Xponance Inc. Sells 93 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Xponance Inc. decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,343 shares of the company’s stock after selling 93 shares during the quarter. Xponance Inc.’s holdings in Nexstar Media Group were worth $838,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in Nexstar Media Group by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 190,972 shares of the company’s stock worth $27,322,000 after purchasing an additional 5,389 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Nexstar Media Group by 15.3% in the 3rd quarter. Copeland Capital Management LLC now owns 502,639 shares of the company’s stock valued at $72,063,000 after acquiring an additional 66,645 shares in the last quarter. Boston Financial Mangement LLC increased its stake in shares of Nexstar Media Group by 156.5% in the 3rd quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock valued at $34,218,000 after acquiring an additional 145,617 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Nexstar Media Group by 519.6% in the 3rd quarter. American Century Companies Inc. now owns 51,659 shares of the company’s stock valued at $7,406,000 after acquiring an additional 43,322 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Nexstar Media Group by 72.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,182 shares of the company’s stock valued at $1,747,000 after acquiring an additional 5,121 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $160.98 on Friday. The firm has a market capitalization of $5.38 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50. The firm has a fifty day simple moving average of $165.53 and a two-hundred day simple moving average of $158.95. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.90. Nexstar Media Group, Inc. has a 12 month low of $132.30 and a 12 month high of $187.32.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). The business 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 business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $8.04 EPS. Analysts forecast that Nexstar Media Group, Inc. will post 26.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NXST has been the subject of several research analyst reports. TheStreet upgraded shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, March 7th. Finally, Rosenblatt Securities lowered their price objective on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.83.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $166.00, for a total transaction of $244,850.00. Following the transaction, the director now directly owns 4,525 shares of the company’s stock, valued at approximately $751,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $166.00, for a total transaction of $244,850.00. Following the transaction, the director now directly owns 4,525 shares of the company’s stock, valued at approximately $751,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $341,640.00. Following the transaction, the director now directly owns 12,027 shares in the company, valued at $2,054,452.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,508 shares of company stock worth $7,487,950. 5.90% of the stock is owned by corporate insiders.

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.