Mutual of America Capital Management LLC Sells 1,733 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Mutual of America Capital Management LLC reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,988 shares of the company’s stock after selling 1,733 shares during the period. Mutual of America Capital Management LLC’s holdings in Nexstar Media Group were worth $3,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its position in shares of Nexstar Media Group by 669.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,767 shares of the company’s stock valued at $1,688,000 after purchasing an additional 9,368 shares during the last quarter. International Assets Investment Management LLC raised its position in Nexstar Media Group by 15,107.2% during the 4th quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock worth $19,213,000 after buying an additional 121,764 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Nexstar Media Group by 54.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,073 shares of the company’s stock worth $2,049,000 after buying an additional 4,596 shares during the last quarter. Arlington Trust Co LLC purchased a new position in Nexstar Media Group during the 4th quarter worth approximately $81,000. Finally, Clear Creek Financial Management LLC purchased a new position in Nexstar Media Group during the 4th quarter worth approximately $314,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,475 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $166.00, for a total transaction of $244,850.00. Following the sale, the director now directly owns 4,525 shares in the company, valued at $751,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $170.82, for a total transaction of $341,640.00. Following the sale, the director now directly owns 12,027 shares in the company, valued at $2,054,452.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Thomas Mcmillen sold 1,475 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $166.00, for a total transaction of $244,850.00. Following the sale, the director now owns 4,525 shares in the company, valued at $751,150. The disclosure for this sale can be found here. Insiders have sold 46,508 shares of company stock worth $7,487,950 over the last three months. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NXST. 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. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, Rosenblatt Securities reduced 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 research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.83.

Nexstar Media Group Trading Down 0.1 %

Shares of NXST stock opened at $158.87 on Thursday. The company’s 50-day moving average price is $165.76 and its 200-day moving average price is $158.01. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.90. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.59 and a beta of 1.50. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.32.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 earnings per share (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 analysts’ expectations 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 quarter last year, the firm posted $8.04 earnings per share. As a group, equities analysts predict that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $1.69 dividend. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.35. This represents a $6.76 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Thursday, February 8th. Nexstar Media Group’s payout ratio is 70.20%.

Nexstar Media Group 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.