TFR Capital LLC. Takes $254,000 Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

TFR Capital LLC. bought a new position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,608 shares of the company's stock, valued at approximately $254,000.

A number of other institutional investors have also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Nexstar Media Group during the fourth quarter valued at approximately $6,496,000. Jefferies Financial Group Inc. purchased a new stake in Nexstar Media Group during the 4th quarter valued at $2,086,000. Integrated Advisors Network LLC boosted its stake in Nexstar Media Group by 9.6% during the 4th quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company's stock valued at $231,000 after purchasing an additional 128 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Nexstar Media Group by 12.3% during 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 valued at $18,352,000 after buying an additional 12,695 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Nexstar Media Group in the 4th quarter worth about $7,075,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group Stock Performance

Shares of NXST traded down $3.01 on Wednesday, reaching $172.21. The company's stock had a trading volume of 265,268 shares, compared to its average volume of 391,477. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $5.25 billion, a P/E ratio of 9.96, a PEG ratio of 0.45 and a beta of 1.06. The stock's 50 day simple moving average is $162.46 and its two-hundred day simple moving average is $162.01. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.11. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company's revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 EPS. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $1.86 per share. The ex-dividend date is Monday, May 19th. This represents a $7.44 annualized dividend and a yield of 4.32%. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.

Insider Activity at Nexstar Media Group

In other news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group 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 transaction, the insider now directly owns 5,405 shares of the company's stock, valued at $983,601.90. The trade was a 41.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. The trade was a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,288 shares of company stock worth $8,845,948. Corporate insiders own 6.70% of the company's stock.

Analyst Ratings Changes

NXST has been the topic of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Tuesday, May 13th. Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Monday, March 10th. Wells Fargo & Company dropped their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Benchmark dropped their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Nexstar Media Group currently has an average rating of "Moderate Buy" and an average 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.