Mutual of America Capital Management LLC Has $2.44 Million Stock Holdings in Nexstar Media Group, Inc. $NXST

Mutual of America Capital Management LLC cut its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,095 shares of the company’s stock after selling 913 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nexstar Media Group were worth $2,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Nexstar Media Group by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company’s stock valued at $240,481,000 after acquiring an additional 10,544 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Nexstar Media Group by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company’s stock valued at $203,964,000 after acquiring an additional 35,938 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Nexstar Media Group by 32.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock valued at $144,110,000 after acquiring an additional 195,574 shares during the last quarter. Northern Trust Corp lifted its stake in Nexstar Media Group by 7.9% in the first quarter. Northern Trust Corp now owns 499,896 shares of the company’s stock valued at $89,591,000 after acquiring an additional 36,757 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Nexstar Media Group by 71,715.8% in the first quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company’s stock valued at $70,790,000 after acquiring an additional 394,437 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on NXST. Guggenheim lifted their target price on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Nexstar Media Group in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Barrington Research restated an “outperform” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, August 19th. Finally, Benchmark boosted their price objective on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Nexstar Media Group Trading Down 0.3%

Shares of NXST stock opened at $190.73 on Friday. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $223.36. The firm’s fifty day simple moving average is $201.11 and its 200 day simple moving average is $182.10. The firm has a market capitalization of $5.78 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.80.

Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Thursday, August 7th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $3.54 earnings per share. Nexstar Media Group’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.44 dividend on an annualized basis and a yield of 3.9%. Nexstar Media Group’s payout ratio is 38.63%.

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.