Aigen Investment Management LP Has $672,000 Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Aigen Investment Management LP grew its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 20.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,251 shares of the company’s stock after buying an additional 712 shares during the quarter. Aigen Investment Management LP’s holdings in Nexstar Media Group were worth $672,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Nexstar Media Group by 67.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after acquiring an additional 10,603 shares during the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Nexstar Media Group in the 3rd quarter worth about $3,758,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Nexstar Media Group by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after acquiring an additional 7,117 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Nexstar Media Group by 661.4% in the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after acquiring an additional 7,533 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Nexstar Media Group by 680.9% in the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock worth $2,847,000 after acquiring an additional 15,014 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Activity

In other news, Director Lisbeth Mcnabb sold 875 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the completion of the transaction, the director now directly owns 5,752 shares of the company’s stock, valued at $989,344. This represents a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at $106,203,582.54. This represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 161,589 shares of company stock valued at $26,171,210 in the last three months. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the topic of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Wednesday. Benchmark upped 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. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.29.

Nexstar Media Group Trading Up 1.7 %

Shares of NXST stock opened at $172.59 on Friday. Nexstar Media Group, Inc. has a 52-week low of $146.04 and a 52-week high of $191.86. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The company has a 50-day simple moving average of $155.98 and a two-hundred day simple moving average of $163.64. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.45 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Research analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is currently 34.56%.

About Nexstar Media Group

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.