Here’s Who Just Picked Up Nexstar Media Group Inc. (NASDAQ:NXST) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Nexstar Media Group Inc. (NASDAQ:NXST) reported that Park West Asset Management has picked up 1,174,927of common stock as of 2017-02-21.
The acquisition brings the aggregate amount owned by Park West Asset Management to a total of 1,174,927 representing a 3.8% stake in the company.
For those not familiar with the company, Nexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. The Company’s segments include Broadcasting and Other. The Company’s broadcast segment includes television stations and related community focused Websites that it owns, operates, programs or provides sales and other services to in various markets across the United States. The stations the Company owns and operates or provides services to provide free over-the-air programming to its markets’ television viewing audiences. The programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.
A glance at Nexstar Media Group Inc. (NASDAQ:NXST)’s key stats reveals a current market capitalization of 2.06 billion based on 30.70 million shares outstanding and a price at last close of $67.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-29, Carter picked up 1,000 at a purchase price of $44.55. This brings their total holding to 65,947 as of the date of the filing.
On the sell side, the most recent transaction saw Sook unload 10,725 shares at a sale price of $62.26. This brings their total holding to 990,231.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Nexstar Media Group Inc. (NASDAQ:NXST) as things move forward to see if its progress aligns with these transactions.
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Epperson Stuart W. is Buying Salem Media Group Inc. (NASDAQ:SALM) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Salem Media Group Inc. (NASDAQ:SALM) reported that Epperson Stuart W. has picked up 3,789,824 of common stock as of 2017-02-08.
The acquisition brings the aggregate amount owned by Epperson Stuart W. to a total of 3,789,824 representing a 18.70% stake in the company.
For those not familiar with the company, Salem Media Group, Inc., formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing. The Company’s broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets. The Company’s radio stations carry national and local programming content, as well as national and local advertisers. The Company’s Digital Media segment focuses on Web-based platform designed for audiences interested in Christian and family-themed content and conservative news. The Company’s publishing segment consists of Regnery Publishing, Xulon Press and Salem Publishing. The Company owns and operates approximately 116 radio stations in over 40 markets.
A glance at Salem Media Group Inc. (NASDAQ:SALM)’s key stats reveals a current market capitalization of 162.71 million based on 20.27 million shares outstanding and a price at last close of $6.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-19, Halvorson picked up 1,792 at a purchase price of $6.51. This brings their total holding to 8,000 as of the date of the filing.
On the sell side, the most recent transaction saw Santrella unload 827 shares at a sale price of $8.03. This brings their total holding to 6,720.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Salem Media Group Inc. (NASDAQ:SALM) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.