O Shaughnessy Asset Management LLC Sells 295 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

O Shaughnessy Asset Management LLC lessened its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,409 shares of the company’s stock after selling 295 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Nexstar Media Group were worth $1,486,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXST. Verition Fund Management LLC grew its stake in shares of Nexstar Media Group by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 7,344 shares of the company’s stock valued at $1,214,000 after acquiring an additional 1,479 shares during the period. Quarry LP lifted its holdings in Nexstar Media Group by 111.1% during the third quarter. Quarry LP now owns 627 shares of the company’s stock valued at $104,000 after purchasing an additional 330 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Nexstar Media Group by 27.6% in the third quarter. Quantinno Capital Management LP now owns 4,287 shares of the company’s stock worth $709,000 after purchasing an additional 928 shares during the period. Stifel Financial Corp raised its position in shares of Nexstar Media Group by 136.8% during the 3rd quarter. Stifel Financial Corp now owns 30,355 shares of the company’s stock valued at $5,019,000 after purchasing an additional 17,535 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Nexstar Media Group during the 3rd quarter valued at $443,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Gary Weitman sold 1,241 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $177.21, for a total transaction of $219,917.61. Following the transaction, the insider now owns 3,975 shares of the company’s stock, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew Alford sold 3,768 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the sale, the insider now owns 5,405 shares of the company’s stock, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,105 shares of company stock worth $6,722,463 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of a number of analyst reports. StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $190.00 to $200.00 in a research note on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, Benchmark boosted their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.43.

Nexstar Media Group Stock Down 8.1 %

Shares of NXST opened at $153.42 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. Nexstar Media Group, Inc. has a 1 year low of $146.04 and a 1 year high of $191.86. The business’s 50 day simple moving average is $164.06 and its 200-day simple moving average is $164.86.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. As a group, equities analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.86 per share. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.85%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s payout ratio is presently 34.56%.

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.