Nexstar Media Group (NXST) Valuation Declined While Qvt Financial LP Has Cut Stake; Praxair (PX) Share Price Rose While Nichols & Pratt Advisers Llp Lowered Its Stake

June 23, 2018 - By Adrian Mccoy

Nexstar Media Group, Inc. (NASDAQ:NXST) Logo

Nichols & Pratt Advisers Llp decreased its stake in Praxair Inc (PX) by 2.8% based on its latest 2018Q1 regulatory filing with the SEC. Nichols & Pratt Advisers Llp sold 4,270 shares as the company’s stock rose 0.80% while stock markets declined. The institutional investor held 148,355 shares of the basic industries company at the end of 2018Q1, valued at $21.38 million, down from 152,625 at the end of the previous reported quarter. Nichols & Pratt Advisers Llp who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $45.45 billion market cap company. The stock increased 1.46% or $2.27 during the last trading session, reaching $158.14. About 1.38 million shares traded or 4.50% up from the average. Praxair, Inc. (NYSE:PX) has risen 19.06% since June 23, 2017 and is uptrending. It has outperformed by 6.49% the S&P500. Some Historical PX News: 06/04/2018 – Linde/Praxair take initial divest bids; 15/03/2018 – Linde: Status Of The Merger Clearance Proceedings For The Proposed Business Combination With Praxair, Inc; 08/03/2018 – LINDE LING.DE SAYS COMPLETION OF MERGER WITH PRAXAIR STILL PLANNED FOR THE SECOND HALF OF 2018; 27/04/2018 – PRAXAIR, & LINDE AG GETS CFIUS CLEARANCE; 12/04/2018 – Praxair Starts Up Gas Supply to New World-Scale Yara Freeport LLC Ammonia Plant; 15/05/2018 – Praxair Named One of America’s Best Employers by Forbes for the Fourth Straight Year; 04/05/2018 – LINDE PLC SAYS BUSINESS COMBINATION WITH PRAXAIR IS EXPECTED TO BE COMPLETED IN H2; 25/04/2018 – LINDE AG LING.DE – IN EVENT OF SUCCESSFUL COMPLETION, LINDE INTERMEDIATE HOLDING AG IS EXPECTED TO HOLD APPROX 92 % IN LINDE AG; 26/04/2018 – Praxair 1Q EPS $1.59; 08/03/2018 – LINDE LING.DE CEO SAYS STILL BELOW 3.7 BLN SALES THRESHOLD OF POTENTIAL DIVESTITURES, AHEAD OF PRAXAIR MERGER

Daniel Gold decreased its stake in Nexstar Media Group Inc (NXST) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Qvt Financial Lp sold 18,256 shares as the company’s stock declined 9.15% with the market. The hedge fund run by Daniel Gold held 54,767 shares of the consumer services company at the end of 2018Q1, valued at $3.64 million, down from 73,023 at the end of the previous reported quarter. Qvt Financial Lp who had been investing in Nexstar Media Group Inc for a number of months, seems to be less bullish one the $3.46B market cap company. The stock increased 0.66% or $0.5 during the last trading session, reaching $75.7. About 977,355 shares traded or 61.48% up from the average. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 16.52% since June 23, 2017 and is uptrending. It has outperformed by 3.95% the S&P500. Some Historical NXST News: 09/05/2018 – NEXSTAR MEDIA 1Q ADJ EBITDA $181.1M; 20/04/2018 – DJ Nexstar Media Group Inc Class A, Inst Holders, 1Q 2018 (NXST); 06/04/2018 – Nexstar Broadcasting, Inc. Issues Public Statement to Correct lnaccuracies Made by Former WHTM Anchor and Her Legal Counsel; 09/05/2018 – Nexstar Media Group First Quarter Net Revenue Rises 13.9% to a Record $615.3 Million; 26/03/2018 – S&PGR Affirms Nexstar Media Group Rtgs; Outlook Remains Stable

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.08, from 1.06 in 2017Q4. It dived, as 57 investors sold PX shares while 300 reduced holdings. 93 funds opened positions while 257 raised stakes. 232.95 million shares or 0.44% less from 233.99 million shares in 2017Q4 were reported. Minnesota-based Mairs has invested 0% in Praxair, Inc. (NYSE:PX). Vantage Investment Advisors Lc holds 160 shares or 0.01% of its portfolio. Howland Capital Mngmt Ltd Llc holds 38,227 shares. Clearbridge Investments Limited Liability Corporation invested in 3.68 million shares. Arrow Fincl reported 0.17% of its portfolio in Praxair, Inc. (NYSE:PX). Motco owns 264 shares or 0% of their US portfolio. Atria Ltd Co holds 0.03% of its portfolio in Praxair, Inc. (NYSE:PX) for 3,602 shares. Homrich And Berg has invested 0.06% in Praxair, Inc. (NYSE:PX). Pinnacle Financial Prns Incorporated invested in 2,149 shares. 247,845 were accumulated by Kornitzer Cap Inc Ks. The New York-based Douglass Winthrop Advsr Limited Liability Co has invested 0.12% in Praxair, Inc. (NYSE:PX). Natl Bank has 9,953 shares for 0.16% of their portfolio. Great Lakes Lc invested in 10,751 shares. Cornerstone Advisors Incorporated reported 1,042 shares or 0.1% of all its holdings. Nelson Van Denburg And Campbell Wealth Management holds 0% or 9 shares.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on July, 26. They expect $1.70 earnings per share, up 16.44% or $0.24 from last year’s $1.46 per share. PX’s profit will be $488.53 million for 23.26 P/E if the $1.70 EPS becomes a reality. After $1.65 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 55 analyst reports since August 12, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Hold” rating and $13000 target in Friday, June 2 report. Susquehanna maintained Praxair, Inc. (NYSE:PX) on Wednesday, January 31 with “Buy” rating. The stock of Praxair, Inc. (NYSE:PX) has “Buy” rating given on Monday, April 30 by Citigroup. The firm earned “Buy” rating on Friday, October 27 by UBS. The firm has “Buy” rating by Deutsche Bank given on Tuesday, December 19. The company was downgraded on Tuesday, February 2 by KeyBanc Capital Markets. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Sell”. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, September 13 report. The rating was reinitiated by Credit Suisse with “Neutral” on Thursday, March 24. The stock of Praxair, Inc. (NYSE:PX) has “Outperform” rating given on Tuesday, January 23 by Raymond James.

More news for Praxair, Inc. (NYSE:PX) were recently published by: Businesswire.com, which released: “Proposed Business Combination Between Praxair, Inc. and Linde AG Receives Unconditional Antitrust Clearance in …” on June 22, 2018. Seekingalpha.com‘s article titled: “CenturyLink’s Yield Is A Red Flag – Cramer’s Lightning Round (6/18/18)” and published on June 19, 2018 is yet another important article.

Nichols & Pratt Advisers Llp, which manages about $1.58B and $1.10B US Long portfolio, upped its stake in Fiserv Inc (NASDAQ:FISV) by 197,708 shares to 402,485 shares, valued at $28.64 million in 2018Q1, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 6,185 shares in the quarter, for a total of 124,317 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

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

Among 12 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar Broadcasting Group had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by RBC Capital Markets on Monday, September 18. On Wednesday, November 18 the stock rating was initiated by Stephens with “Overweight”. The firm has “Buy” rating given on Wednesday, August 9 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $80.0 target in Monday, September 18 report. The firm earned “Outperform” rating on Wednesday, November 9 by Wedbush. Jefferies maintained the shares of NXST in report on Thursday, July 13 with “Buy” rating. The stock has “Buy” rating by Guggenheim on Wednesday, February 14. Deutsche Bank initiated Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Friday, October 20. Deutsche Bank has “Buy” rating and $80.0 target. The firm earned “Buy” rating on Wednesday, March 1 by Benchmark. The firm earned “Hold” rating on Wednesday, August 5 by Zacks.

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 $78.20M for 11.07 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.

Qvt Financial Lp, which manages about $8.91 billion and $953.48 million US Long portfolio, upped its stake in Intel Corp (Prn) by 14.30M shares to 17.19 million shares, valued at $43.35 million in 2018Q1, according to the filing. It also increased its holding in Ikang Healthcare Group Inc (NASDAQ:KANG) by 200,000 shares in the quarter, for a total of 1.15 million shares, and has risen its stake in Iovance Biotherapeutics Inc.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.15, from 1.08 in 2017Q4. It fall, 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. Moreover, Community Bancshares Na has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 50 shares. Sit Invest Assocs holds 0.07% or 43,800 shares. Oppenheimer Asset holds 0.01% or 7,217 shares in its portfolio. Brown Advisory holds 0.07% or 240,274 shares in its portfolio. Dimensional Fund Advsrs LP stated it has 1.60 million shares or 0.04% of all its holdings. Alliancebernstein Lp stated it has 0% in Nexstar Media Group, Inc. (NASDAQ:NXST). Canada Pension Plan Board owns 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 11,400 shares. Gratia Capital Ltd Company reported 6.17% stake. Bnp Paribas Asset Management Sa has 0.1% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). Tiaa Cref Invest Ltd Company invested in 0% or 106,953 shares. The New York-based Pinnacle Associate Ltd has invested 0.17% in Nexstar Media Group, Inc. (NASDAQ:NXST). Price T Rowe Associates Md has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 20,035 shares. Bnp Paribas Arbitrage has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST). 115,000 are owned by Gabelli Funds Limited Company. Moreover, Ftb Inc has 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST).

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

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