1,520 Shares in Nexstar Media Group, Inc. $NXST Bought by Caitlin John LLC

Key Points

• Caitlin John LLC made a new investment in Nexstar Media Group, acquiring 1,520 shares valued at approximately $263,000 during the second quarter.
• Nexstar's latest earnings report revealed an EPS of $3.06, exceeding the consensus estimate of $2.95, although quarterly revenue fell by 3.2% year-over-year.
• The company has declared a quarterly dividend of $1.86 per share, resulting in an annualized dividend yield of 3.6%.

Caitlin John LLC purchased a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,520 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in NXST. Deutsche Bank AG grew its position in Nexstar Media Group by 7.9% in the fourth quarter. Deutsche Bank AG now owns 3,451 shares of the company's stock worth $545,000 after acquiring an additional 252 shares during the period. Tidal Investments LLC grew its position in Nexstar Media Group by 23.3% in the fourth quarter. Tidal Investments LLC now owns 3,966 shares of the company's stock worth $627,000 after acquiring an additional 749 shares during the period. Voloridge Investment Management LLC purchased a new position in Nexstar Media Group in the fourth quarter worth approximately $7,075,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Nexstar Media Group by 12.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,172 shares of the company's stock worth $18,352,000 after acquiring an additional 12,695 shares during the period. Finally, Integrated Advisors Network LLC grew its position in Nexstar Media Group by 9.6% in the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company's stock worth $231,000 after acquiring an additional 128 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NXST. Barrington Research restated an "outperform" rating and set a $225.00 price target on shares of Nexstar Media Group in a research note on Tuesday, August 19th. Zacks Research raised Nexstar Media Group to a "hold" rating in a report on Friday, August 8th. Guggenheim raised their price objective on Nexstar Media Group from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Benchmark raised their price target on Nexstar Media Group from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company raised their price target on Nexstar Media Group from $206.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $225.00.

Nexstar Media Group Price Performance

Shares of Nexstar Media Group stock traded down $6.69 during trading on Monday, hitting $202.25. 461,924 shares of the company were exchanged, compared to its average volume of 315,687. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.55 and a beta of 1.04. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $223.36. The firm has a 50 day moving average price of $197.92 and a 200 day moving average price of $178.13.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.21 billion. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. Nexstar Media Group's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.54 EPS. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.44 annualized dividend and a dividend yield of 3.7%. Nexstar Media Group's payout ratio is currently 38.63%.

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.