Los Angeles Capital Management LLC Has $416,000 Stake in Nexstar Media Group, Inc. $NXST

Los Angeles Capital Management LLC reduced its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 84.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,403 shares of the company’s stock after selling 13,557 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Nexstar Media Group were worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NXST. Caitlin John LLC bought a new position in shares of Nexstar Media Group in the second quarter valued at about $263,000. Lynx Investment Advisory bought a new stake in Nexstar Media Group during the 1st quarter worth about $311,000. D.A. Davidson & CO. grew its holdings in Nexstar Media Group by 12.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,024 shares of the company’s stock worth $350,000 after acquiring an additional 222 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Nexstar Media Group by 110.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,751 shares of the company’s stock valued at $5,145,000 after acquiring an additional 15,628 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Nexstar Media Group by 63.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,411 shares of the company’s stock worth $1,706,000 after acquiring an additional 3,637 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $225.00 price target on shares of Nexstar Media Group in a report on Tuesday, August 19th. Weiss Ratings lowered Nexstar Media Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, November 10th. Benchmark lifted their price objective 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. Wells Fargo & Company boosted 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. Finally, Guggenheim raised their target price on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Nexstar Media Group Stock Down 0.8%

Shares of NASDAQ:NXST opened at $182.18 on Friday. Nexstar Media Group, Inc. has a 52 week low of $141.66 and a 52 week high of $223.36. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.52 billion, a PE ratio of 9.46, a PEG ratio of 1.40 and a beta of 0.99. The company has a 50 day moving average price of $196.93 and a two-hundred day moving average price of $186.74.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $5.27 earnings per share. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. Analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Nexstar Media Group’s payout ratio is presently 46.13%.

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.