CX Institutional Buys 183 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

CX Institutional boosted its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 13.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,579 shares of the company’s stock after acquiring an additional 183 shares during the quarter. CX Institutional’s holdings in Nexstar Media Group were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NXST. Brooklyn Investment Group bought a new position in Nexstar Media Group in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in Nexstar Media Group in the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group during the third quarter valued at $33,000. Capital Performance Advisors LLP bought a new position in shares of Nexstar Media Group during the third quarter valued at $44,000. Finally, Quarry LP raised its stake in shares of Nexstar Media Group by 77.8% during the second quarter. Quarry LP now owns 297 shares of the company’s stock valued at $49,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 0.9 %

NASDAQ:NXST opened at $157.72 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.26 and a beta of 1.45. The firm has a fifty day simple moving average of $161.79 and a two-hundred day simple moving average of $166.94. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. Analysts expect that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

Insider Activity

In other news, CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the completion of the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at $128,380,774.32. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 875 shares of Nexstar Media Group stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the transaction, the director now owns 5,752 shares of the company’s stock, valued at $989,344. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,448 shares of company stock worth $23,828,076 over the last three months. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Guggenheim reiterated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.29.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.