Guggenheim Capital LLC Grows Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Guggenheim Capital LLC lifted its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 161.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,885 shares of the company's stock after acquiring an additional 3,632 shares during the period. Guggenheim Capital LLC's holdings in Nexstar Media Group were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in Nexstar Media Group in the 4th quarter worth about $204,000. Mariner LLC boosted its holdings in shares of Nexstar Media Group by 5.3% during the 4th quarter. Mariner LLC now owns 2,300 shares of the company's stock worth $363,000 after buying an additional 115 shares in the last quarter. Barclays PLC boosted its position in shares of Nexstar Media Group by 5.8% during the 4th quarter. Barclays PLC now owns 47,679 shares of the company's stock worth $7,532,000 after purchasing an additional 2,628 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Nexstar Media Group by 41.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the company's stock valued at $211,000 after acquiring an additional 392 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Nexstar Media Group by 49.7% during the fourth quarter. Covestor Ltd now owns 949 shares of the company's stock valued at $150,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Trading Down 1.7 %

Nexstar Media Group stock traded down $2.52 during mid-day trading on Tuesday, hitting $149.85. The company's stock had a trading volume of 34,600 shares, compared to its average volume of 372,822. The stock has a market cap of $4.57 billion, a PE ratio of 8.65, a P/E/G ratio of 0.45 and a beta of 1.09. Nexstar Media Group, Inc. has a one year low of $143.32 and a one year high of $191.86. The company has a 50 day moving average of $163.15 and a 200-day moving average of $163.05. 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 (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, research analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on NXST shares. Benchmark increased their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 28th. Barrington Research reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Wednesday, March 5th. StockNews.com lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, Guggenheim raised their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.43.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the sale, the director now owns 4,975 shares of the company's stock, valued at $843,312.25. The trade was a 28.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares in the company, valued at approximately $137,563,262.73. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,105 shares of company stock worth $6,722,463. Corporate insiders own 6.30% of the company's stock.

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.