Caxton Associates LP Has $883,000 Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Caxton Associates LP reduced its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,591 shares of the company’s stock after selling 441 shares during the period. Caxton Associates LP’s holdings in Nexstar Media Group were worth $883,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Nexstar Media Group in the third quarter valued at $33,000. Jones Financial Companies Lllp increased 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 purchasing an additional 73 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Nexstar Media Group by 99.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company’s stock valued at $124,000 after purchasing an additional 392 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of 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 buying an additional 209 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

NXST has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Benchmark decreased their price objective on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Monday, March 10th. Finally, Guggenheim upped their price target 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. One investment 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 an average rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Buying and Selling at Nexstar Media Group

In other news, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the sale, the insider now owns 5,405 shares in the company, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is currently owned by corporate insiders.

Nexstar Media Group Stock Down 0.5 %

Shares of NASDAQ NXST opened at $154.52 on Wednesday. The stock has a market capitalization of $4.71 billion, a P/E ratio of 8.94, a PEG ratio of 0.45 and a beta of 1.06. The stock’s fifty day moving average is $163.03 and its 200 day moving average is $162.29. Nexstar Media Group, Inc. has a 52 week low of $141.66 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, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm 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%. Sell-side analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, May 19th. Nexstar Media Group’s payout ratio is presently 34.56%.

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.