Nexstar Media Group (NASDAQ:NXST) Given New $250.00 Price Target at Deutsche Bank Aktiengesellschaft

Nexstar Media Group (NASDAQ:NXST) had its target price raised by Deutsche Bank Aktiengesellschaft from $225.00 to $250.00 in a research note released on Tuesday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

NXST has been the topic of several other research reports. Citigroup dropped their price objective on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.50.

Nexstar Media Group Stock Up 2.3%

Shares of NASDAQ:NXST opened at $245.59 on Tuesday. The firm has a 50 day simple moving average of $208.37 and a 200-day simple moving average of $200.75. Nexstar Media Group has a twelve month low of $141.66 and a twelve month high of $254.30. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $7.45 billion, a PE ratio of 15.23, a P/E/G ratio of 0.91 and a beta of 0.85.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $7.44 annualized dividend and a yield of 3.0%. Nexstar Media Group’s payout ratio is currently 46.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NXST. Collar Capital Management LLC lifted its stake in shares of Nexstar Media Group by 4.3% during the fourth quarter. Collar Capital Management LLC now owns 2,639 shares of the company’s stock valued at $536,000 after buying an additional 110 shares during the period. Norges Bank purchased a new position in shares of Nexstar Media Group during the 4th quarter worth $41,474,000. Severin Investments LLC lifted its stake in shares of Nexstar Media Group by 104.0% during the 4th quarter. Severin Investments LLC now owns 2,495 shares of the company’s stock worth $507,000 after purchasing an additional 1,272 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nexstar Media Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after purchasing an additional 13,084 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in shares of Nexstar Media Group by 2.7% in the fourth quarter. King Luther Capital Management Corp now owns 29,513 shares of the company’s stock valued at $5,993,000 after purchasing an additional 775 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

About Nexstar Media Group

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.