Copeland Capital Management LLC Has $81.44 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Copeland Capital Management LLC raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 519,567 shares of the company's stock after acquiring an additional 16,928 shares during the period. Nexstar Media Group comprises approximately 1.6% of Copeland Capital Management LLC's holdings, making the stock its 11th largest holding. Copeland Capital Management LLC owned 1.53% of Nexstar Media Group worth $81,442,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Nexstar Media Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 3,397,336 shares of the company's stock valued at $586,584,000 after acquiring an additional 27,714 shares in the last quarter. State Street Corp raised its holdings in shares of Nexstar Media Group by 0.5% in the 1st quarter. State Street Corp now owns 1,038,998 shares of the company's stock worth $179,393,000 after buying an additional 5,325 shares in the last quarter. Morgan Stanley raised its holdings in shares of Nexstar Media Group by 2.9% in the 3rd quarter. Morgan Stanley now owns 1,014,676 shares of the company's stock worth $145,474,000 after buying an additional 28,975 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Nexstar Media Group by 9.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 716,393 shares of the company's stock worth $135,026,000 after buying an additional 60,217 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nexstar Media Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 660,635 shares of the company's stock worth $110,747,000 after buying an additional 6,160 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Trading Up 0.2 %

NXST traded up $0.40 during mid-day trading on Friday, reaching $172.29. The stock had a trading volume of 166,418 shares, compared to its average volume of 470,885. The stock has a market capitalization of $5.76 billion, a P/E ratio of 17.89, a P/E/G ratio of 0.64 and a beta of 1.51. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. The firm's fifty day simple moving average is $168.44 and its two-hundred day simple moving average is $156.25. Nexstar Media Group, Inc. has a 52 week low of $132.30 and a 52 week high of $187.32.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing analysts' consensus estimates of $4.42 by ($1.10). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The firm's quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.04 earnings per share. On average, equities analysts predict that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Nexstar Media Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $1.69 dividend. This is a positive change from Nexstar Media Group's previous quarterly dividend of $1.35. This represents a $6.76 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, February 8th. Nexstar Media Group's dividend payout ratio (DPR) is currently 70.20%.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of recent research reports. Barrington Research reissued an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, March 7th. Citigroup started coverage on Nexstar Media Group in a report on Friday, December 8th. They set a "neutral" rating and a $158.00 price target for the company. TheStreet raised Nexstar Media Group from a "c+" rating to a "b-" rating in a report on Thursday, February 1st. Finally, Rosenblatt Securities dropped their price target on Nexstar Media Group from $216.00 to $213.00 and set a "buy" rating for the company in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nexstar Media Group has a consensus rating of "Moderate Buy" and a consensus target price of $193.83.

Insider Transactions at Nexstar Media Group

In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the transaction, the director now directly owns 12,027 shares in the company, valued at approximately $2,054,452.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $166.00, for a total transaction of $244,850.00. Following the transaction, the director now directly owns 4,525 shares in the company, valued at $751,150. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Fitzsimons sold 2,000 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the transaction, the director now owns 12,027 shares in the company, valued at $2,054,452.14. The disclosure for this sale can be found here. Insiders have sold 46,508 shares of company stock worth $7,487,950 in the last three months. Insiders own 5.90% of the company's stock.

About Nexstar Media Group

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.