Natixis Advisors LLC Has $1.68 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Natixis Advisors LLC raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,185 shares of the company’s stock after buying an additional 117 shares during the period. Natixis Advisors LLC’s holdings in Nexstar Media Group were worth $1,684,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in shares of Nexstar Media Group in the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Nexstar Media Group by 3,700.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Nexstar Media Group in the third quarter valued at $44,000. GAMMA Investing LLC raised its holdings in shares of Nexstar Media Group by 112.2% in the second quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock valued at $49,000 after buying an additional 156 shares during the last quarter. Finally, Mascoma Wealth Management LLC bought a new position in shares of Nexstar Media Group in the second quarter valued at about $49,000. 95.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, insider Brett Jenkins sold 4,331 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $170.64, for a total transaction of $739,041.84. Following the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $4,358,145.60. This trade represents a 14.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction that occurred 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 directly owns 674,694 shares in the company, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,423 shares of company stock valued at $7,916,739. Company insiders own 6.30% of the company’s stock.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $170.61 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $5.29 billion, a P/E ratio of 9.87, a PEG ratio of 0.20 and a beta of 1.48. The business has a 50-day moving average of $168.98 and a 200-day moving average of $167.16. Nexstar Media Group, Inc. has a 1 year low of $141.38 and a 1 year high of $191.86.

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

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.69 per share. The ex-dividend date is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.96%. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NXST shares. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, Guggenheim cut their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $198.50.

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.