Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 85.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the company's stock after selling 11,292 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Nexstar Media Group were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXST. SBI Securities Co. Ltd. purchased a new stake in Nexstar Media Group during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group in the third quarter worth about $33,000. Jones Financial Companies Lllp lifted its holdings in Nexstar Media Group by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after purchasing an additional 73 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Nexstar Media Group by 99.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company's stock valued at $124,000 after buying an additional 392 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Nexstar Media Group by 31.0% in the fourth quarter. Venturi Wealth Management LLC now owns 883 shares of the company's stock worth $139,000 after acquiring an additional 209 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction 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 transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary Weitman sold 1,241 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the sale, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock valued at $6,722,463 over the last three months. 6.30% of the stock is owned by company insiders.

Nexstar Media Group Trading Up 0.7 %

Shares of NXST stock traded up $1.02 on Tuesday, reaching $153.56. 37,044 shares of the company's stock were exchanged, compared to its average volume of 368,188. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The company's fifty day simple moving average is $163.68 and its 200 day simple moving average is $164.12. Nexstar Media Group, Inc. has a 52 week low of $143.32 and a 52 week high of $191.86. The stock has a market capitalization of $4.68 billion, a PE ratio of 8.89, a P/E/G ratio of 0.45 and a beta of 1.09.

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 analysts' consensus estimates of $9.22 by ($1.66). The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. As a group, analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.86 dividend. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Nexstar Media Group's payout ratio is presently 34.56%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXST. Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Benchmark boosted 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. StockNews.com cut Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.43.

Nexstar Media Group Company 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.