Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,817 shares of the company’s stock after selling 118 shares during the quarter. New York State Teachers Retirement System’s holdings in Nexstar Media Group were worth $1,393,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in Nexstar Media Group by 27,180.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after purchasing an additional 1,202,453 shares in the last quarter. Payden & Rygel lifted its holdings in Nexstar Media Group by 40.4% in the 3rd quarter. Payden & Rygel now owns 110,200 shares of the company’s stock valued at $18,222,000 after purchasing an additional 31,700 shares in the last quarter. World Investment Advisors LLC purchased a new position in Nexstar Media Group in the 3rd quarter valued at about $3,747,000. SGL Investment Advisors Inc. purchased a new position in Nexstar Media Group in the 3rd quarter valued at about $3,758,000. Finally, Stifel Financial Corp lifted its holdings in Nexstar Media Group by 136.8% in the 3rd quarter. Stifel Financial Corp now owns 30,355 shares of the company’s stock valued at $5,019,000 after purchasing an additional 17,535 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXST has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $200.00 to $190.00 in a report on Friday, November 8th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating 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 report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.29.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 875 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $172.00, for a total transaction of $150,500.00. Following the transaction, the director now owns 5,752 shares in the company, valued at $989,344. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Perry A. Sook sold 52,808 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $157.41, for a total value of $8,312,507.28. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at $106,203,582.54. The trade was a 7.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,493 shares of company stock worth $20,354,366 over the last ninety days. 6.30% of the stock is owned by company insiders.

Nexstar Media Group Trading Down 3.2 %

Shares of NXST stock opened at $149.56 on Monday. The firm has a market cap of $4.64 billion, a P/E ratio of 8.65, a PEG ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a 1-year low of $147.25 and a 1-year high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50-day simple moving average is $155.72 and its 200-day simple moving average is $163.57.

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 given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.97%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date is Wednesday, February 12th. Nexstar Media Group’s payout ratio is 43.03%.

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.