Wealth Enhancement Advisory Services LLC Has $1.07 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,487 shares of the company’s stock after purchasing an additional 68 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nexstar Media Group were worth $1,073,000 at the end of the most recent quarter.

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

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, Director Bernadette S. Aulestia sold 500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total value of $82,225.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $328,900. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles Thomas Mcmillen sold 750 shares of Nexstar Media Group stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $159.93, for a total value of $119,947.50. Following the completion of the transaction, the director now owns 6,975 shares in the company, valued at approximately $1,115,511.75. The trade was a 9.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,448 shares of company stock valued at $23,828,076. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Price Performance

Shares of Nexstar Media Group stock opened at $154.19 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a twelve month low of $147.25 and a twelve month high of $191.86. The company has a 50-day simple moving average of $164.53 and a two-hundred day simple moving average of $167.67.

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

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $1.69 per share. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.38%. Nexstar Media Group’s payout ratio is 39.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NXST shares. Benchmark reaffirmed a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a research report on Friday, November 8th. Guggenheim reduced their target price 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. Barrington Research reiterated an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $200.00 to $190.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.