Cookson Peirce & Co. Inc. Has $809,000 Position in Nexstar Media Group, Inc. $NXST

Cookson Peirce & Co. Inc. increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 22.9% during the second quarter, HoldingsChannel.com reports. The firm owned 4,677 shares of the company’s stock after buying an additional 872 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Nexstar Media Group were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of Nexstar Media Group by 71,715.8% during the first quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company’s stock worth $70,790,000 after purchasing an additional 394,437 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in Nexstar Media Group in the first quarter valued at about $60,064,000. Victory Capital Management Inc. raised its position in shares of Nexstar Media Group by 611.5% during the first quarter. Victory Capital Management Inc. now owns 289,668 shares of the company’s stock worth $51,914,000 after purchasing an additional 248,957 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Nexstar Media Group by 32.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock worth $144,110,000 after purchasing an additional 195,574 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of Nexstar Media Group by 58.3% during the first quarter. Brown Advisory Inc. now owns 352,165 shares of the company’s stock worth $63,115,000 after purchasing an additional 129,647 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Stock Performance

Shares of NASDAQ NXST opened at $193.99 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.80. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $223.36. The stock has a 50 day moving average of $201.82 and a 200-day moving average of $181.52. The company has a market capitalization of $5.88 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.46 and a beta of 1.01.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.54 EPS. As a group, equities research analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.8%. Nexstar Media Group’s payout ratio is 38.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXST shares. Guggenheim raised their price target on Nexstar Media Group from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Benchmark raised their price target on Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nexstar Media Group in a report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and set a $225.00 price objective on shares of Nexstar Media Group in a report on Tuesday, August 19th. Finally, Wells Fargo & Company increased their price objective on Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.00.

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.