III Capital Management Has $2.53 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

III Capital Management raised its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 433.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,000 shares of the company's stock after acquiring an additional 13,000 shares during the period. Nexstar Media Group makes up 0.4% of III Capital Management's holdings, making the stock its 26th largest position. III Capital Management owned 0.05% of Nexstar Media Group worth $2,528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Nexstar Media Group during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $33,000. Jones Financial Companies Lllp raised its position in shares of Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after acquiring an additional 73 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Nexstar Media Group by 99.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company's stock valued at $124,000 after acquiring an additional 392 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Nexstar Media Group by 31.0% during the 4th quarter. Venturi Wealth Management LLC now owns 883 shares of the company's stock valued at $139,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Insider Transactions at Nexstar Media Group

In other news, insider Gary Weitman sold 1,241 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $177.21, for a total transaction of $219,917.61. Following the completion of the transaction, the insider now directly owns 3,975 shares in the company, valued at $704,409.75. This represents a 23.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Alford sold 3,768 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the transaction, the insider now owns 5,405 shares of the company's stock, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock worth $6,722,463 in the last three months. Insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. Barrington Research restated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price objective on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Benchmark upped their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $207.14.

Nexstar Media Group Stock Down 3.3 %

NXST stock traded down $4.98 during trading hours on Thursday, reaching $144.68. 477,971 shares of the stock were exchanged, compared to its average volume of 378,319. The firm's 50-day moving average is $163.06 and its 200-day moving average is $162.87. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.45 and a beta of 1.09. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results 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). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

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.