Horizon Investments LLC Sells 13,027 Shares of Nexstar Media Group, Inc. $NXST

Horizon Investments LLC decreased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 94.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the company’s stock after selling 13,027 shares during the period. Horizon Investments LLC’s holdings in Nexstar Media Group were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXST. Integrated Wealth Concepts LLC bought a new position in Nexstar Media Group during the 1st quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after purchasing an additional 5,251 shares during the last quarter. Millennium Management LLC raised its position in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock valued at $13,020,000 after purchasing an additional 61,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Nexstar Media Group by 14.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after acquiring an additional 16,637 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Nexstar Media Group in the 1st quarter worth approximately $654,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Price Performance

NXST stock opened at $202.79 on Monday. Nexstar Media Group, Inc. has a twelve month low of $161.60 and a twelve month high of $254.30. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 3.05. The firm has a market cap of $6.19 billion, a PE ratio of 43.52, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97. The business has a 50 day moving average of $213.50 and a 200 day moving average of $207.97.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 15th. Nexstar Media Group’s dividend payout ratio (DPR) is 253.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NXST shares. Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. Barrington Research reissued an “outperform” rating and issued a $290.00 target price on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Guggenheim increased their target price on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft increased their target price on Nexstar Media Group from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Benchmark decreased their target price on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $262.17.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.