SG Americas Securities LLC Acquires 679 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

SG Americas Securities LLC lifted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXSTFree Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,836 shares of the company’s stock after purchasing an additional 679 shares during the period. SG Americas Securities LLC’s holdings in Nexstar Media Group were worth $758,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NXST. Brown Brothers Harriman & Co. purchased a new stake in Nexstar Media Group during the 1st quarter valued at $26,000. Itau Unibanco Holding S.A. purchased a new stake in Nexstar Media Group during the 3rd quarter valued at $65,000. Point72 Asset Management L.P. boosted its position in Nexstar Media Group by 101.1% during 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 period. Huntington National Bank boosted its position in Nexstar Media Group by 95.2% during 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 period. Finally, Lazard Asset Management LLC boosted its position in Nexstar Media Group by 196.8% during 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 period. Institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Nexstar Media Group

In other news, CEO Perry A. Sook sold 31,758 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the completion of the sale, the chief executive officer now directly owns 636,788 shares in the company, valued at $101,032,784.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Sean Compton sold 3,000 shares of Nexstar Media Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $162.61, for a total value of $487,830.00. Following the completion of the sale, the insider now directly owns 9,489 shares in the company, valued at $1,543,006.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Perry A. Sook sold 31,758 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the sale, the chief executive officer now owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,508 shares of company stock worth $7,487,950. 5.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on Nexstar Media Group

Nexstar Media Group Stock Down 1.3 %

NASDAQ:NXST opened at $167.98 on Wednesday. The firm has a market cap of $5.62 billion, a P/E ratio of 17.44, a P/E/G ratio of 0.64 and a beta of 1.50. 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, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The firm has a 50-day simple moving average of $168.20 and a two-hundred day simple moving average of $156.45.

Nexstar Media Group (NASDAQ:NXSTGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.04 earnings per share. Analysts predict that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

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

About Nexstar Media Group

(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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