Nisa Investment Advisors LLC Has $2.05 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Nisa Investment Advisors LLC boosted its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 54.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,073 shares of the company’s stock after buying an additional 4,596 shares during the period. Nisa Investment Advisors LLC’s holdings in Nexstar Media Group were worth $2,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Arlington Trust Co LLC bought a new stake in Nexstar Media Group in the 4th quarter valued at about $81,000. International Assets Investment Management LLC boosted its holdings in Nexstar Media Group by 15,107.2% in the 4th quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock valued at $19,213,000 after purchasing an additional 121,764 shares during the period. Clear Creek Financial Management LLC bought a new stake in Nexstar Media Group in the 4th quarter valued at about $314,000. Parcion Private Wealth LLC boosted its holdings in Nexstar Media Group by 14.2% in the 4th quarter. Parcion Private Wealth LLC now owns 27,038 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,359 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of Nexstar Media Group during the 4th quarter worth approximately $521,000. Institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the company’s 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 transaction, the chief executive officer now directly owns 636,788 shares in the company, valued at approximately $101,032,784.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Lisbeth Mcnabb sold 2,300 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $165.00, for a total transaction of $379,500.00. Following the completion of the sale, the director now directly owns 12,727 shares in the company, valued at $2,099,955. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction 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 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 currently owned by company insiders.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $159.78 on Friday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.60 and a beta of 1.50. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $166.28 and a 200 day simple moving average of $157.63. Nexstar Media Group, Inc. has a one year low of $132.30 and a one year high of $187.32.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). The company had revenue of $1.30 billion during 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%. Nexstar Media Group’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $8.04 EPS. Research 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given 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 yield of 4.23%. The ex-dividend date was Thursday, February 8th. Nexstar Media Group’s dividend payout ratio is 70.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NXST shares. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, March 7th. Finally, Rosenblatt Securities cut their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average price target of $193.83.

Nexstar Media Group Company Profile

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.