Universal Beteiligungs und Servicegesellschaft mbH Takes $6.50 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 41,123 shares of the company's stock, valued at approximately $6,496,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Nexstar Media Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jefferies Financial Group Inc. purchased a new position in Nexstar Media Group during the fourth quarter valued at $2,086,000. Integrated Advisors Network LLC lifted its position in shares of 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 buying an additional 128 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Nexstar Media Group by 12.3% during the 4th 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 acquiring an additional 12,695 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Nexstar Media Group during the 4th quarter valued at approximately $7,075,000. Finally, Tidal Investments LLC increased its holdings in Nexstar Media Group by 23.3% in the 4th quarter. Tidal Investments LLC now owns 3,966 shares of the company's stock worth $627,000 after acquiring an additional 749 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NXST. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. Benchmark lowered 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 research note on Tuesday, May 6th. Wells Fargo & Company cut their price target on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Guggenheim raised their price target on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Wall Street Zen lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Nexstar Media Group has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

Insider Transactions at Nexstar Media Group

In related news, EVP Blake Russell sold 362 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $173.59, for a total value of $62,839.58. Following the completion of the transaction, the executive vice president now directly owns 23,033 shares of the company's stock, valued at approximately $3,998,298.47. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Alford sold 3,768 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total transaction of $685,700.64. Following the sale, the insider now directly owns 5,405 shares in the company, valued at approximately $983,601.90. The trade was a 41.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,192 shares of company stock valued at $3,029,104 in the last ninety days. Corporate insiders own 6.70% of the company's stock.

Nexstar Media Group Price Performance

NASDAQ NXST traded down $4.15 on Wednesday, reaching $165.73. The company had a trading volume of 326,725 shares, compared to its average volume of 389,042. The stock has a market capitalization of $5.06 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm's 50 day moving average price is $161.39 and its 200 day moving average price is $162.08.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.26 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 earnings per share. As a group, equities analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Monday, May 19th. Nexstar Media Group's payout ratio is 37.69%.

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.