Aigen Investment Management LP Boosts Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Aigen Investment Management LP raised its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 99.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,539 shares of the company’s stock after acquiring an additional 1,767 shares during the period. Aigen Investment Management LP’s holdings in Nexstar Media Group were worth $585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Nexstar Media Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after buying an additional 127,783 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in shares of Nexstar Media Group during the second quarter worth about $570,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Nexstar Media Group by 17.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 98,272 shares of the company’s stock worth $16,932,000 after purchasing an additional 14,574 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Nexstar Media Group by 24.3% during the first quarter. Bessemer Group Inc. now owns 81,875 shares of the company’s stock worth $14,106,000 after purchasing an additional 15,982 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Nexstar Media Group by 72.0% in the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock valued at $32,769,000 after purchasing an additional 83,637 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Down 1.2 %

NXST stock opened at $166.08 on Thursday. The stock has a market capitalization of $5.15 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company has a fifty day moving average of $168.54 and a 200-day moving average of $167.12. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a one year low of $141.38 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $0.70 EPS. Nexstar Media Group’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, analysts expect that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, November 15th. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Analyst Ratings Changes

Several research analysts have commented on NXST shares. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Guggenheim dropped their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Finally, Wells Fargo & Company decreased their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.50.

Insiders Place Their Bets

In other Nexstar Media Group news, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $160.61, for a total transaction of $631,197.30. Following the sale, the insider now directly owns 10,684 shares in the company, valued at approximately $1,715,957.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nexstar Media Group news, EVP Michael Strober sold 1,076 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.50, for a total value of $180,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $160.61, for a total value of $631,197.30. Following the sale, the insider now directly owns 10,684 shares in the company, valued at $1,715,957.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,367 shares of company stock worth $9,060,758. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group 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.