar Advsrs Limited Liability. Victory Capital stated it has 0% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST).

Since September 18, 2017, it had 0 insider purchases, and 7 insider sales for $58.14 million activity. $309,820 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) was sold by Vaughn Gary Michael. Another trade for 3,000 shares valued at $180,029 was sold by Pruett Julie.

Among 11 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar Broadcasting Group had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 14 by Jefferies. Benchmark maintained it with “Buy” rating and $89 target in Wednesday, March 1 report. Wells Fargo maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Thursday, January 4. Wells Fargo has “Buy” rating and $102.0 target. Jefferies maintained Nexstar Media Group, Inc. (NASDAQ:NXST) on Sunday, October 22 with “Buy” rating. On Tuesday, November 7 the stock rating was maintained by B. Riley & Co with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, November 8. The firm has “Outperform” rating by Barrington Research given on Tuesday, December 22. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 6. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) has “Buy” rating given on Monday, September 18 by Jefferies. The firm earned “Hold” rating on Wednesday, August 5 by Zacks.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Curbstone Fin Mngmt Corporation reported 1.6% in Exxon Mobil Corporation (NYSE:XOM). Moreover, Argent has 4.08% invested in Exxon Mobil Corporation (NYSE:XOM). Geller Family Office Svcs Ltd Llc reported 0.16% in Exxon Mobil Corporation (NYSE:XOM). Sfmg Ltd Liability, Texas-based fund reported 33,675 shares. Schroder Grp Inc Inc accumulated 0.4% or 2.83 million shares. Janney Capital Management Ltd Liability Corp has 0.21% invested in Exxon Mobil Corporation (NYSE:XOM) for 60,657 shares. Tdam Usa holds 423,027 shares. Greenwood Cap Limited holds 2,950 shares. Wheatland Incorporated has invested 0.57% in Exxon Mobil Corporation (NYSE:XOM). Penobscot Invest Mngmt Co invested in 105,396 shares. Proffitt Goodson accumulated 0.44% or 12,242 shares. Moreover, Raymond James Finance Advisors has 0.61% invested in Exxon Mobil Corporation (NYSE:XOM) for 1.15M shares. Teacher Retirement Sys Of Texas owns 1.64 million shares for 0.83% of their portfolio. 145,655 were accumulated by Jefferies Group Inc. Torch Wealth Management Lc reported 37,775 shares stake.

Since September 18, 2017, it had 0 buys, and 5 insider sales for $5.23 million activity. 7,281 Exxon Mobil Corporation (NYSE:XOM) shares with value of $606,082 were sold by Milton Bryan W. Shares for $1.81 million were sold by Franklin Robert Stuart on Monday, September 18. Corson Bradley W sold 19,500 shares worth $1.62 million. Another trade for 12,000 shares valued at $996,628 was sold by Chapman Neil A.

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By1 Kurt Siggers

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