Hennion & Walsh Asset Management Inc. Has $398,000 Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,518 shares of the company’s stock after purchasing an additional 137 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Nexstar Media Group were worth $398,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group during the 3rd quarter worth about $25,000. True Wealth Design LLC acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $33,000. Capital Performance Advisors LLP acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $44,000. Finally, Quarry LP boosted its position in shares of Nexstar Media Group by 77.8% during the 2nd quarter. Quarry LP now owns 297 shares of the company’s stock worth $49,000 after acquiring an additional 130 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lisbeth Mcnabb sold 875 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $172.00, for a total value of $150,500.00. Following the completion of the sale, the director now owns 5,752 shares of the company’s stock, valued at approximately $989,344. This represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Perry A. Sook sold 37,025 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $160.14, for a total transaction of $5,929,183.50. Following the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at $108,045,497.16. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,448 shares of company stock valued at $23,828,076 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $153.57 on Wednesday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.25 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86. The firm’s 50-day simple moving average is $162.30 and its two-hundred day simple moving average is $167.18.

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

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.69 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.40%. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Guggenheim reduced their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a report on Friday, October 4th. Finally, StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.29.

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.