Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,817 shares of the company’s stock after acquiring an additional 982 shares during the period. Creative Planning’s holdings in Nexstar Media Group were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NXST. Chicago Partners Investment Group LLC acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at approximately $232,000. Goldman Sachs Group Inc. increased its stake in shares of Nexstar Media Group by 2.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 278,714 shares of the company’s stock worth $43,688,000 after acquiring an additional 7,514 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Nexstar Media Group during the 4th quarter worth $235,000. Davis Capital Management boosted its position in shares of Nexstar Media Group by 3.7% during the 1st quarter. Davis Capital Management now owns 5,763 shares of the company’s stock valued at $980,000 after acquiring an additional 207 shares during the last quarter. Finally, Alaska Permanent Fund Corp increased its position in Nexstar Media Group by 4.7% during the first quarter. Alaska Permanent Fund Corp now owns 15,204 shares of the company’s stock worth $2,619,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut 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. Wells Fargo & Company decreased their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Benchmark reissued a “buy” rating and set a $225.00 price objective on shares of Nexstar Media Group in a research report on Friday, August 9th. Finally, Guggenheim decreased their target price 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. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Nexstar Media Group Stock Up 2.0 %

Shares of NXST opened at $169.67 on Friday. The company’s 50-day simple moving average is $165.53 and its 200-day simple moving average is $165.86. 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, Inc. has a 1 year low of $133.55 and a 1 year high of $187.27. The stock has a market capitalization of $5.47 billion, a PE ratio of 13.34, a P/E/G ratio of 0.19 and a beta of 1.49.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results 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). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. Nexstar Media Group’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.64 earnings per share. Analysts forecast that Nexstar Media Group, Inc. will post 25.72 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.76 annualized dividend and a yield of 3.98%. Nexstar Media Group’s payout ratio is 53.14%.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the transaction, the insider now directly owns 10,684 shares of the company’s stock, valued at approximately $1,715,957.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Charles Thomas Mcmillen sold 250 shares of Nexstar Media Group stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $164.44, for a total transaction of $41,110.00. Following the completion of the sale, the director now directly owns 7,725 shares of the company’s stock, valued at approximately $1,270,299. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the transaction, the insider now owns 10,684 shares of the company’s stock, valued at approximately $1,715,957.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,112 shares of company stock valued at $6,887,029 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Company 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.