GSA Capital Partners LLP Has $1.02 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

GSA Capital Partners LLP grew its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 211.2% in the third quarter, HoldingsChannel.com reports. The fund owned 6,195 shares of the company’s stock after acquiring an additional 4,204 shares during the period. GSA Capital Partners LLP’s holdings in Nexstar Media Group were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NXST. Whittier Trust Co. acquired a new position in Nexstar Media Group during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC boosted its position in shares of Nexstar Media Group by 3,700.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Nexstar Media Group in the 3rd quarter valued at $44,000. GAMMA Investing LLC increased its position in shares of Nexstar Media Group by 112.2% in the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock valued at $49,000 after buying an additional 156 shares in the last quarter. Finally, Mascoma Wealth Management LLC acquired a new stake in Nexstar Media Group during the 2nd quarter worth $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 12,239 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Strober sold 1,076 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.50, for a total transaction of $180,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,437 shares of company stock worth $8,429,561. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Price Performance

Shares of NXST opened at $161.84 on Friday. The company has a 50 day moving average of $168.62 and a 200-day moving average of $167.09. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $5.02 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.19 and a beta of 1.48. Nexstar Media Group, Inc. has a twelve month low of $141.38 and a twelve month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities research analysts forecast that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

Analyst Ratings Changes

A number of research firms have issued reports on NXST. Wells Fargo & Company decreased their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Benchmark reissued a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.50.

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.