Algert Global LLC boosted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 265.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,800 shares of the company's stock after purchasing an additional 14,376 shares during the period. Algert Global LLC owned about 0.06% of Nexstar Media Group worth $3,549,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of Nexstar Media Group by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock valued at $240,481,000 after buying an additional 10,544 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Nexstar Media Group by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company's stock worth $203,964,000 after purchasing an additional 35,938 shares during the period. Demars Financial Group LLC increased its position in shares of Nexstar Media Group by 13.6% during the first quarter. Demars Financial Group LLC now owns 879,253 shares of the company's stock valued at $157,580,000 after buying an additional 105,516 shares during the period. Northern Trust Corp lifted its holdings in Nexstar Media Group by 22.3% in the fourth quarter. Northern Trust Corp now owns 463,139 shares of the company's stock worth $73,162,000 after buying an additional 84,367 shares during the period. Finally, AQR Capital Management LLC boosted its position in Nexstar Media Group by 15.5% during the 4th quarter. AQR Capital Management LLC now owns 423,808 shares of the company's stock valued at $66,949,000 after acquiring an additional 56,935 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NXST shares. Barrington Research reissued an "outperform" rating and issued a $225.00 target price on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Benchmark increased their price objective on Nexstar Media Group from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Nexstar Media Group to a "hold" rating in a report on Friday, August 8th. Wells Fargo & Company increased their price target on shares of Nexstar Media Group from $206.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Guggenheim lifted their price target on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.00.
View Our Latest Report on NXST
Nexstar Media Group Stock Up 1.1%
Shares of NXST traded up $2.22 on Friday, hitting $207.06. 283,097 shares of the stock traded hands, compared to its average volume of 430,769. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $223.36. The company has a market capitalization of $6.28 billion, a PE ratio of 10.75, a P/E/G ratio of 1.54 and a beta of 1.05. The business has a 50 day simple moving average of $185.70 and a 200 day simple moving average of $171.09. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.69 and a current ratio of 1.69.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.95 by $0.11. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.54 earnings per share. As a group, equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.
Nexstar Media Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Nexstar Media Group's payout ratio is 38.63%.
Insider Activity
In related news, insider Sean Compton sold 877 shares of Nexstar Media Group stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $173.59, for a total value of $152,238.43. Following the completion of the sale, the insider owned 13,219 shares of the company's stock, valued at $2,294,686.21. The trade was a 6.22% 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 Dana Zimmer sold 916 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $173.59, for a total value of $159,008.44. Following the sale, the insider owned 4,225 shares of the company's stock, valued at approximately $733,417.75. This represents a 17.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,021 shares of company stock worth $2,885,352. Insiders own 6.70% of the company's stock.
Nexstar Media Group Profile
(
Free Report)
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.
Further Reading

Before you consider Nexstar Media Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexstar Media Group wasn't on the list.
While Nexstar Media Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for September 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report