Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA lowered its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,392 shares of the company’s stock after selling 1,489 shares during the quarter. Delphi Management Inc. MA’s holdings in Nexstar Media Group were worth $1,168,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Nexstar Media Group by 24.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,391 shares of the company’s stock valued at $396,000 after purchasing an additional 474 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Nexstar Media Group by 41.9% in the 3rd quarter. Victory Capital Management Inc. now owns 20,571 shares of the company’s stock valued at $3,401,000 after purchasing an additional 6,071 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Nexstar Media Group by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after purchasing an additional 117 shares during the last quarter. Quest Partners LLC boosted 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 valued at $1,434,000 after purchasing an additional 7,533 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of Nexstar Media Group by 6.7% in the 3rd quarter. Pathstone Holdings LLC now owns 22,009 shares of the company’s stock valued at $3,639,000 after purchasing an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 2.4 %

NASDAQ NXST opened at $174.01 on Tuesday. Nexstar Media Group, Inc. has a one year low of $146.04 and a one year high of $191.86. The company has a 50-day simple moving average of $158.03 and a 200-day simple moving average of $163.79. 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 firm has a market capitalization of $5.31 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.48 billion. On average, equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The company also recently announced 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 represents a $7.44 dividend on an annualized basis and a yield of 4.28%. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date of this dividend was Wednesday, February 12th. Nexstar Media Group’s payout ratio is presently 34.56%.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Gary Weitman sold 1,241 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the sale, the insider now directly owns 3,975 shares of the company’s stock, valued at approximately $704,409.75. This represents a 23.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Thomas Mcmillen sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total transaction of $339,020.00. Following the completion of the sale, the director now directly owns 4,975 shares of the company’s stock, valued at approximately $843,312.25. This represents a 28.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 126,250 shares of company stock valued at $20,450,616 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NXST. Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Benchmark raised their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and raised their target price for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.43.

Nexstar Media Group Company 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.