Demars Financial Group LLC Has $122.23 Million Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Demars Financial Group LLC grew its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 16,009.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 773,737 shares of the company’s stock after acquiring an additional 768,934 shares during the quarter. Demars Financial Group LLC owned 2.49% of Nexstar Media Group worth $122,227,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nexstar Media Group by 1.1% in 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 in the last quarter. Jones Financial Companies Lllp lifted its position in 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 in the last quarter. Mariner LLC boosted its stake in shares of Nexstar Media Group by 5.3% during the 4th quarter. Mariner LLC now owns 2,300 shares of the company’s stock worth $363,000 after buying an additional 115 shares during the last quarter. Davis Capital Management grew its holdings in shares of 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 acquiring an additional 122 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Nexstar Media Group by 5.8% in the fourth 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 last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the subject of several recent research reports. StockNews.com downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Guggenheim raised 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 note on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $190.00 to $200.00 in a research note on Friday, February 28th. Benchmark increased their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.43.

Nexstar Media Group Trading Down 3.4 %

Shares of NXST stock opened at $147.19 on Thursday. 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, Inc. has a fifty-two week low of $143.32 and a fifty-two week high of $191.86. The company has a market cap of $4.49 billion, a PE ratio of 8.51, a P/E/G ratio of 0.45 and a beta of 1.09. The stock’s fifty day moving average price is $163.61 and its two-hundred day moving average price is $163.92.

Nexstar Media Group (NASDAQ:NXST) last released 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). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Equities analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently disclosed 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. This represents a $7.44 dividend on an annualized basis and a yield of 5.05%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date of this dividend was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is currently 34.56%.

Insider Activity at Nexstar Media Group

In related news, Director Charles Thomas Mcmillen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 owns 4,975 shares in the company, valued at $843,312.25. This trade represents a 28.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares in the company, valued at approximately $137,563,262.73. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock valued at $6,722,463 in the last quarter. 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.