Mariner LLC Purchases 115 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Mariner LLC grew its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,300 shares of the company’s stock after acquiring an additional 115 shares during the quarter. Mariner LLC’s holdings in Nexstar Media Group were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in Nexstar Media Group by 16.8% during the 3rd quarter. Barclays PLC now owns 45,051 shares of the company’s stock valued at $7,448,000 after purchasing an additional 6,475 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group in the 3rd quarter worth about $33,000. Tidal Investments LLC lifted its position in Nexstar Media Group by 57.8% in the 3rd quarter. Tidal Investments LLC now owns 3,217 shares of the company’s stock valued at $532,000 after acquiring an additional 1,178 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Nexstar Media Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock valued at $1,073,000 after purchasing an additional 68 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Nexstar Media Group by 1.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,127 shares of the company’s stock worth $1,600,000 after purchasing an additional 140 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXST has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday. Benchmark increased their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group currently has an average rating of “Moderate Buy” and a consensus price target of $207.14.

Insider Transactions at Nexstar Media Group

In related news, insider Andrew Alford sold 3,768 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the transaction, the insider now directly owns 5,405 shares in the company, valued at approximately $983,601.90. The trade was a 41.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Weitman sold 1,241 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $177.21, for a total value of $219,917.61. Following the sale, the insider now owns 3,975 shares in the company, valued at approximately $704,409.75. This represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,105 shares of company stock worth $6,722,463 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Trading Up 5.5 %

NASDAQ:NXST opened at $152.66 on Friday. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm’s 50 day moving average is $163.01 and its 200 day moving average is $162.54. The stock has a market capitalization of $4.66 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Sell-side analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

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.