Nexstar Media Group, Inc. (NASDAQ:NXST) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 97.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,711 shares of the company’s stock after acquiring an additional 20,140 shares during the quarter. Victory Capital Management Inc. owned approximately 0.13% of Nexstar Media Group worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Nexstar Media Group by 67.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock valued at $4,339,000 after purchasing an additional 10,603 shares during the period. SGL Investment Advisors Inc. acquired a new position in Nexstar Media Group during the 3rd quarter valued at approximately $3,758,000. Charles Schwab Investment Management Inc. boosted its position in Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock valued at $179,149,000 after purchasing an additional 7,117 shares during the period. Quest Partners LLC boosted its position in Nexstar Media Group by 661.4% during the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after purchasing an additional 7,533 shares during the period. Finally, Holocene Advisors LP boosted its position in Nexstar Media Group by 680.9% during the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock valued at $2,847,000 after purchasing an additional 15,014 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Guggenheim boosted their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 28th. StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Barrington Research reiterated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $208.43.

Nexstar Media Group Trading Up 0.8 %

Shares of NXST opened at $169.88 on Friday. Nexstar Media Group, Inc. has a 1 year low of $146.04 and a 1 year high of $191.86. 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 stock has a 50 day simple moving average of $157.63 and a 200-day simple moving average of $163.83. The stock has a market cap of $5.18 billion, a PE ratio of 9.83, a PEG ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results 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 return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.86 per share. The ex-dividend date 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 dividend on an annualized basis and a yield of 4.38%. Nexstar Media Group’s dividend payout ratio is 34.56%.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. This represents a 7.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Weitman sold 1,241 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the transaction, the insider now owns 3,975 shares in the company, valued at $704,409.75. The trade was a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 161,455 shares of company stock worth $26,158,403 in the last three months. Insiders own 6.30% of the company’s stock.

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.