GAMMA Investing LLC Has $89,000 Stake in Nexstar Media Group, Inc. $NXST

GAMMA Investing LLC lifted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 38.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514 shares of the company’s stock after acquiring an additional 144 shares during the quarter. GAMMA Investing LLC’s holdings in Nexstar Media Group were worth $89,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Nexstar Media Group by 830.3% in the first quarter. Whipplewood Advisors LLC now owns 307 shares of the company’s stock worth $55,000 after purchasing an additional 274 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nexstar Media Group by 2,293.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company’s stock valued at $69,000 after buying an additional 367 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Nexstar Media Group by 62.3% in the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company’s stock valued at $72,000 after buying an additional 154 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Nexstar Media Group by 186.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 453 shares of the company’s stock worth $81,000 after buying an additional 295 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Nexstar Media Group by 86.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 509 shares of the company’s stock worth $91,000 after acquiring an additional 236 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Nexstar Media Group Trading Up 1.3%

NASDAQ:NXST opened at $198.63 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.46 and a beta of 1.01. The business’s 50-day moving average price is $200.17 and its two-hundred day moving average price is $179.54. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $223.36.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. Nexstar Media Group’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.54 EPS. On average, equities analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 15th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 38.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NXST shares. Benchmark upped their target price on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barrington Research restated an “outperform” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Zacks Research upgraded Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Guggenheim lifted their target price on Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their target price on Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average price target of $225.00.

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.