Mesirow Institutional Investment Management Inc. Boosts Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Mesirow Institutional Investment Management Inc. grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,038 shares of the company's stock after acquiring an additional 13,488 shares during the quarter. Mesirow Institutional Investment Management Inc. owned about 0.23% of Nexstar Media Group worth $12,076,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NXST. SRS Capital Advisors Inc. boosted its holdings in shares of Nexstar Media Group by 350.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the company's stock worth $37,000 after purchasing an additional 186 shares during the last quarter. OLD Second National Bank of Aurora purchased a new stake in Nexstar Media Group in the 4th quarter valued at $45,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Nexstar Media Group in the 3rd quarter worth $65,000. Signaturefd LLC raised its holdings in shares of Nexstar Media Group by 20.3% during the 4th quarter. Signaturefd LLC now owns 420 shares of the company's stock worth $66,000 after acquiring an additional 71 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of Nexstar Media Group during the 4th quarter valued at about $81,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nexstar Media Group

In related news, EVP Michael Strober sold 1,000 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $167.49, for a total transaction of $167,490.00. Following the completion of the transaction, the executive vice president now owns 1,076 shares in the company, valued at $180,219.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Nexstar Media Group news, EVP Michael Strober sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $167.49, for a total value of $167,490.00. Following the transaction, the executive vice president now directly owns 1,076 shares in the company, valued at $180,219.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the sale, the director now owns 12,027 shares of the company's stock, valued at approximately $2,054,452.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,508 shares of company stock valued at $7,487,950. Insiders own 5.90% of the company's stock.

Nexstar Media Group Stock Down 3.2 %

Shares of NASDAQ:NXST traded down $5.64 during trading on Friday, hitting $172.30. The company's stock had a trading volume of 341,558 shares, compared to its average volume of 266,540. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The business has a 50 day moving average price of $165.07 and a two-hundred day moving average price of $160.96. 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 company has a market capitalization of $5.68 billion, a PE ratio of 14.58, a P/E/G ratio of 0.67 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.28 by $0.88. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.29 billion. Nexstar Media Group had a return on equity of 17.07% and a net margin of 8.29%. Nexstar Media Group's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.97 EPS. As a group, research analysts expect that Nexstar Media Group, Inc. will post 26.73 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 9th. Nexstar Media Group's dividend payout ratio (DPR) is presently 57.19%.

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of recent analyst reports. TheStreet upgraded Nexstar Media Group from a "c+" rating to a "b-" rating in a report on Thursday, February 1st. Benchmark restated a "buy" rating and issued a $225.00 price objective on shares of Nexstar Media Group in a report on Friday. Rosenblatt Securities lowered their target price on shares of Nexstar Media Group from $216.00 to $213.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Finally, Barrington Research reissued an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $198.29.

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.