First National Bank of Omaha Decreases Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

First National Bank of Omaha trimmed its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,046 shares of the company’s stock after selling 62 shares during the period. First National Bank of Omaha’s holdings in Nexstar Media Group were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NXST. Brooklyn Investment Group acquired a new stake in shares of Nexstar Media Group in the 3rd quarter worth $25,000. Whittier Trust Co. purchased a new stake in Nexstar Media Group in the second quarter valued at about $27,000. True Wealth Design LLC acquired a new stake in Nexstar Media Group in the third quarter worth about $30,000. Allspring Global Investments Holdings LLC grew its stake in shares of Nexstar Media Group by 3,700.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after acquiring an additional 259 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $44,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $170.17 on Monday. Nexstar Media Group, Inc. has a 52-week low of $141.56 and a 52-week high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market cap of $5.28 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. The business has a 50-day simple moving average of $169.93 and a 200-day simple moving average of $167.18.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (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 net margin of 11.39% and a return on equity of 26.03%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, equities analysts expect that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $1.69 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.97%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 39.10%.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Loop Capital downgraded Nexstar Media Group from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Guggenheim cut their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.29.

Insiders Place Their Bets

In related news, CEO Perry A. Sook sold 12,239 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $190.28, for a total value 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 represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay M. Grossman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $170.70, for a total value of $1,707,000.00. Following the completion of the sale, the director now directly owns 54,625 shares in the company, valued at approximately $9,324,487.50. The trade was a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,423 shares of company stock worth $7,916,739. Company insiders own 6.30% of the company’s stock.

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.