Regions Financial Increased Its Stake in Salesforce.Com (CRM) by $589,152; Nexstar Media Group (NXST) Holder Tiger Legatus Capital Management Has Lowered Its Position by $25.35 Million as Market Value Declined

April 22, 2018 - By Hugh Holland

salesforce.com, inc. (NYSE:CRM) Logo

Jesse Ro decreased its stake in Nexstar Media Group Inc (NXST) by 66.33% based on its latest 2017Q4 regulatory filing with the SEC. Tiger Legatus Capital Management Llc sold 325,000 shares as the company’s stock declined 14.98% with the market. The hedge fund run by Jesse Ro held 165,000 shares of the consumer services company at the end of 2017Q4, valued at $12.90M, down from 490,000 at the end of the previous reported quarter. Tiger Legatus Capital Management Llc who had been investing in Nexstar Media Group Inc for a number of months, seems to be less bullish one the $2.97B market cap company. The stock decreased 3.88% or $2.6 during the last trading session, reaching $64.45. About 929,946 shares traded or 53.50% up from the average. Nexstar Media Group, Inc. (NASDAQ:NXST) has declined 3.18% since April 22, 2017 and is downtrending. It has underperformed by 14.73% the S&P500.

Regions Financial Corp increased its stake in Salesforce.Com Inc (CRM) by 14.3% based on its latest 2017Q4 regulatory filing with the SEC. Regions Financial Corp bought 5,776 shares as the company’s stock rose 10.89% while stock markets declined. The institutional investor held 46,173 shares of the prepackaged software company at the end of 2017Q4, valued at $4.72M, up from 40,397 at the end of the previous reported quarter. Regions Financial Corp who had been investing in Salesforce.Com Inc for a number of months, seems to be bullish on the $90.02B market cap company. The stock decreased 1.00% or $1.24 during the last trading session, reaching $122.82. About 2.97M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since April 22, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Since October 22, 2017, it had 4 buys, and 147 sales for $90.02 million activity. On Tuesday, February 27 Allanson Joe sold $31,436 worth of salesforce.com, inc. (NYSE:CRM) or 268 shares. Harris Parker sold $61,411 worth of stock or 530 shares. BLOCK KEITH sold $1.00M worth of stock or 10,000 shares. $61,411 worth of stock was sold by Dayon Alexandre on Sunday, February 25. Robbins Cynthia G. sold $67,251 worth of stock or 681 shares. $13,442 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Roos John Victor.

Regions Financial Corp, which manages about $9.24B US Long portfolio, decreased its stake in Regal Entertainment Group (NYSE:RGC) by 600,509 shares to 2.05M shares, valued at $47.15M in 2017Q4, according to the filing. It also reduced its holding in Calatlantic Group Inc by 9,987 shares in the quarter, leaving it with 3,683 shares, and cut its stake in Builders Firstsource Inc (NASDAQ:BLDR).

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.15, from 1.34 in 2017Q3. It is negative, as 39 investors sold CRM shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported. New Mexico Educational Retirement Board, a New Mexico-based fund reported 65,636 shares. National Bank & Trust accumulated 6,406 shares or 0.01% of the stock. 250 were reported by Hall Laurie J Trustee. Waratah Capital Ltd owns 6,941 shares. Hl Finance Services Limited Liability Co stated it has 0.01% in salesforce.com, inc. (NYSE:CRM). Global Endowment Mgmt Limited Partnership invested in 34,300 shares. Manchester Mngmt Lc has 256 shares. Citigroup Inc reported 0.02% in salesforce.com, inc. (NYSE:CRM). Moreover, Pointstate LP has 2.15% invested in salesforce.com, inc. (NYSE:CRM) for 2.16M shares. State Board Of Administration Of Florida Retirement Sys stated it has 975,798 shares. Weiss Asset Mgmt Lp holds 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 6,458 shares. Hanson & Doremus Mgmt has invested 0.02% in salesforce.com, inc. (NYSE:CRM). Nuwave Investment Mgmt Limited Co reported 5,860 shares or 0.7% of all its holdings. Chilton Cap Ltd Limited Liability Company holds 19,956 shares or 0.19% of its portfolio. Meiji Yasuda Asset Communication Ltd holds 18,972 shares or 0.18% of its portfolio.

Among 55 analysts covering Salesforce.com (NYSE:CRM), 49 have Buy rating, 1 Sell and 5 Hold. Therefore 89% are positive. Salesforce.com has $152 highest and $18 lowest target. $116.12’s average target is -5.46% below currents $122.82 stock price. Salesforce.com had 231 analyst reports since August 21, 2015 according to SRatingsIntel. As per Thursday, March 1, the company rating was maintained by JMP Securities. Piper Jaffray reinitiated the shares of CRM in report on Friday, April 1 with “Overweight” rating. The rating was maintained by Jefferies with “Hold” on Thursday, May 19. The stock of salesforce.com, inc. (NYSE:CRM) has “Neutral” rating given on Friday, November 20 by DA Davidson. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, November 19 by Stifel Nicolaus. The firm has “Hold” rating by Jefferies given on Wednesday, August 23. The firm has “Buy” rating by Guggenheim given on Wednesday, January 10. The firm has “Outperform” rating given on Thursday, September 1 by RBC Capital Markets. Deutsche Bank maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, August 23 with “Buy” rating. The rating was maintained by Mizuho with “Buy” on Thursday, May 19.

Analysts await Nexstar Media Group, Inc. (NASDAQ:NXST) to report earnings on May, 9 before the open. They expect $1.25 earnings per share, up 184.09% or $0.81 from last year’s $0.44 per share. NXST’s profit will be $57.64 million for 12.89 P/E if the $1.25 EPS becomes a reality. After $1.61 actual earnings per share reported by Nexstar Media Group, Inc. for the previous quarter, Wall Street now forecasts -22.36% negative EPS growth.

Tiger Legatus Capital Management Llc, which manages about $489.82M and $264.39M US Long portfolio, upped its stake in Lions Gate Entmnt Corp by 25,000 shares to 275,000 shares, valued at $9.30 million in 2017Q4, according to the filing. It also increased its holding in Canada Goose Holdings Inc by 100,000 shares in the quarter, for a total of 525,000 shares, and has risen its stake in Descartes Sys Group Inc (NASDAQ:DSGX).

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.29, from 1.37 in 2017Q3. It turned negative, as 36 investors sold NXST shares while 70 reduced holdings. 46 funds opened positions while 69 raised stakes. 49.44 million shares or 6.28% more from 46.52 million shares in 2017Q3 were reported. Park West Asset Mgmt, California-based fund reported 985,555 shares. Raymond James And Associates holds 4,018 shares. Manufacturers Life Ins The accumulated 33,423 shares. 17,124 were reported by Cooper Creek Prtnrs Ltd. D E Shaw Company stated it has 0.01% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST). Ameriprise Financial owns 725,347 shares or 0.03% of their US portfolio. Millennium Mngmt Limited Liability Co owns 147,516 shares. Stifel Fincl Corp owns 0.03% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 117,305 shares. Beach Point Cap Mgmt Lp stated it has 446,300 shares or 8.35% of all its holdings. Waratah Cap Advsr Limited owns 0.44% invested in Nexstar Media Group, Inc. (NASDAQ:NXST) for 49,006 shares. 16,062 are held by Gsa Capital Llp. Fifth Third Bank reported 819 shares. Federated Invsts Pa reported 0.04% stake. Bluemountain Lc has invested 0.4% in Nexstar Media Group, Inc. (NASDAQ:NXST). Brown Advisory stated it has 0.2% in Nexstar Media Group, Inc. (NASDAQ:NXST).

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 has $105.0 highest and $60 lowest target. $81.85’s average target is 27.00% above currents $64.45 stock price. Nexstar Broadcasting Group had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Noble Financial with “Buy” on Wednesday, December 20. The company was maintained on Monday, June 12 by Jefferies. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) has “Buy” rating given on Thursday, January 4 by Wells Fargo. Barrington Research maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Monday, November 14. Barrington Research has “Outperform” rating and $70 target. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by B. Riley & Co on Tuesday, November 7. The rating was maintained by RBC Capital Markets on Monday, September 18 with “Buy”. Deutsche Bank maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Wednesday, November 8. Deutsche Bank has “Buy” rating and $85 target. Wedbush maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Wednesday, January 18. Wedbush has “Outperform” rating and $75 target. The firm has “Outperform” rating given on Wednesday, March 1 by Wedbush. The stock of Nexstar Media Group, Inc. (NASDAQ:NXST) earned “Buy” rating by RBC Capital Markets on Monday, November 6.

Since October 27, 2017, it had 0 insider purchases, and 1 sale for $12,591 activity.

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

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