Dimensional Fund Advisors LP Has $220.19 Million Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Dimensional Fund Advisors LP lifted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,326,476 shares of the company’s stock after buying an additional 62,331 shares during the period. Dimensional Fund Advisors LP owned about 4.03% of Nexstar Media Group worth $220,189,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NXST. Whittier Trust Co. acquired a new position in Nexstar Media Group during the second quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Nexstar Media Group by 632.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 177 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Nexstar Media Group by 41.1% in the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Nexstar Media Group by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock valued at $49,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Transactions at Nexstar Media Group

In related news, CFO Lee Ann Gliha sold 984 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total transaction of $155,107.92. Following the transaction, the chief financial officer now owns 8,107 shares in the company, valued at approximately $1,277,906.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Lee Ann Gliha sold 984 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the sale, the chief financial officer now directly owns 8,107 shares in the company, valued at approximately $1,277,906.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sean Compton sold 3,930 shares of the company’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 transaction, the insider now directly owns 10,684 shares in the company, valued at $1,715,957.24. The disclosure for this sale can be found here. Insiders sold a total of 27,644 shares of company stock valued at $4,643,760 in the last quarter. 5.90% of the stock is currently owned by company insiders.

Nexstar Media Group Price Performance

NXST stock opened at $167.92 on Thursday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.18 and a beta of 1.50. The company’s fifty day simple moving average is $170.08 and its 200 day simple moving average is $165.68. Nexstar Media Group, Inc. has a 12-month low of $132.30 and a 12-month high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $2.64 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts expect that Nexstar Media Group, Inc. will post 25.72 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, August 9th. Nexstar Media Group’s payout ratio is 57.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $201.67.

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.