2,144 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) during the third quarter, HoldingsChannel reports. The firm acquired 2,144 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $25,000. Whittier Trust Co. bought a new stake in Nexstar Media Group in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of Nexstar Media Group by 3,700.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after buying an additional 259 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Nexstar Media Group by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock worth $49,000 after acquiring an additional 156 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NXST shares. Barrington Research restated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. Guggenheim reduced their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.50.

Nexstar Media Group Stock Down 0.3 %

Shares of NASDAQ NXST opened at $170.59 on Friday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 9.87, a PEG ratio of 0.20 and a beta of 1.48. The stock’s fifty day moving average is $169.23 and its 200 day moving average is $167.15. Nexstar Media Group, Inc. has a 52 week low of $141.38 and a 52 week high of $191.86. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68.

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

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.96%. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

Insiders Place Their Bets

In related news, insider Brett Jenkins sold 4,331 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $170.64, for a total transaction of $739,041.84. Following the completion of the sale, the insider now directly owns 25,540 shares in the company, valued at $4,358,145.60. This represents a 14.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $128,380,774.32. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,423 shares of company stock worth $7,916,739 over the last three months. Insiders own 6.30% of the company’s stock.

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.