Nisa Investment Advisors LLC Has $292,000 Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Nisa Investment Advisors LLC increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632 shares of the company’s stock after buying an additional 304 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nexstar Media Group were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Glassy Mountain Advisors Inc. grew its position in Nexstar Media Group by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 20,497 shares of the company’s stock worth $3,674,000 after buying an additional 73 shares in the last quarter. Mariner LLC boosted its holdings in Nexstar Media Group by 5.3% during the fourth quarter. Mariner LLC now owns 2,300 shares of the company’s stock valued at $363,000 after purchasing an additional 115 shares in the last quarter. Focus Partners Wealth boosted its holdings in Nexstar Media Group by 7.3% during the fourth quarter. Focus Partners Wealth now owns 1,726 shares of the company’s stock valued at $273,000 after purchasing an additional 117 shares in the last quarter. Trust Point Inc. boosted its holdings in Nexstar Media Group by 5.4% during the first quarter. Trust Point Inc. now owns 2,334 shares of the company’s stock valued at $418,000 after purchasing an additional 119 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its holdings in Nexstar Media Group by 9.6% during the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company’s stock valued at $231,000 after purchasing an additional 128 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Benchmark reduced their target price on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Activity at Nexstar Media Group

In other news, EVP Lee Ann Gliha sold 1,437 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $173.59, for a total value of $249,448.83. Following the transaction, the executive vice president owned 10,923 shares of the company’s stock, valued at approximately $1,896,123.57. This trade represents a 11.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sean Compton sold 1,088 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $175.53, for a total transaction of $190,976.64. Following the completion of the transaction, the insider directly owned 12,096 shares in the company, valued at $2,123,210.88. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,474 shares of company stock worth $3,666,988. Company insiders own 6.70% of the company’s stock.

Nexstar Media Group Stock Up 0.4%

Shares of NXST opened at $179.81 on Thursday. The company has a market capitalization of $5.49 billion, a P/E ratio of 9.11, a PEG ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.74 and a quick ratio of 1.74. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $191.86. The business’s 50 day simple moving average is $173.21 and its 200-day simple moving average is $163.90.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a net margin of 12.21% and a return on equity of 29.21%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $5.16 EPS. Nexstar Media Group’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 4.14%. The ex-dividend date was Monday, May 19th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

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.