Keeley Teton Advisors LLC Sells 16,917 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Keeley Teton Advisors LLC lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXSTGet Rating) by 20.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,967 shares of the company’s stock after selling 16,917 shares during the quarter. Nexstar Media Group makes up approximately 1.3% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Keeley Teton Advisors LLC owned approximately 0.16% of Nexstar Media Group worth $12,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NXST. SG Americas Securities LLC lifted its stake in Nexstar Media Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 1,258 shares of the company’s stock worth $190,000 after purchasing an additional 167 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Nexstar Media Group by 4.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,557 shares of the company’s stock valued at $235,000 after acquiring an additional 60 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Nexstar Media Group by 6.6% during the fourth quarter. First Republic Investment Management Inc. now owns 1,535 shares of the company’s stock valued at $232,000 after acquiring an additional 95 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Nexstar Media Group by 18.4% during the 4th quarter. Teacher Retirement System of Texas now owns 8,034 shares of the company’s stock worth $1,213,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its position in shares of Nexstar Media Group by 111.6% during the 4th quarter. Pinebridge Investments L.P. now owns 3,005 shares of the company’s stock worth $454,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NXST shares. Rosenblatt Securities raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $181.00 to $246.00 in a research report on Tuesday, September 6th. Barrington Research increased their price objective on shares of Nexstar Media Group to $240.00 in a research note on Monday, August 15th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $223.43.

Insider Transactions at Nexstar Media Group

In other news, COO Thomas Carter sold 5,000 shares of Nexstar Media Group stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $201.31, for a total transaction of $1,006,550.00. Following the completion of the sale, the chief operating officer now directly owns 87,277 shares of the company’s stock, valued at approximately $17,569,732.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Thomas Carter sold 5,000 shares of Nexstar Media Group stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $201.31, for a total transaction of $1,006,550.00. Following the completion of the sale, the chief operating officer now directly owns 87,277 shares of the company’s stock, valued at approximately $17,569,732.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Weitman sold 3,202 shares of Nexstar Media Group stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $168.20, for a total transaction of $538,576.40. Following the sale, the insider now directly owns 2,783 shares of the company’s stock, valued at $468,100.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,906 shares of company stock valued at $2,085,926. Insiders own 5.00% of the company’s stock.

Nexstar Media Group Trading Down 2.7 %

Shares of NXST stock opened at $193.20 on Wednesday. The company has a 50 day moving average of $187.54 and a 200-day moving average of $178.23. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 2.48. Nexstar Media Group, Inc. has a 12-month low of $139.69 and a 12-month high of $204.62. The firm has a market cap of $7.81 billion, a P/E ratio of 8.93, a PEG ratio of 0.74 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $5.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.10. Nexstar Media Group had a net margin of 18.79% and a return on equity of 32.36%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $4.51 EPS. Nexstar Media Group’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Nexstar Media Group, Inc. will post 26.28 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Wednesday, August 10th. Nexstar Media Group’s dividend payout ratio is currently 16.64%.

About Nexstar Media Group

(Get Rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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