Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 231.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,902 shares of the company’s stock after purchasing an additional 2,724 shares during the quarter. Cwm LLC’s holdings in Nexstar Media Group were worth $645,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Nexstar Media Group in the first quarter valued at approximately $2,111,000. Vanguard Group Inc. lifted its holdings in Nexstar Media Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after acquiring an additional 127,783 shares during the period. BNP Paribas Financial Markets lifted its holdings in Nexstar Media Group by 116.3% in the first quarter. BNP Paribas Financial Markets now owns 30,384 shares of the company’s stock valued at $5,235,000 after acquiring an additional 16,338 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in Nexstar Media Group in the second quarter valued at approximately $570,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Nexstar Media Group by 17.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 98,272 shares of the company’s stock valued at $16,932,000 after acquiring an additional 14,574 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Up 0.7 %

Shares of NXST opened at $173.47 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.78 and a current ratio of 1.78. Nexstar Media Group, Inc. has a one year low of $133.55 and a one year high of $187.27. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.19 and a beta of 1.49. The stock has a 50 day moving average price of $165.92 and a 200 day moving average price of $165.85.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Nexstar Media Group, Inc. will post 25.72 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, August 9th. Nexstar Media Group’s payout ratio is 53.14%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXST shares. Wells Fargo & Company decreased their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Guggenheim decreased their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a report on Friday, October 4th. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, August 8th. Finally, Benchmark cut their price objective on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $199.71.

Insider Buying and Selling

In related news, insider Andrew Alford sold 3,175 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $167.82, for a total transaction of $532,828.50. Following the completion of the sale, the insider now directly owns 9,173 shares in the company, valued at approximately $1,539,412.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nexstar Media Group news, CFO Lee Ann Gliha sold 984 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the sale, the chief financial officer now directly owns 8,107 shares in the company, valued at $1,277,906.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Alford sold 3,175 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total value of $532,828.50. Following the completion of the sale, the insider now owns 9,173 shares of the company’s stock, valued at approximately $1,539,412.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,112 shares of company stock worth $6,887,029. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group 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.