D.A. Davidson & CO. Takes $323,000 Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

D.A. Davidson & CO. acquired a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,802 shares of the company's stock, valued at approximately $323,000.

Several other institutional investors have also recently bought and sold shares of NXST. SBI Securities Co. Ltd. acquired a new stake in Nexstar Media Group during the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC increased its position in Nexstar Media Group by 830.3% during the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after purchasing an additional 274 shares during the period. First Horizon Advisors Inc. increased its position in Nexstar Media Group by 62.3% during the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock valued at $72,000 after purchasing an additional 154 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Nexstar Media Group by 2,126.3% during the 1st quarter. Versant Capital Management Inc now owns 423 shares of the company's stock worth $76,000 after buying an additional 404 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock worth $87,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, May 13th. Benchmark dropped their price objective on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company dropped their price objective on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Nexstar Media Group currently has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Insider Activity

In other news, EVP Rachel Morgan sold 329 shares of Nexstar Media Group stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total transaction of $54,367.25. Following the completion of the sale, the executive vice president owned 2,122 shares in the company, valued at approximately $350,660.50. This trade represents a 13.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Zimmer sold 889 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $146,907.25. Following the completion of the sale, the insider owned 6,201 shares of the company's stock, valued at $1,024,715.25. The trade was a 12.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,474 shares of company stock worth $3,666,988. Company insiders own 6.70% of the company's stock.

Nexstar Media Group Stock Performance

NXST traded down $4.62 during trading hours on Tuesday, hitting $179.35. The stock had a trading volume of 108,956 shares, compared to its average volume of 376,046. The company's fifty day simple moving average is $171.66 and its 200 day simple moving average is $163.51. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $191.86. The stock has a market cap of $5.47 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a return on equity of 29.21% and a net margin of 12.21%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $5.16 EPS. The firm's revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.15%. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.

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.