Luxor Capital Initiates Stakes in Nexstar Broadcasting Group, Inc. (NXST) and CBL & Associates Properties, Inc. (CBL)

In a couple of filings, Luxor Capital Group, managed by Christian Leone, revealed adding Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) and CBL & Associates Properties, Inc. (NYSE:CBL) to its equity portfolio.

Christian Leone

In its first filing, Luxor Capital Group revealed that it currently holds around 1.63 million shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). The stake amasses 5.4% of the class A common stock of the company.

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) is a television broadcasting and digital media company.

At the end of the fourth quarter, Southpoint Capital Advisors, managed by Rob Butts and Josh Clark, held 1.18 million shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), worth $65.48 million. Steven Cohen’s Sac Capital Advisors, also disclosed owning 193,800 shares of Nexstar Broadcasting at the end of December.

Luxor Capital Group has also initiated a position in CBL & Associates Properties, Inc. (NYSE:CBL), a real estate investment trust. According to the filing, Luxor Capital Group now holds 8.81 million shares of CBL & Associates, which are equal to 5.2% of the common stock.

Another hedge fund bullish on CBL & Associates Properties, Inc. (NYSE:CBL) is Invesco Private Capital, managed by Wilbur Ross, which held 7.33 million shares of the company at the end of last year. Ken Griffin’s Citadel Investment Group, also owned 162,200 shares of the company at the end of the fourth quarter.

Luxor Capital Group is a balanced hedge fund, which invests both in equity and fixed income investments and also invests in distressed companies.

Last month, Luxor Capital Group reported adding 1.78 million shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) to its equity portfolio, amassing 6.3% of the company’s common stock. A week before, the fund disclosed that it initiated a stake in AMC Entertainment Holdings Inc (NYSE:AMC), and that it holds 1.28 million class A shares, equal to 6.1% of the class A common stock.

Disclosure: none

Recommended Reading:

Crosslink Capital Disposed 1.5 Million Shares of Pandora Media Inc (P)

Ackman’s Pershing Square Cuts Its Stake in Beam Inc (BEAM)

John Burbank’s Largest Stock Picks

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!