Jump Financial LLC Purchases Shares of 10,060 Nexstar Media Group, Inc. (NASDAQ:NXST)

Jump Financial LLC acquired a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the 4th quarter, HoldingsChannel reports. The firm acquired 10,060 shares of the company’s stock, valued at approximately $1,589,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Nexstar Media Group during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group in the third quarter valued at $33,000. Jones Financial Companies Lllp raised its holdings in shares of Nexstar Media Group by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after buying an additional 73 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Nexstar Media Group by 99.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company’s stock worth $124,000 after buying an additional 392 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Nexstar Media Group by 31.0% during the 4th quarter. Venturi Wealth Management LLC now owns 883 shares of the company’s stock worth $139,000 after acquiring an additional 209 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NXST shares. Guggenheim boosted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Loop Capital raised Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price target for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Finally, Benchmark raised their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Nexstar Media Group has an average rating of “Moderate Buy” and a consensus target price of $208.43.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the sale, the insider now owns 5,405 shares of the company’s stock, valued at $983,601.90. This trade represents a 41.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,105 shares of company stock valued at $6,722,463 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Nexstar Media Group Stock Up 0.2 %

Shares of Nexstar Media Group stock opened at $147.50 on Friday. Nexstar Media Group, Inc. has a 12 month low of $143.32 and a 12 month high of $191.86. The business has a fifty day simple moving average of $163.42 and a 200 day simple moving average of $163.67. 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 cap of $4.50 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The company 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%. Research analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.86 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 5.04%. Nexstar Media Group’s dividend payout ratio (DPR) is 34.56%.

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.