Nexstar Media Group, Inc. $NXST Shares Purchased by Van Lanschot Kempen Investment Management N.V.

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Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,742 shares of the company's stock after purchasing an additional 8,635 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.70% of Nexstar Media Group worth $38,486,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. raised its position in shares of Nexstar Media Group by 32.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company's stock worth $144,110,000 after purchasing an additional 195,574 shares during the last quarter. RWA Wealth Partners LLC acquired a new position in shares of Nexstar Media Group during the 1st quarter worth approximately $221,000. Northern Trust Corp raised its position in shares of Nexstar Media Group by 7.9% during the 1st quarter. Northern Trust Corp now owns 499,896 shares of the company's stock worth $89,591,000 after purchasing an additional 36,757 shares during the last quarter. Algert Global LLC raised its position in shares of Nexstar Media Group by 265.0% during the 1st quarter. Algert Global LLC now owns 19,800 shares of the company's stock worth $3,549,000 after purchasing an additional 14,376 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Nexstar Media Group by 0.6% during the 1st quarter. Raymond James Financial Inc. now owns 53,526 shares of the company's stock worth $9,593,000 after purchasing an additional 337 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Trading Up 0.0%

NXST stock opened at $206.38 on Tuesday. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.53 and a beta of 1.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. The business has a fifty day simple moving average of $182.86 and a 200-day simple moving average of $169.76. Nexstar Media Group, Inc. has a 52 week low of $141.66 and a 52 week high of $212.43.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.95 by $0.11. The business had revenue of $1.23 billion during 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 business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.54 EPS. On average, equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Nexstar Media Group's dividend payout ratio is presently 38.63%.

Insider Buying and Selling at Nexstar Media Group

In other news, EVP Blake Russell sold 507 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total transaction of $83,781.75. Following the completion of the sale, the executive vice president directly owned 24,826 shares in the company, valued at $4,102,496.50. This represents a 2.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brett Jenkins sold 610 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $100,802.50. Following the sale, the insider owned 25,616 shares of the company's stock, valued at approximately $4,233,044. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,021 shares of company stock worth $2,885,352. 6.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barrington Research boosted their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Benchmark boosted their price target on Nexstar Media Group from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 8th. Zacks Research upgraded Nexstar Media Group to a "hold" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company boosted their price target on Nexstar Media Group from $206.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

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.

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