Dimensional Fund Advisors LP Purchases 4,704 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Dimensional Fund Advisors LP raised its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,331,355 shares of the company's stock after buying an additional 4,704 shares during the period. Dimensional Fund Advisors LP owned approximately 4.29% of Nexstar Media Group worth $210,314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock valued at $190,650,000 after buying an additional 1,202,453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Nexstar Media Group by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company's stock worth $174,103,000 after acquiring an additional 18,675 shares during the period. Demars Financial Group LLC grew its stake in Nexstar Media Group by 16,009.5% during the 4th quarter. Demars Financial Group LLC now owns 773,737 shares of the company's stock valued at $122,227,000 after acquiring an additional 768,934 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Nexstar Media Group by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 403,728 shares of the company's stock valued at $63,777,000 after purchasing an additional 19,116 shares during the period. Finally, Norges Bank purchased a new stake in shares of Nexstar Media Group in the fourth quarter worth approximately $44,460,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

NXST has been the topic of several research reports. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $190.00 to $200.00 in a research note on Friday, February 28th. StockNews.com downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Benchmark boosted their target price on Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Guggenheim raised their price target on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Monday, March 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.43.

Insider Activity at Nexstar Media Group

In related news, Director Charles Thomas Mcmillen sold 2,000 shares of the business'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 transaction, the director now directly owns 4,975 shares in the company, valued at $843,312.25. The trade was a 28.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Alford sold 3,768 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the transaction, the insider now directly owns 5,405 shares of the company's stock, valued at approximately $983,601.90. This trade represents a 41.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock worth $6,722,463 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Nexstar Media Group Stock Down 0.4 %

Shares of NXST traded down $0.55 during trading hours on Monday, hitting $151.57. 58,778 shares of the company were exchanged, compared to its average volume of 372,644. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $4.62 billion, a PE ratio of 8.77, a PEG ratio of 0.45 and a beta of 1.09. The firm's 50 day moving average is $163.19 and its 200-day moving average is $163.17. Nexstar Media Group, Inc. has a 52 week low of $143.32 and a 52 week high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $1.86 per share. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 4.91%. Nexstar Media Group's dividend payout ratio is presently 34.56%.

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.