Aquatic Capital Management LLC Sells 16,056 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Aquatic Capital Management LLC lessened its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 79.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,244 shares of the company's stock after selling 16,056 shares during the quarter. Aquatic Capital Management LLC's holdings in Nexstar Media Group were worth $670,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in Nexstar Media Group by 16.8% in the 3rd quarter. Barclays PLC now owns 45,051 shares of the company's stock valued at $7,448,000 after buying an additional 6,475 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Nexstar Media Group in the third quarter worth $3,747,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Nexstar Media Group in the third quarter valued at $33,000. Tidal Investments LLC grew its position in shares of Nexstar Media Group by 57.8% in the third quarter. Tidal Investments LLC now owns 3,217 shares of the company's stock valued at $532,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Nexstar Media Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company's stock valued at $1,073,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

NXST has been the topic of a number of analyst reports. Benchmark upped their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, February 28th. 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 report on Thursday. StockNews.com lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Finally, Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $190.00 to $200.00 in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.14.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 2,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total transaction of $339,020.00. Following the sale, the director now directly owns 4,975 shares of the company's stock, valued at $843,312.25. This trade represents a 28.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction that occurred 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 owns 806,019 shares of the company's stock, valued at $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,105 shares of company stock valued at $6,722,463. Insiders own 6.30% of the company's stock.

Nexstar Media Group Stock Up 5.5 %

Shares of NXST traded up $7.98 during trading hours on Friday, hitting $152.66. The company had a trading volume of 779,004 shares, compared to its average volume of 380,689. Nexstar Media Group, Inc. has a 52-week low of $141.66 and a 52-week high of $191.86. The firm has a fifty day moving average price of $163.01 and a 200-day moving average price of $162.47. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.45 and a beta of 1.06. 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 - Get Free Report) last issued 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). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

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.