Amalgamated Bank Sells 286 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Amalgamated Bank reduced its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 22,458 shares of the company’s stock after selling 286 shares during the period. Amalgamated Bank’s holdings in Nexstar Media Group were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXST. SRS Capital Advisors Inc. raised its stake in shares of Nexstar Media Group by 350.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock valued at $37,000 after acquiring an additional 186 shares during the last quarter. New York Life Investment Management LLC raised its position in Nexstar Media Group by 4.4% in the 4th quarter. New York Life Investment Management LLC now owns 3,795 shares of the company’s stock valued at $595,000 after purchasing an additional 160 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Nexstar Media Group by 117.6% in the fourth quarter. Victory Capital Management Inc. now owns 25,610 shares of the company’s stock worth $4,014,000 after purchasing an additional 13,838 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Nexstar Media Group by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,066 shares of the company’s stock worth $637,000 after purchasing an additional 70 shares in the last quarter. Finally, Bruni J V & Co. Co. grew its holdings in shares of Nexstar Media Group by 0.4% during the fourth quarter. Bruni J V & Co. Co. now owns 195,434 shares of the company’s stock worth $30,634,000 after purchasing an additional 702 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 636,788 shares in the company, valued at $101,032,784.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 636,788 shares in the company, valued at $101,032,784.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $170.82, for a total transaction 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 approximately $2,054,452.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,508 shares of company stock worth $7,487,950. 5.90% of the stock is owned by insiders.

Nexstar Media Group Stock Up 5.8 %

Shares of NASDAQ NXST opened at $177.94 on Friday. Nexstar Media Group, Inc. has a 1 year low of $132.30 and a 1 year high of $187.32. The firm’s 50-day moving average is $164.90 and its 200-day moving average is $160.59. 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 firm has a market capitalization of $5.86 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). The business 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 was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $8.04 earnings per share. Equities analysts expect that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Thursday, May 9th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.80%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 70.20%.

Analyst Ratings Changes

Several brokerages recently issued reports on NXST. TheStreet upgraded shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Rosenblatt Securities reduced their target price on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Finally, Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.83.

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.