XTX Topco Ltd Buys Shares of 9,062 Nexstar Media Group, Inc. (NASDAQ:NXST)

XTX Topco Ltd purchased a new position in Nexstar Media Group, Inc. (NASDAQ:NXST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,062 shares of the company’s stock, valued at approximately $1,504,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Whittier Trust Co. purchased a new position in Nexstar Media Group in the second quarter worth $27,000. EverSource Wealth Advisors LLC boosted its position in shares of Nexstar Media Group by 632.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 177 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Nexstar Media Group by 3,700.0% in 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 grew its stake in Nexstar Media Group by 41.1% during the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock worth $46,000 after buying an additional 86 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in 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 buying an additional 156 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the transaction, the director now owns 7,975 shares of the company’s stock, valued at $1,276,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the sale, the director now directly owns 7,975 shares of the company’s stock, valued at $1,276,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay M. Grossman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $170.70, for a total value of $1,707,000.00. Following the transaction, the director now directly owns 54,625 shares of the company’s stock, valued at $9,324,487.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,644 shares of company stock valued at $4,643,760. Corporate insiders own 5.90% of the company’s stock.

Nexstar Media Group Price Performance

Shares of NXST opened at $167.66 on Friday. The business’s 50-day moving average is $170.02 and its two-hundred day moving average is $165.69. The company has a market capitalization of $5.52 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.18 and a beta of 1.50. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.27. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.78 and a current ratio of 1.78.

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

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Friday, August 9th. Nexstar Media Group’s dividend payout ratio is currently 57.19%.

Analyst Upgrades and Downgrades

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