Davenport & Company Upped Its Itw (ITW) Position; Nexstar Media Group (NXST) Holder Simcoe Capital Management Has Decreased Its Position as Shares Declined

January 15, 2018 - By Dolores Ford

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 $3.62 billion market cap company. The stock decreased 0.69% or $0.55 during the last trading session, reaching $79.45. About 542,867 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 19.43% since January 15, 2017 and is uptrending. It has outperformed by 2.73% the S&P500.

Davenport & Company Llc increased its stake in Itw (ITW) by 4.08% based on its latest 2017Q3 regulatory filing with the SEC. Davenport & Company Llc bought 13,805 shares as the company’s stock rose 5.13% with the market. The institutional investor held 351,805 shares of the industrial machinery and components company at the end of 2017Q3, valued at $52.05M, up from 338,000 at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Itw for a number of months, seems to be bullish on the $58.42B market cap company. The stock increased 0.90% or $1.52 during the last trading session, reaching $170.52. About 953,236 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since January 15, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Davenport & Company Llc, which manages about $7.13 billion and $7.89B US Long portfolio, decreased its stake in Ief (IEF) by 58,414 shares to 33,925 shares, valued at $3.61 million in 2017Q3, according to the filing. It also reduced its holding in Stz (NYSE:STZ) by 1,679 shares in the quarter, leaving it with 2,319 shares, and cut its stake in Sui (NYSE:SUI).

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It increased, as 47 investors sold ITW shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported. Paradigm Asset Com Llc invested 0.75% in Illinois Tool Works Inc. (NYSE:ITW). Robeco Institutional Asset Management Bv invested 0.48% in Illinois Tool Works Inc. (NYSE:ITW). Woodstock Corporation accumulated 49,198 shares or 1.39% of the stock. Conning Inc accumulated 1.01% or 200,222 shares. Hemenway Ltd Liability has 0.2% invested in Illinois Tool Works Inc. (NYSE:ITW). Covington Cap Management holds 0.15% or 15,597 shares. Riverpoint Cap Llc reported 8,967 shares stake. Moreover, Gemmer Asset Management Ltd Limited Liability Company has 0.01% invested in Illinois Tool Works Inc. (NYSE:ITW) for 245 shares. Frontier Invest Mngmt owns 8,514 shares. Partnervest Advisory Services Ltd Liability Co has 1,369 shares for 0.1% of their portfolio. Proshare Limited Liability Company stated it has 0.61% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Guardian Life Insur Com Of America accumulated 699 shares or 0.02% of the stock. Cornerstone Ltd Company invested in 53,172 shares. State Of Wisconsin Invest Board invested in 0.14% or 310,341 shares. 17,857 are held by Anchor Capital Limited Liability Company.

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Illinois Tool Works Inc had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 25 by Morgan Stanley. The firm earned “Outperform” rating on Thursday, April 21 by Robert W. Baird. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Hold” rating given on Monday, March 27 by Stifel Nicolaus. The firm has “In-Line” rating by Evercore given on Monday, August 7. Wells Fargo maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Monday, December 4. Wells Fargo has “Buy” rating and $190.0 target. The company was maintained on Thursday, April 21 by Morgan Stanley. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by BMO Capital Markets on Tuesday, July 18. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, August 25 report. Goldman Sachs downgraded the shares of ITW in report on Monday, November 21 to “Neutral” rating. The rating was upgraded by Goldman Sachs on Thursday, June 1 to “Buy”.

Since October 2, 2017, it had 0 insider purchases, and 5 insider sales for $24.79 million activity. $7.62M worth of Illinois Tool Works Inc. (NYSE:ITW) shares were sold by VALLS JUAN. $1.01 million worth of Illinois Tool Works Inc. (NYSE:ITW) shares were sold by Hartnett John R.. SMITH HAROLD B sold $4.99M worth of Illinois Tool Works Inc. (NYSE:ITW) on Friday, December 8.

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 32 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Thursday, July 13. The firm has “Outperform” rating by Barrington Research given on Monday, November 14. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) has “Buy” rating given on Monday, November 6 by RBC Capital Markets. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Outperform” rating by Wedbush on Wednesday, March 1. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by RBC Capital Markets on Wednesday, July 5. The firm has “Buy” rating given on Tuesday, November 7 by B. Riley & Co. As per Wednesday, November 8, the company rating was maintained by Deutsche Bank. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by Jefferies on Monday, June 12. As per Monday, September 18, the company rating was maintained by RBC Capital Markets. Wedbush maintained it with “Outperform” rating and $66 target in Wednesday, November 9 report.

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 $64.30M for 14.09 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 2017 Q3. 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. Geode Management Ltd Liability Co has invested 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST). 444,545 were reported by Pacific Alternative Asset Management Limited Liability. Cooper Creek Mgmt reported 1.6% in Nexstar Media Group, Inc. (NASDAQ:NXST). Victory Cap reported 2,759 shares. Amalgamated Bank accumulated 5,785 shares or 0.01% of the stock. Park West Asset Limited Liability Com owns 1.55M shares. Ionic Cap Management Limited Liability Corp stated it has 139,772 shares or 0.35% of all its holdings. Walleye Trading Lc stated it has 0.02% in Nexstar Media Group, Inc. (NASDAQ:NXST). Aperio Group Lc has invested 0% in Nexstar Media Group, Inc. (NASDAQ:NXST). Macquarie holds 0% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST) for 25,292 shares. Goldman Sachs Gp Inc Inc holds 0.02% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST) for 1.03M shares. Tributary Capital Mgmt Limited Liability owns 233,000 shares. Citigroup owns 0% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 5,828 shares. Lpl Fincl invested in 5,723 shares. Federated Invsts Incorporated Pa has 265,186 shares for 0.05% of their portfolio.

Since August 11, 2017, it had 0 buys, and 9 selling transactions for $58.62 million activity. Another trade for 4,500 shares valued at $285,698 was made by Miller Dennis on Friday, August 11. Another trade for 3,125 shares valued at $198,438 was sold by Carter Thomas. Vaughn Gary Michael had sold 5,050 shares worth $309,820 on Friday, October 20. On Wednesday, September 20 Pruett Julie sold $180,029 worth of Nexstar Media Group, Inc. (NASDAQ:NXST) or 3,000 shares.

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