Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. decreased its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,589 shares of the company's stock after selling 4,928 shares during the period. Natixis Advisors L.P.'s holdings in Nexstar Media Group were worth $2,128,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC grew its holdings in shares of Nexstar Media Group by 3.4% during the fourth quarter. Copeland Capital Management LLC now owns 519,567 shares of the company's stock valued at $81,442,000 after buying an additional 16,928 shares during the last quarter. Channing Capital Management LLC boosted its stake in Nexstar Media Group by 738.8% during the 3rd quarter. Channing Capital Management LLC now owns 506,212 shares of the company's stock valued at $72,576,000 after purchasing an additional 445,859 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Nexstar Media Group by 71.0% in the third quarter. New York State Common Retirement Fund now owns 249,679 shares of the company's stock worth $35,796,000 after purchasing an additional 103,636 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Nexstar Media Group by 156.5% during the third quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company's stock valued at $34,218,000 after purchasing an additional 145,617 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Nexstar Media Group by 10.0% during the third quarter. Epoch Investment Partners Inc. now owns 208,946 shares of the company's stock valued at $29,957,000 after purchasing an additional 19,054 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NXST. Rosenblatt Securities decreased their target price on Nexstar Media Group from $216.00 to $213.00 and set a "buy" rating for the company in a research report on Wednesday, March 13th. Loop Capital raised shares of Nexstar Media Group to a "strong-buy" rating in a research report on Friday. TheStreet upgraded shares of Nexstar Media Group from a "c+" rating to a "b-" rating in a research note on Thursday, February 1st. Wells Fargo & Company upgraded Nexstar Media Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $190.00 to $221.00 in a research note on Monday. Finally, Benchmark reiterated a "buy" rating and set a $225.00 price objective on shares of Nexstar Media Group in a research report on Friday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.00.

Nexstar Media Group Stock Performance

Nexstar Media Group stock traded up $5.48 during trading on Tuesday, reaching $179.69. The company had a trading volume of 408,609 shares, compared to its average volume of 339,000. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.85. The firm's 50-day simple moving average is $165.43 and its 200 day simple moving average is $161.39. 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 posted its quarterly earnings data on Thursday, May 9th. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.28 by $0.88. Nexstar Media Group had a return on equity of 17.18% and a net margin of 8.29%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $2.97 earnings per share. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

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 3.76%. The ex-dividend date is Thursday, May 9th. Nexstar Media Group's dividend payout ratio is currently 57.19%.

Insiders Place Their Bets

In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $170.82, for a total transaction of $341,640.00. Following the sale, the director now directly owns 12,027 shares in the company, valued at approximately $2,054,452.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the sale, the chief executive officer now directly owns 636,788 shares of the company's stock, valued at approximately $101,032,784.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 12,027 shares in the company, valued at approximately $2,054,452.14. The disclosure for this sale can be found here. Insiders sold a total of 46,508 shares of company stock worth $7,487,950 over the last three months. 5.90% of the stock is currently owned by company insiders.

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.