Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Global Financial Private Client LLC

Global Financial Private Client LLC decreased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 92.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310 shares of the company’s stock after selling 3,729 shares during the period. Global Financial Private Client LLC’s holdings in Nexstar Media Group were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. City Center Advisors LLC bought a new stake in Nexstar Media Group during the fourth quarter worth approximately $223,000. Harbor Capital Advisors Inc. lifted its position in shares of Nexstar Media Group by 1.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,127 shares of the company’s stock valued at $1,600,000 after acquiring an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nexstar Media Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after acquiring an additional 68 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Nexstar Media Group by 57.8% in the 3rd quarter. Tidal Investments LLC now owns 3,217 shares of the company’s stock worth $532,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group during the third quarter worth $33,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Up 0.5 %

NXST stock opened at $151.98 on Wednesday. The company has a 50 day moving average of $164.95 and a two-hundred day moving average of $167.77. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a 12-month low of $147.25 and a 12-month 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.

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

Nexstar Media Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.45%. Nexstar Media Group’s dividend payout ratio is 39.10%.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of recent analyst reports. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Guggenheim lowered 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 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 stock. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 12,239 shares of the business’s stock in a transaction 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 $128,380,774.32. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total value of $82,225.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $328,900. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,448 shares of company stock valued at $23,828,076. 6.30% of the stock is owned by corporate insiders.

About Nexstar Media Group

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.