Quartz Partners LLC Has $545,000 Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Quartz Partners LLC boosted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,450 shares of the company’s stock after purchasing an additional 212 shares during the period. Quartz Partners LLC’s holdings in Nexstar Media Group were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NXST. Brooklyn Investment Group acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth about $25,000. True Wealth Design LLC bought a new stake in Nexstar Media Group during the third quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group during the third quarter worth approximately $33,000. Capital Performance Advisors LLP bought a new position in shares of Nexstar Media Group in the third quarter valued at approximately $44,000. Finally, Quarry LP raised its stake in shares of Nexstar Media Group by 111.1% in the third quarter. Quarry LP now owns 627 shares of the company’s stock valued at $104,000 after acquiring an additional 330 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nexstar Media Group

In other news, Director Lisbeth Mcnabb sold 875 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $172.00, for a total value of $150,500.00. Following the completion of the sale, the director now owns 5,752 shares of the company’s stock, valued at approximately $989,344. This represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,493 shares of company stock worth $20,354,366. 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. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Loop Capital downgraded Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $200.00 to $190.00 in a report on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $204.29.

Nexstar Media Group Trading Down 3.2 %

NASDAQ:NXST opened at $149.56 on Monday. The company has a market cap of $4.64 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a twelve month low of $147.25 and a twelve month high of $191.86. The business has a 50 day moving average price of $155.72 and a two-hundred day moving average price of $163.57. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $1.86 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a yield of 4.97%. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio (DPR) is 43.03%.

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.