Pacer Advisors Inc. Has $190.65 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Pacer Advisors Inc. increased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 27,180.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,206,877 shares of the company’s stock after buying an additional 1,202,453 shares during the quarter. Pacer Advisors Inc.’s holdings in Nexstar Media Group were worth $190,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CX Institutional lifted its position in shares of Nexstar Media Group by 5.0% during the 3rd quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after buying an additional 67 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $1,073,000 after acquiring an additional 68 shares during the period. Blue Trust Inc. boosted its stake in shares of Nexstar Media Group by 7.3% in the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after purchasing an additional 74 shares in the last quarter. Natixis Advisors LLC grew its stake in Nexstar Media Group by 1.2% during the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock worth $1,684,000 after buying an additional 117 shares during the last quarter. Finally, Davis Capital Management increased its holdings in Nexstar Media Group by 2.0% during the 4th quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Insider Activity

In other news, CFO Lee Ann Gliha sold 330 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $158.23, for a total value of $52,215.90. Following the sale, the chief financial officer now directly owns 8,610 shares in the company, valued at $1,362,360.30. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Perry A. Sook sold 37,025 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $160.14, for a total value of $5,929,183.50. Following the transaction, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $108,045,497.16. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,448 shares of company stock worth $23,828,076 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Nexstar Media Group Price Performance

NXST opened at $157.72 on Monday. The stock has a market cap of $4.89 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.26 and a beta of 1.45. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86. 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 company has a fifty day simple moving average of $161.79 and a 200 day simple moving average of $166.94.

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

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Friday, November 15th. Nexstar Media Group’s payout ratio is currently 39.10%.

Analyst Ratings Changes

NXST has been the subject of several research reports. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note 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. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Finally, Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.29.

Nexstar Media Group 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.