Nexstar Media Group, Inc. (NASDAQ:NXST) Position Lessened by Capital Management Corp VA

Capital Management Corp VA lessened its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,838 shares of the company's stock after selling 23,063 shares during the quarter. Nexstar Media Group makes up about 4.5% of Capital Management Corp VA's investment portfolio, making the stock its 5th largest position. Capital Management Corp VA owned 0.43% of Nexstar Media Group worth $23,017,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NXST. HighTower Advisors LLC boosted its stake in Nexstar Media Group by 2.9% in the 3rd quarter. HighTower Advisors LLC now owns 190,972 shares of the company's stock valued at $27,322,000 after buying an additional 5,389 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Nexstar Media Group by 15.3% in the 3rd quarter. Copeland Capital Management LLC now owns 502,639 shares of the company's stock valued at $72,063,000 after buying an additional 66,645 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in Nexstar Media Group by 156.5% in the 3rd quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company's stock valued at $34,218,000 after buying an additional 145,617 shares in the last quarter. American Century Companies Inc. boosted its stake in Nexstar Media Group by 519.6% in the 3rd quarter. American Century Companies Inc. now owns 51,659 shares of the company's stock valued at $7,406,000 after buying an additional 43,322 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Nexstar Media Group by 72.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,182 shares of the company's stock valued at $1,747,000 after purchasing an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Insiders Place Their Bets

In related news, Director Charles Thomas Mcmillen sold 1,475 shares of the 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 completion of 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 can be accessed through this link. In related news, Director Charles Thomas Mcmillen sold 1,475 shares of the 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 completion of 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 can be accessed through this link. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the 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 of the company's stock, valued at $2,054,452.14. The disclosure for this sale can be found here. Insiders sold 46,508 shares of company stock worth $7,487,950 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

Nexstar Media Group Trading Up 2.0 %

NASDAQ:NXST traded up $3.29 during mid-day trading on Friday, hitting $165.25. The company had a trading volume of 188,199 shares, compared to its average volume of 206,462. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The business's fifty day moving average is $165.83 and its two-hundred day moving average is $158.37. 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 has a market cap of $5.52 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.61 and a beta of 1.50.

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

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $1.69 dividend. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.35. This represents a $6.76 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, February 8th. Nexstar Media Group's dividend payout ratio is 70.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NXST shares. TheStreet upgraded Nexstar Media Group from a "c+" rating to a "b-" rating in a research report on Thursday, February 1st. Rosenblatt Securities cut their target price on Nexstar Media Group from $216.00 to $213.00 and set a "buy" rating on the stock in a research note on Wednesday, March 13th. Finally, Barrington Research reissued an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.83.

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.