Fuller & Thaler Asset Management Inc. Has $144.11 Million Stock Holdings in Nexstar Media Group, Inc. $NXST

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Nexstar Media Group, Inc. by 32.1%, acquiring an additional 195,574 shares to hold a total of 804,095 shares valued at approximately $144.11 million.
• The company's quarterly earnings report showed $3.06 earnings per share, exceeding analyst expectations, along with revenue of $1.23 billion, although it represented a 3.2% year-over-year decline.
• Nexstar Media Group recently declared a quarterly dividend of $1.86, representing an annualized dividend yield of 3.6% with a payout ratio of 38.63%.

Fuller & Thaler Asset Management Inc. increased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 32.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,095 shares of the company's stock after buying an additional 195,574 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.64% of Nexstar Media Group worth $144,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock worth $55,000 after buying an additional 274 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Nexstar Media Group by 2,293.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock worth $69,000 after buying an additional 367 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Nexstar Media Group by 62.3% in the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock worth $72,000 after buying an additional 154 shares in the last quarter. Versant Capital Management Inc grew its holdings in Nexstar Media Group by 2,126.3% in 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, SBI Securities Co. Ltd. grew its holdings in Nexstar Media Group by 186.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 453 shares of the company's stock worth $81,000 after buying an additional 295 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Rachel Morgan sold 329 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $54,367.25. Following the completion of the sale, the executive vice president owned 2,122 shares in the company, valued at $350,660.50. This represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brett Jenkins sold 610 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total value of $100,802.50. Following the completion of the sale, the insider owned 25,616 shares of the company's stock, valued at $4,233,044. The trade was a 2.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,021 shares of company stock valued at $2,885,352. 6.70% of the stock is currently owned by company insiders.

Nexstar Media Group Stock Down 2.5%

Shares of NXST traded down $5.25 during mid-day trading on Wednesday, reaching $202.48. The company's stock had a trading volume of 769,768 shares, compared to its average volume of 405,544. The business has a fifty day moving average of $184.17 and a 200 day moving average of $170.25. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $223.36. 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 (NASDAQ:NXST - Get Free Report) last released its 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.54 earnings per share. As a group, analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $1.86 dividend. The ex-dividend date is Friday, August 15th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.7%. Nexstar Media Group's dividend payout ratio is presently 38.63%.

Analyst Ratings Changes

NXST has been the subject of a number of recent analyst reports. Zacks Research raised Nexstar Media Group to a "hold" rating in a report on Friday, August 8th. 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. Guggenheim increased 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. Wells Fargo & Company increased their price target on Nexstar Media Group from $206.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $225.00 price target on shares of Nexstar Media Group in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of "Moderate Buy" and an average price target of $225.00.

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.