Thrivent Financial for Lutherans Sells 262 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Thrivent Financial for Lutherans reduced its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,861 shares of the company’s stock after selling 262 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Nexstar Media Group were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in Nexstar Media Group by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after purchasing an additional 68 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock worth $87,000 after buying an additional 73 shares during the period. Davis Capital Management grew its stake in Nexstar Media Group by 2.0% in the 4th quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after buying an additional 122 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Nexstar Media Group by 5.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,518 shares of the company’s stock valued at $398,000 after acquiring an additional 137 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Nexstar Media Group by 1.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,127 shares of the company’s stock worth $1,600,000 after acquiring an additional 140 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on NXST shares. Benchmark upped their target price on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Guggenheim boosted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and a consensus price target of $208.43.

Nexstar Media Group Price Performance

NXST stock opened at $179.22 on Tuesday. The company’s 50-day moving average price is $162.89 and its two-hundred day moving average price is $164.76. The firm has a market cap of $5.47 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.45 and a beta of 1.47. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 12 month low of $146.04 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. On average, analysts anticipate that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.86 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.15%. Nexstar Media Group’s dividend payout ratio (DPR) is 34.56%.

Insider Activity at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 2,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the completion of the transaction, the director now directly owns 4,975 shares in the company, valued at approximately $843,312.25. This represents a 28.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Perry A. Sook sold 32,096 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares in the company, valued at $137,563,262.73. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,105 shares of company stock valued at $6,722,463 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

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.