Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 200,289 shares of the company’s stock after selling 1,784 shares during the quarter. Captrust Financial Advisors owned 0.65% of Nexstar Media Group worth $33,118,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Nexstar Media Group by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock valued at $179,149,000 after purchasing an additional 7,117 shares in the last quarter. Quest Partners LLC lifted its stake in Nexstar Media Group by 661.4% in the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after buying an additional 7,533 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Nexstar Media Group by 5.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 111,905 shares of the company’s stock worth $18,504,000 after buying an additional 6,101 shares during the last quarter. GSA Capital Partners LLP increased its stake in Nexstar Media Group by 211.2% during the 3rd quarter. GSA Capital Partners LLP now owns 6,195 shares of the company’s stock worth $1,024,000 after buying an additional 4,204 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Nexstar Media Group during the 2nd quarter worth approximately $570,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Nexstar Media Group

In related news, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction that occurred on 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 owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brett Jenkins sold 4,331 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $170.64, for a total value of $739,041.84. Following the completion of the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $4,358,145.60. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,423 shares of company stock worth $7,916,739 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Nexstar Media Group Trading Down 0.3 %

Shares of NXST opened at $170.59 on Friday. Nexstar Media Group, Inc. has a 12-month low of $141.38 and a 12-month high of $191.86. The firm has a market capitalization of $5.29 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.20 and a beta of 1.48. The firm has a 50-day moving average price of $169.23 and a 200 day moving average price of $167.15. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by ($0.24). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. Sell-side analysts forecast that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.96%. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXST shares. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, Guggenheim lowered their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.50.

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.