Dimensional Fund Advisors LP Has $275.12 Million Stock Position in Nexstar Media Group, Inc. $NXST

Dimensional Fund Advisors LP raised its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,391,323 shares of the company’s stock after acquiring an additional 42,391 shares during the quarter. Dimensional Fund Advisors LP owned about 4.59% of Nexstar Media Group worth $275,121,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its holdings in shares of Nexstar Media Group by 12.8% during the third quarter. Cresset Asset Management LLC now owns 14,015 shares of the company’s stock worth $2,771,000 after acquiring an additional 1,592 shares during the period. Victory Capital Management Inc. increased its stake in shares of Nexstar Media Group by 2.0% during the third quarter. Victory Capital Management Inc. now owns 296,200 shares of the company’s stock worth $58,571,000 after purchasing an additional 5,762 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in shares of Nexstar Media Group by 4.4% during the third quarter. Focus Partners Advisor Solutions LLC now owns 1,946 shares of the company’s stock worth $377,000 after purchasing an additional 82 shares during the period. Caitlin John LLC lifted its holdings in Nexstar Media Group by 13.7% during the 3rd quarter. Caitlin John LLC now owns 1,728 shares of the company’s stock worth $342,000 after purchasing an additional 208 shares during the last quarter. Finally, Choreo LLC lifted its holdings in Nexstar Media Group by 9.0% during the 3rd quarter. Choreo LLC now owns 4,617 shares of the company’s stock worth $913,000 after purchasing an additional 383 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Stock Down 2.3%

Shares of NASDAQ NXST opened at $247.75 on Friday. The stock has a market capitalization of $7.51 billion, a P/E ratio of 84.27, a PEG ratio of 1.00 and a beta of 0.79. The stock’s fifty day moving average is $222.12 and its 200 day moving average is $206.29. Nexstar Media Group, Inc. has a 52 week low of $141.66 and a 52 week high of $254.30. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.87 and a current ratio of 2.07.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 253.06%.

Analysts Set New Price Targets

A number of brokerages have commented on NXST. Deutsche Bank Aktiengesellschaft upped their price objective on Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Barrington Research reissued an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday. Guggenheim boosted their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wells Fargo & Company upped their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Citigroup raised their price target on shares of Nexstar Media Group from $204.00 to $252.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average price target of $267.43.

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.