Icon Advisers Continues to Hold Holding in Nexstar Media Group Clas (NXST); Jana Partners Has Decreased Holding in Select Med Hldgs (SEM) by $34.69 Million

February 21, 2018 - By Marguerite Chambers

Barry Rosenstein decreased its stake in Select Med Hldgs Corp (SEM) by 66.08% based on its latest 2017Q3 regulatory filing with the SEC. Jana Partners Llc sold 1.83M shares as the company’s stock rose 9.84% with the market. The hedge fund run by Barry Rosenstein held 937,243 shares of the hospital and nursing management company at the end of 2017Q3, valued at $18.00 million, down from 2.76M at the end of the previous reported quarter. Jana Partners Llc who had been investing in Select Med Hldgs Corp for a number of months, seems to be less bullish one the $2.22B market cap company. It closed at $16.6 lastly. It is down 12.50% since February 21, 2017 and is uptrending. It has underperformed by 4.20% the S&P500.

Icon Advisers Inc increased its stake in Nexstar Media Group Inc. Clas (NXST) by 123.53% based on its latest 2017Q3 regulatory filing with the SEC. Icon Advisers Inc bought 8,400 shares as the company’s stock declined 15.04% while stock markets rallied. The institutional investor held 15,200 shares of the consumer services company at the end of 2017Q3, valued at $947,000, up from 6,800 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Nexstar Media Group Inc. Clas for a number of months, seems to be bullish on the $3.37 billion market cap company. The stock increased 1.02% or $0.75 during the last trading session, reaching $74. About 601,484 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has risen 19.43% since February 21, 2017 and is uptrending. It has outperformed by 2.73% the S&P500.




Jana Partners Llc, which manages about $11.37B and $4.82B US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 8.39M shares to 10.26 million shares, valued at $669.18 million in 2017Q3, according to the filing. It also increased its holding in Tiffany & Co New (NYSE:TIF) by 4.68M shares in the quarter, for a total of 4.75 million shares, and has risen its stake in Dxc Technology Co.

Analysts await Select Medical Holdings Corporation (NYSE:SEM) to report earnings on February, 22 after the close. They expect $0.19 earnings per share, up 58.33% or $0.07 from last year’s $0.12 per share. SEM’s profit will be $25.42 million for 21.84 P/E if the $0.19 EPS becomes a reality. After $0.14 actual earnings per share reported by Select Medical Holdings Corporation for the previous quarter, Wall Street now forecasts 35.71% EPS growth.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.39, from 0.88 in 2017Q2. It is positive, as 7 investors sold SEM shares while 53 reduced holdings. 31 funds opened positions while 45 raised stakes. 103.97 million shares or 0.87% less from 104.89 million shares in 2017Q2 were reported. Dreman Value Mngmt L L C reported 2,462 shares. Cibc Asset Mgmt Inc accumulated 14,005 shares or 0% of the stock. Broadview Advisors Ltd has 276,780 shares. Piedmont Inv Advsr Ltd Liability accumulated 0.01% or 23,166 shares. Susquehanna Group Ltd Liability Partnership holds 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 42,152 shares. Hsbc Hldg Public Limited accumulated 49,476 shares. Principal Financial Gru reported 862,559 shares. Kbc Gru Nv holds 0% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM) for 927 shares. Paloma Ptnrs Management Com, a Connecticut-based fund reported 27,628 shares. Dimensional Fund Advsr Limited Partnership invested 0.07% of its portfolio in Select Medical Holdings Corporation (NYSE:SEM). Nationwide Fund Advsrs invested in 0.01% or 81,427 shares. Burney Com has 0.01% invested in Select Medical Holdings Corporation (NYSE:SEM). Two Sigma Secs Limited has 0.02% invested in Select Medical Holdings Corporation (NYSE:SEM). 171,998 are held by California State Teachers Retirement Sys. Amalgamated Savings Bank has 0.01% invested in Select Medical Holdings Corporation (NYSE:SEM).

Among 9 analysts covering Select Medical Holdings (NYSE:SEM), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Select Medical Holdings had 26 analyst reports since August 5, 2015 according to SRatingsIntel. Zacks downgraded the shares of SEM in report on Wednesday, August 5 to “Buy” rating. Wells Fargo upgraded Select Medical Holdings Corporation (NYSE:SEM) on Tuesday, October 6 to “Outperform” rating. On Thursday, October 12 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was maintained on Monday, October 23 by Robert W. Baird. The rating was downgraded by JMP Securities on Wednesday, September 28 to “Mkt Underperform”. The company was maintained on Monday, August 7 by Benchmark. On Monday, September 11 the stock rating was maintained by RBC Capital Markets with “Buy”. Robert W. Baird maintained Select Medical Holdings Corporation (NYSE:SEM) rating on Sunday, October 15. Robert W. Baird has “Buy” rating and $21.0 target. The firm has “Buy” rating by Benchmark given on Monday, April 3. The stock has “Market Underperform” rating by JMP Securities on Monday, August 7.

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 rating was maintained by Jefferies with “Buy” on Monday, June 12. Barrington Research initiated the stock with “Outperform” rating in Tuesday, December 22 report. Benchmark maintained the stock with “Buy” rating in Wednesday, March 1 report. The firm has “Buy” rating given on Wednesday, August 9 by RBC Capital Markets. The stock has “Buy” rating by Jefferies on Monday, September 18. As per Wednesday, December 20, the company rating was maintained by Noble Financial. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. B. Riley & Co maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Tuesday, November 7. B. Riley & Co has “Buy” rating and $84 target. The stock has “Buy” rating by Wells Fargo on Thursday, January 4. The company was upgraded on Tuesday, September 29 by Jefferies.

Icon Advisers Inc, which manages about $2.21B and $1.42B US Long portfolio, decreased its stake in Taiwan Semiconductor Manufactu (NYSE:TSM) by 50,700 shares to 42,800 shares, valued at $1.61M in 2017Q3, according to the filing. It also reduced its holding in Eog Resources Inc. (NYSE:EOG) by 102,000 shares in the quarter, leaving it with 32,200 shares, and cut its stake in Chevron Corp. (NYSE:CVX).

Since September 18, 2017, it had 0 insider purchases, and 7 sales for $58.14 million activity. The insider Vaughn Gary Michael sold 200 shares worth $12,591. $180,029 worth of stock was sold by Pruett Julie on Wednesday, September 20.

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