Epoch Investment Partners Inc. Has $1.95 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Epoch Investment Partners Inc. cut its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 81.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,761 shares of the company’s stock after selling 51,021 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Nexstar Media Group were worth $1,952,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Nexstar Media Group by 41.1% during the fourth quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after buying an additional 86 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Nexstar Media Group by 7.1% in the 4th quarter. Personal CFO Solutions LLC now owns 3,066 shares of the company’s stock worth $481,000 after buying an additional 202 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Nexstar Media Group during the fourth quarter worth $232,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Nexstar Media Group during the 1st quarter worth about $2,111,000. Finally, Vanguard Group Inc. lifted its holdings in Nexstar Media Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after purchasing an additional 127,783 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barrington Research reissued an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company lowered their price objective on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $225.00 target price on shares of Nexstar Media Group in a research report on Friday, August 9th. Finally, StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.67.

Nexstar Media Group Trading Down 0.4 %

Shares of NASDAQ NXST opened at $165.74 on Tuesday. The company’s fifty day moving average is $169.57 and its 200-day moving average is $165.90. 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 stock has a market cap of $5.46 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.18 and a beta of 1.49. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $2.64 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Friday, August 9th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 57.19%.

Insider Transactions at Nexstar Media Group

In related news, CFO Lee Ann Gliha sold 984 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total transaction of $155,107.92. Following the sale, the chief financial officer now owns 8,107 shares in the company, valued at $1,277,906.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Lee Ann Gliha sold 984 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the sale, the chief financial officer now directly owns 8,107 shares of the company’s stock, valued at approximately $1,277,906.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Thomas Mcmillen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now owns 7,975 shares of the company’s stock, valued at $1,276,000. The disclosure for this sale can be found here. Insiders sold 30,426 shares of company stock valued at $5,116,478 in the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

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.