Nomura Holdings Inc. Invests $611,000 in Nexstar Media Group, Inc. (NASDAQ:NXST)

Nomura Holdings Inc. bought a new stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,869 shares of the company's stock, valued at approximately $611,000.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its holdings in shares of Nexstar Media Group by 1,801.8% during the 4th quarter. KBC Group NV now owns 17,230 shares of the company's stock worth $2,722,000 after purchasing an additional 16,324 shares during the period. Entropy Technologies LP bought a new position in Nexstar Media Group during the fourth quarter valued at about $506,000. Barclays PLC increased its stake in Nexstar Media Group by 16.8% during the third quarter. Barclays PLC now owns 45,051 shares of the company's stock valued at $7,448,000 after acquiring an additional 6,475 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Nexstar Media Group in the 4th quarter valued at approximately $1,264,000. Finally, Pacer Advisors Inc. lifted its position in shares of Nexstar Media Group by 27,180.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after acquiring an additional 1,202,453 shares during the period. 95.30% of the stock is owned by institutional investors.

Insider Activity

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares of the company's stock, valued at $137,563,262.73. This represents a 3.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Alford sold 3,768 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the completion of the transaction, the insider now directly owns 5,405 shares of the company's stock, valued at approximately $983,601.90. This represents a 41.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,558 shares of company stock worth $7,504,098. 6.70% of the stock is owned by corporate insiders.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST traded up $0.05 during mid-day trading on Monday, hitting $171.51. 311,671 shares of the stock were exchanged, compared to its average volume of 391,444. The company has a market cap of $5.23 billion, a P/E ratio of 9.92, a PEG ratio of 0.45 and a beta of 1.06. The stock's fifty day simple moving average is $162.75 and its two-hundred day simple moving average is $161.81. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.11. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $5.16 EPS. Nexstar Media Group's revenue for the quarter was down 3.9% on a year-over-year basis. As a group, analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Monday, May 19th. Nexstar Media Group's payout ratio is presently 37.69%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Monday, March 10th. Wells Fargo & Company dropped their price target on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Guggenheim raised their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Benchmark lowered 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, Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

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.