5 Value Stocks in Seth Klarman’s Latest Portfolio

In this article, we discuss 5 value stocks in Seth Klarman’s latest portfolio. If you want to read our detailed analysis of these stocks, go directly to 10 Value Stocks in Seth Klarman’s Latest Portfolio.

5. Nexstar Media Group, Inc. (NASDAQ:NXST)

Number of Hedge Fund Holders: 41    

PE Ratio: 9.67  

Nexstar Media Group, Inc. (NASDAQ:NXST) is a television broadcasting and digital media group. It is one of the top media stocks in the finance world. Among the hedge funds being tracked by Insider Monkey, Canada-based investment firm Cardinal Capital is a leading shareholder in Nexstar Media Group, Inc. (NASDAQ:NXST), with 1.1 million shares worth more than $169 million.  

According to the latest filings, Baupost Group owned over 1.7 million shares of Nexstar Media Group, Inc. (NASDAQ:NXST) at the end of the fourth quarter of 2021 worth $258 million, representing 2.55% of the portfolio. 

In its Q1 2021 investor letter, Richie Capital Group, an asset management firm, highlighted a few stocks and Nexstar Media Group, Inc. (NASDAQ:NXST) was one of them. Here is what the fund said:

“Nexstar Media Group, Inc. (NASDAQ:NXST) – The television broadcasting and digital media company reported strong Q4 earnings with revenue growing 25% over the year prior. The company set records across every key financial metric and exceeded management outlook. For the full year, the company boosted free cash flow by 191% partly as a result of the full integration of their Tribune Media acquisition. Nexstar Media Group, Inc. (NASDAQ:NXST) still trades at an attractive valuation and offers a 17% FCF yield. The Supreme Court’s recent ruling allowing the FCC to loosen local media ownership restrictions will support more consolidation within the industry. This is a positive for Nexstar Media Group, Inc. (NASDAQ:NXST) who is well positioned to acquire strategic assets. You can find our original investment thesis here.”