Van Lanschot Kempen Investment Management N.V. Purchases 3,581 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Van Lanschot Kempen Investment Management N.V. increased its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,107 shares of the company’s stock after purchasing an additional 3,581 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.66% of Nexstar Media Group worth $32,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXST. SBI Securities Co. Ltd. bought a new stake in shares of Nexstar Media Group during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $33,000. Jones Financial Companies Lllp lifted its stake in shares of Nexstar Media Group by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after purchasing an additional 73 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Nexstar Media Group by 99.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company’s stock worth $124,000 after purchasing an additional 392 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Nexstar Media Group by 31.0% in the 4th quarter. Venturi Wealth Management LLC now owns 883 shares of the company’s stock worth $139,000 after purchasing an additional 209 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nexstar Media Group news, insider Gary Weitman sold 1,241 shares of Nexstar Media Group stock in a transaction 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 sale, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Alford sold 3,768 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the transaction, 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 sold a total of 39,105 shares of company stock valued at $6,722,463 in the last quarter. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXST has been the topic of a number of recent analyst reports. Guggenheim raised their target price on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Benchmark upped 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. StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Wednesday, March 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Monday, March 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.43.

Nexstar Media Group Stock Up 0.2 %

Shares of NXST stock opened at $147.50 on Monday. Nexstar Media Group, Inc. has a 12-month low of $143.32 and a 12-month high of $191.86. 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 firm has a fifty day moving average of $163.42 and a 200-day moving average of $163.68. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.45 and a beta of 1.09.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. As a group, equities research analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal 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 $1.86 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 5.04%. Nexstar Media Group’s payout ratio is presently 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.