Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Bought by Boston Partners

Boston Partners raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 277,297 shares of the company’s stock after purchasing an additional 4,457 shares during the period. Boston Partners’ holdings in Nexstar Media Group were worth $43,656,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Nexstar Media Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock valued at $1,073,000 after purchasing an additional 68 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Nexstar Media Group by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after acquiring an additional 73 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Nexstar Media Group by 1.2% in the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after acquiring an additional 117 shares in the last quarter. Davis Capital Management lifted its position in shares of Nexstar Media Group by 2.0% in the fourth quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after acquiring an additional 122 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Nexstar Media Group by 5.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,518 shares of the company’s stock valued at $398,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $179.28 on Thursday. The business’s 50-day moving average price is $158.73 and its 200 day moving average price is $163.92. The company has a market capitalization of $5.47 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a twelve month low of $146.04 and a twelve month high of $191.86.

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 analysts’ consensus estimates of $9.22 by ($1.66). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio (DPR) is 34.56%.

Insider Transactions at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the completion of the sale, the director now owns 4,975 shares in the company, valued at approximately $843,312.25. This trade represents a 28.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Weitman sold 1,241 shares of the stock in a transaction dated 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 owns 3,975 shares of the company’s stock, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,250 shares of company stock worth $20,450,616 in the last three months. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on NXST shares. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Benchmark upped their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, StockNews.com downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.43.

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.