Blue Trust Inc. Has $130,000 Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Blue Trust Inc. grew its position in Nexstar Media Group, Inc. (NASDAQ:NXSTFree Report) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 906 shares of the company’s stock after purchasing an additional 158 shares during the period. Blue Trust Inc.’s holdings in Nexstar Media Group were worth $130,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in Nexstar Media Group in the 1st quarter worth about $26,000. Itau Unibanco Holding S.A. acquired a new stake in Nexstar Media Group in the 3rd quarter valued at approximately $65,000. Point72 Asset Management L.P. grew its holdings in Nexstar Media Group by 101.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 526 shares of the company’s stock valued at $88,000 after buying an additional 50,526 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Nexstar Media Group by 196.8% in the 4th quarter. Lazard Asset Management LLC now owns 552 shares of the company’s stock valued at $96,000 after buying an additional 366 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Nexstar Media Group by 95.2% in the 3rd quarter. Huntington National Bank now owns 652 shares of the company’s stock valued at $93,000 after buying an additional 318 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Nexstar Media Group Stock Down 1.3 %

NASDAQ NXST opened at $167.98 on Wednesday. The stock has a fifty day moving average of $168.20 and a 200-day moving average of $156.45. The stock has a market capitalization of $5.62 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.50. Nexstar Media Group, Inc. has a 52 week low of $132.30 and a 52 week high of $187.32. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53.

Nexstar Media Group (NASDAQ:NXSTGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the business posted $8.04 earnings per share. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $1.69 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.35. This represents a $6.76 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Thursday, February 8th. Nexstar Media Group’s dividend payout ratio (DPR) is 70.20%.

Insider Buying and Selling

In related news, EVP Michael Strober sold 1,000 shares of Nexstar Media Group stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $167.49, for a total transaction of $167,490.00. Following the completion of the sale, the executive vice president now directly owns 1,076 shares of the company’s stock, valued at $180,219.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Michael Strober sold 1,000 shares of Nexstar Media Group stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $167.49, for a total transaction of $167,490.00. Following the completion of the sale, the executive vice president now directly owns 1,076 shares of the company’s stock, valued at $180,219.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis J. Fitzsimons sold 2,000 shares of Nexstar Media Group stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the sale, the director now directly owns 12,027 shares of the company’s stock, valued at $2,054,452.14. The disclosure for this sale can be found here. Insiders sold a total of 46,508 shares of company stock valued at $7,487,950 over the last three months. Company insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup initiated coverage on Nexstar Media Group in a report on Friday, December 8th. They issued a “neutral” rating and a $158.00 target price on the stock. Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, March 7th. TheStreet upgraded Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, Rosenblatt Securities dropped their price target on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.83.

View Our Latest Research Report on NXST

Nexstar Media Group Profile

(Free Report)

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.

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

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