Campbell & CO Investment Adviser LLC Invests $836,000 in Nexstar Media Group, Inc. (NASDAQ:NXST)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,650 shares of the company’s stock, valued at approximately $836,000.

Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in shares of Nexstar Media Group during the second quarter worth about $29,000. Berman Capital Advisors LLC lifted its position in shares of Nexstar Media Group by 168.0% during the second quarter. Berman Capital Advisors LLC now owns 260 shares of the company’s stock worth $38,000 after purchasing an additional 163 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Nexstar Media Group during the first quarter worth about $43,000. Rockefeller Capital Management L.P. lifted its position in shares of Nexstar Media Group by 202.3% during the second quarter. Rockefeller Capital Management L.P. now owns 402 shares of the company’s stock worth $59,000 after purchasing an additional 269 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Nexstar Media Group by 30.3% during the second quarter. Parkside Financial Bank & Trust now owns 443 shares of the company’s stock worth $65,000 after purchasing an additional 103 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on NXST shares. Zacks Investment Research cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nexstar Media Group from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, July 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Buy” and a consensus price target of $160.67.

In related news, EVP Blake Russell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $150.50, for a total transaction of $301,000.00. Following the transaction, the executive vice president now owns 24,313 shares in the company, valued at $3,659,106.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Alford sold 189 shares of the firm’s stock in a transaction that occurred on Thursday, August 19th. The shares were sold at an average price of $142.50, for a total transaction of $26,932.50. Following the transaction, the insider now owns 4,405 shares in the company, valued at approximately $627,712.50. The disclosure for this sale can be found here. Insiders sold 3,238 shares of company stock worth $482,450 in the last 90 days. 6.90% of the stock is owned by company insiders.

NASDAQ NXST traded up $5.01 during trading hours on Wednesday, reaching $151.85. The company’s stock had a trading volume of 2,920 shares, compared to its average volume of 393,065. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 2.89. The business has a 50-day simple moving average of $146.33 and a 200 day simple moving average of $148.01. Nexstar Media Group, Inc. has a 52 week low of $80.42 and a 52 week high of $163.62. The stock has a market cap of $6.35 billion, a PE ratio of 7.00, a PEG ratio of 0.81 and a beta of 1.88.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, August 4th. The company reported $4.51 EPS for the quarter, beating the consensus estimate of $3.87 by $0.64. Nexstar Media Group had a net margin of 20.17% and a return on equity of 38.21%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $2.13 earnings per share. Nexstar Media Group’s revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts predict that Nexstar Media Group, Inc. will post 17.46 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $2.80 annualized dividend and a dividend yield of 1.84%. Nexstar Media Group’s payout ratio is currently 16.12%.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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