Natixis Advisors LLC Purchases 117 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Natixis Advisors LLC increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,185 shares of the company’s stock after buying an additional 117 shares during the quarter. Natixis Advisors LLC’s holdings in Nexstar Media Group were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP boosted its position in Nexstar Media Group by 211.2% during the 3rd quarter. GSA Capital Partners LLP now owns 6,195 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,204 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in Nexstar Media Group during the second quarter worth $570,000. AQR Capital Management LLC grew its position in Nexstar Media Group by 72.0% in the second quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock valued at $32,769,000 after purchasing an additional 83,637 shares in the last quarter. Parcion Private Wealth LLC grew its position in Nexstar Media Group by 13.4% in the third quarter. Parcion Private Wealth LLC now owns 31,115 shares of the company’s stock valued at $5,145,000 after purchasing an additional 3,680 shares in the last quarter. Finally, Edgestream Partners L.P. increased its stake in Nexstar Media Group by 513.0% in the 2nd quarter. Edgestream Partners L.P. now owns 36,421 shares of the company’s stock valued at $6,046,000 after buying an additional 30,480 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nexstar Media Group

In related news, CEO Perry A. Sook sold 12,239 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $128,380,774.32. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brett Jenkins sold 4,331 shares of Nexstar Media Group stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $170.64, for a total transaction of $739,041.84. Following the completion of the sale, the insider now owns 25,540 shares of the company’s stock, valued at $4,358,145.60. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,423 shares of company stock valued at $7,916,739 in the last three months. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NXST has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, November 7th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Wells Fargo & Company decreased their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.50.

Nexstar Media Group Stock Up 0.5 %

NXST stock opened at $170.61 on Tuesday. Nexstar Media Group, Inc. has a 1-year low of $141.38 and a 1-year high of $191.86. The business’s 50 day simple moving average is $168.98 and its 200 day simple moving average is $167.16. 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 firm has a market capitalization of $5.29 billion, a PE ratio of 9.87, a PEG ratio of 0.20 and a beta of 1.48.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Nexstar Media Group’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.96%. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

About Nexstar Media Group

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.