6,382 Shares in Nexstar Media Group, Inc. $NXST Acquired by Empirical Finance LLC

Empirical Finance LLC acquired a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,382 shares of the company’s stock, valued at approximately $1,104,000.

Several other large investors have also recently added to or reduced their stakes in NXST. Greenland Capital Management LP boosted its holdings in shares of Nexstar Media Group by 238.3% during the second quarter. Greenland Capital Management LP now owns 33,308 shares of the company’s stock valued at $5,761,000 after acquiring an additional 23,463 shares during the period. Empowered Funds LLC lifted its position in Nexstar Media Group by 4.1% in the 2nd quarter. Empowered Funds LLC now owns 68,847 shares of the company’s stock valued at $11,907,000 after purchasing an additional 2,691 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Nexstar Media Group by 4.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 43,457 shares of the company’s stock valued at $7,516,000 after purchasing an additional 1,916 shares during the period. Kingsview Wealth Management LLC grew its position in Nexstar Media Group by 20.4% in the 2nd quarter. Kingsview Wealth Management LLC now owns 70,635 shares of the company’s stock worth $12,216,000 after purchasing an additional 11,981 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Nexstar Media Group by 189.1% in the second quarter. Ontario Teachers Pension Plan Board now owns 21,605 shares of the company’s stock valued at $3,737,000 after purchasing an additional 14,133 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Barrington Research reiterated an “outperform” rating and set a $225.00 price target on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Guggenheim raised their price target on Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Nexstar Media Group Trading Up 0.0%

Shares of Nexstar Media Group stock opened at $185.78 on Friday. The business has a fifty day simple moving average of $195.54 and a 200-day simple moving average of $187.51. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $223.36. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 6th. The company reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $5.27 earnings per share. Nexstar Media Group’s revenue was down 12.3% on a year-over-year basis. On average, equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a $1.86 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.0%. Nexstar Media Group’s payout ratio is currently 46.13%.

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.