Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Bought by UMB Bank n.a.

UMB Bank n.a. increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 68.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 536 shares of the company’s stock after acquiring an additional 218 shares during the period. UMB Bank n.a.’s holdings in Nexstar Media Group were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of NXST. SBI Securities Co. Ltd. bought a new position in Nexstar Media Group in the fourth quarter worth $25,000. Whipplewood Advisors LLC increased its stake in shares of Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company’s stock valued at $55,000 after acquiring an additional 274 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Nexstar Media Group by 2,126.3% during the first quarter. Versant Capital Management Inc now owns 423 shares of the company’s stock worth $76,000 after purchasing an additional 404 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Nexstar Media Group by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock worth $87,000 after acquiring an additional 73 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Nexstar Media Group by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 651 shares of the company’s stock valued at $117,000 after purchasing an additional 152 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nexstar Media Group news, insider Gary Weitman sold 325 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $167.25, for a total transaction of $54,356.25. Following the transaction, the insider now directly owns 7,425 shares in the company, valued at approximately $1,241,831.25. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Ann Gliha sold 526 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $167.25, for a total transaction of $87,973.50. Following the transaction, the executive vice president now directly owns 11,709 shares in the company, valued at approximately $1,958,330.25. This represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,033 shares of company stock worth $3,491,901 in the last ninety days. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXST. Barrington Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Guggenheim boosted their target price on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Wells Fargo & Company reduced their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $169.17 on Friday. The firm’s 50 day simple moving average is $161.48 and its 200 day simple moving average is $162.17. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.45 and a beta of 1.05. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, May 19th. Nexstar Media Group’s payout ratio is 37.69%.

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.