Yousif Capital Management LLC Reduces Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Yousif Capital Management LLC cut its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,180 shares of the company’s stock after selling 628 shares during the quarter. Yousif Capital Management LLC’s holdings in Nexstar Media Group were worth $1,766,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NXST. Pacer Advisors Inc. grew its stake in shares of Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after buying an additional 1,202,453 shares during the last quarter. Copeland Capital Management LLC raised its position in Nexstar Media Group by 18.1% during the 3rd quarter. Copeland Capital Management LLC now owns 547,728 shares of the company’s stock valued at $90,567,000 after purchasing an additional 83,829 shares in the last quarter. Payden & Rygel grew its position in shares of Nexstar Media Group by 40.4% during the 3rd quarter. Payden & Rygel now owns 110,200 shares of the company’s stock worth $18,222,000 after buying an additional 31,700 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Nexstar Media Group during the third quarter valued at $3,747,000. Finally, SGL Investment Advisors Inc. bought a new stake in shares of Nexstar Media Group in the third quarter valued at about $3,758,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

Shares of NXST opened at $153.06 on Wednesday. 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 cap of $4.75 billion, a PE ratio of 8.85, a P/E/G ratio of 0.44 and a beta of 1.45. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86. The stock has a fifty day moving average price of $158.20 and a 200-day moving average price of $164.98.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio (DPR) is currently 39.10%.

Insider Transactions at Nexstar Media Group

In other news, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total value of $8,312,507.28. Following the completion of the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $106,203,582.54. The trade was a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,209 shares of company stock worth $21,499,239. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, November 7th. Guggenheim reissued a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Finally, StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.29.

About Nexstar Media Group

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.