Nexstar Media Group, Inc. $NXST Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,383 shares of the company’s stock after selling 12,445 shares during the period. Rhumbline Advisers owned 0.28% of Nexstar Media Group worth $16,884,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NXST. Integrated Wealth Concepts LLC acquired a new position in Nexstar Media Group in the first quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nexstar Media Group by 49.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after purchasing an additional 5,251 shares during the period. Millennium Management LLC lifted its stake in shares of Nexstar Media Group by 571.4% in the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock valued at $13,020,000 after purchasing an additional 61,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after purchasing an additional 16,637 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Nexstar Media Group during the 1st quarter worth about $654,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 1.0%

Shares of NXST stock opened at $233.40 on Wednesday. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $254.30. The company has a 50 day moving average price of $212.53 and a 200 day moving average price of $202.37. The stock has a market capitalization of $7.08 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.90 and a beta of 0.85. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.87 and a current ratio of 1.87.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.2%. Nexstar Media Group’s dividend payout ratio is currently 46.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Finally, Citigroup dropped their target price on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.50.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.