Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXSTGet Rating) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,560 shares of the company’s stock after selling 100 shares during the period. Swiss National Bank owned 0.24% of Nexstar Media Group worth $15,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Nexstar Media Group by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 11,112 shares of the company’s stock worth $1,810,000 after acquiring an additional 58 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Nexstar Media Group by 4.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,619 shares of the company’s stock worth $305,000 after acquiring an additional 62 shares during the period. National Asset Management Inc. lifted its stake in shares of Nexstar Media Group by 3.1% in the 1st quarter. National Asset Management Inc. now owns 2,527 shares of the company’s stock worth $477,000 after acquiring an additional 77 shares during the period. Allworth Financial LP lifted its stake in shares of Nexstar Media Group by 74.4% in the 2nd quarter. Allworth Financial LP now owns 211 shares of the company’s stock worth $34,000 after acquiring an additional 90 shares during the period. Finally, Denali Advisors LLC lifted its stake in shares of Nexstar Media Group by 100.0% in the 2nd quarter. Denali Advisors LLC now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 100 shares during the period. 92.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Thomas Carter sold 9,737 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $171.91, for a total transaction of $1,673,887.67. Following the sale, the chief operating officer now owns 102,540 shares in the company, valued at $17,627,651.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Thomas Carter sold 9,737 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $171.91, for a total transaction of $1,673,887.67. Following the transaction, the chief operating officer now directly owns 102,540 shares of the company’s stock, valued at $17,627,651.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Weitman sold 192 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $191.07, for a total transaction of $36,685.44. Following the transaction, the insider now directly owns 3,216 shares in the company, valued at $614,481.12. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock worth $4,411,873 over the last 90 days. 5.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Guggenheim reduced their price target on shares of Nexstar Media Group to $230.00 in a research note on Thursday, October 20th. Rosenblatt Securities dropped their target price on shares of Nexstar Media Group from $246.00 to $237.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Barrington Research dropped their target price on shares of Nexstar Media Group from $240.00 to $200.00 in a report on Friday, November 11th. StockNews.com started coverage on shares of Nexstar Media Group in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Nexstar Media Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $227.00 to $175.00 in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.33.

Nexstar Media Group Stock Up 0.3 %

NXST stock opened at $170.95 on Friday. Nexstar Media Group, Inc. has a 52-week low of $139.69 and a 52-week high of $204.62. The company’s 50 day simple moving average is $176.16 and its 200-day simple moving average is $177.09. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $6.45 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.63 and a beta of 1.43.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, November 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. Nexstar Media Group’s dividend payout ratio is currently 14.38%.

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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