Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,609 shares of the company’s stock after selling 962 shares during the quarter. Yousif Capital Management LLC’s holdings in Nexstar Media Group were worth $2,447,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. OLD Second National Bank of Aurora acquired a new stake in Nexstar Media Group during the fourth quarter valued at approximately $45,000. Itau Unibanco Holding S.A. acquired a new stake in Nexstar Media Group during the third quarter valued at approximately $65,000. Signaturefd LLC raised its stake in Nexstar Media Group by 20.3% during the fourth quarter. Signaturefd LLC now owns 420 shares of the company’s stock valued at $66,000 after buying an additional 71 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in Nexstar Media Group during the fourth quarter valued at approximately $81,000. Finally, Huntington National Bank raised its stake in Nexstar Media Group by 95.2% during the third quarter. Huntington National Bank now owns 652 shares of the company’s stock valued at $93,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Up 3.7 %

NASDAQ:NXST opened at $164.75 on Tuesday. The firm has a market capitalization of $5.51 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.50. The stock has a 50 day moving average of $164.98 and a 200-day moving average of $159.34. Nexstar Media Group, Inc. has a 52 week low of $132.30 and a 52 week high of $187.32. 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 (NASDAQ:NXST) last posted 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). Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company posted $8.04 earnings per share. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. Analysts predict that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, May 9th. Nexstar Media Group’s dividend payout ratio (DPR) is 70.20%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barrington Research restated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, March 7th. Rosenblatt Securities lowered their target price 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. Finally, TheStreet raised Nexstar Media Group from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Nexstar Media Group has an average rating of “Moderate Buy” and a consensus target price of $193.83.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 of the company’s stock, valued at approximately $101,032,784.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 of the company’s stock, valued at approximately $101,032,784.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 46,508 shares of company stock valued at $7,487,950 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

About Nexstar Media Group

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.