Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC decreased its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,269 shares of the company's stock after selling 3,631 shares during the quarter. Two Sigma Securities LLC's holdings in Nexstar Media Group were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Nexstar Media Group by 27,180.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after acquiring an additional 1,202,453 shares during the period. Demars Financial Group LLC lifted its position in Nexstar Media Group by 16,009.5% during the 4th quarter. Demars Financial Group LLC now owns 773,737 shares of the company's stock valued at $122,227,000 after acquiring an additional 768,934 shares during the period. Norges Bank purchased a new stake in shares of Nexstar Media Group in the 4th quarter worth approximately $44,460,000. Proficio Capital Partners LLC bought a new stake in Nexstar Media Group during the 4th quarter valued at about $35,560,000. Finally, Invesco Ltd. raised its stake in shares of Nexstar Media Group by 185.0% in the fourth quarter. Invesco Ltd. now owns 219,561 shares of the company's stock worth $34,684,000 after purchasing an additional 142,520 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

NXST has been the topic of several research analyst reports. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Guggenheim boosted their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Benchmark upped their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their target price for the company from $190.00 to $200.00 in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Nexstar Media Group has a consensus rating of "Moderate Buy" and a consensus price target of $207.14.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the transaction, the insider now owns 5,405 shares of the company's stock, valued at $983,601.90. The trade was a 41.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,105 shares of company stock worth $6,722,463 over the last quarter. Insiders own 6.30% of the company's stock.

Nexstar Media Group Stock Up 5.5 %

Shares of NXST stock traded up $7.98 on Friday, hitting $152.66. The stock had a trading volume of 779,004 shares, compared to its average volume of 380,689. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $191.86. The business has a 50 day moving average price of $163.01 and a 200 day moving average price of $162.54. The company has a market cap of $4.66 billion, a PE ratio of 8.83, a P/E/G ratio of 0.45 and a beta of 1.06.

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

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.