Van Lanschot Kempen Investment Management N.V. Raises Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,107 shares of the company's stock after acquiring an additional 3,581 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.66% of Nexstar Media Group worth $32,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV increased its position in Nexstar Media Group by 1,801.8% during the 4th quarter. KBC Group NV now owns 17,230 shares of the company's stock valued at $2,722,000 after buying an additional 16,324 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Nexstar Media Group in the 4th quarter worth about $506,000. World Investment Advisors LLC purchased a new stake in Nexstar Media Group during the 3rd quarter valued at about $3,747,000. Barclays PLC increased its stake in Nexstar Media Group by 16.8% during the 3rd quarter. Barclays PLC now owns 45,051 shares of the company's stock valued at $7,448,000 after purchasing an additional 6,475 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Nexstar Media Group in the fourth quarter worth approximately $1,264,000. Institutional investors own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NXST. Barrington Research reaffirmed 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 lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Guggenheim lifted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $208.43.

Nexstar Media Group Stock Performance

NASDAQ NXST traded up $1.16 during trading hours on Friday, hitting $152.12. 220,615 shares of the company's stock traded hands, compared to its average volume of 373,376. Nexstar Media Group, Inc. has a 52 week low of $143.32 and a 52 week high of $191.86. The firm has a market capitalization of $4.64 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.45 and a beta of 1.09. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The business's fifty day moving average price is $163.19 and its two-hundred day moving average price is $163.21.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Equities research analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group's payout ratio is presently 34.56%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at $137,563,262.73. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Weitman sold 1,241 shares of Nexstar Media Group stock in a transaction on Friday, March 7th. The shares were sold at an average price of $177.21, for a total transaction of $219,917.61. Following the transaction, the insider now owns 3,975 shares in the company, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,105 shares of company stock worth $6,722,463. 6.30% of the stock is owned by company insiders.

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.