Capital Management Corp VA Has $31.13 Million Holdings in Nexstar Media Group, Inc. $NXST

Capital Management Corp VA grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,450 shares of the company’s stock after purchasing an additional 2,493 shares during the period. Nexstar Media Group comprises about 4.9% of Capital Management Corp VA’s portfolio, making the stock its 3rd largest position. Capital Management Corp VA’s holdings in Nexstar Media Group were worth $31,134,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Claret Asset Management Corp increased its stake in Nexstar Media Group by 4.1% in the 2nd quarter. Claret Asset Management Corp now owns 1,348 shares of the company’s stock valued at $233,000 after buying an additional 53 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Nexstar Media Group by 1.7% during the third quarter. Merit Financial Group LLC now owns 3,515 shares of the company’s stock valued at $695,000 after acquiring an additional 59 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Nexstar Media Group by 0.6% during the third quarter. Verdence Capital Advisors LLC now owns 11,647 shares of the company’s stock worth $2,222,000 after acquiring an additional 68 shares during the period. Geneos Wealth Management Inc. boosted its position in Nexstar Media Group by 15.7% in the second quarter. Geneos Wealth Management Inc. now owns 589 shares of the company’s stock worth $102,000 after purchasing an additional 80 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Nexstar Media Group by 7.3% in the 2nd quarter. Blue Trust Inc. now owns 1,195 shares of the company’s stock valued at $207,000 after purchasing an additional 81 shares during the period. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $212.38 on Friday. The company’s 50 day simple moving average is $203.82 and its two-hundred day simple moving average is $198.85. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $223.36. The stock has a market capitalization of $6.44 billion, a PE ratio of 13.17, a P/E/G ratio of 0.79 and a beta of 0.84.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.48). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.27 EPS. Analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, February 13th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 46.13%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Citigroup decreased their price target on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.38.

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.