Bruni J V & Co. Co. Raises Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bruni J V & Co. Co. increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,434 shares of the company’s stock after acquiring an additional 702 shares during the quarter. Nexstar Media Group comprises 3.8% of Bruni J V & Co. Co.’s holdings, making the stock its 14th biggest position. Bruni J V & Co. Co. owned 0.58% of Nexstar Media Group worth $30,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Nexstar Media Group in the 4th quarter worth $112,000. Meritage Portfolio Management lifted its stake in shares of Nexstar Media Group by 24.5% in the 4th quarter. Meritage Portfolio Management now owns 4,492 shares of the company’s stock valued at $704,000 after purchasing an additional 885 shares during the period. Alaska Permanent Fund Corp grew its position in Nexstar Media Group by 3.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 14,517 shares of the company’s stock valued at $2,276,000 after buying an additional 417 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Nexstar Media Group by 4.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,420 shares of the company’s stock worth $1,320,000 after acquiring an additional 368 shares during the period. Finally, Cetera Trust Company N.A purchased a new position in shares of Nexstar Media Group in the 4th quarter valued at about $223,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,475 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $166.00, for a total value of $244,850.00. Following the sale, the director now owns 4,525 shares of the company’s stock, valued at $751,150. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the sale, the chief executive officer now directly owns 636,788 shares in the company, valued at approximately $101,032,784.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles Thomas Mcmillen sold 1,475 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $166.00, for a total value of $244,850.00. Following the transaction, the director now directly owns 4,525 shares of the company’s stock, valued at $751,150. The disclosure for this sale can be found here. Insiders sold a total of 46,508 shares of company stock worth $7,487,950 over the last three months. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NXST shares. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, March 7th. TheStreet raised Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, Rosenblatt Securities reduced their price objective on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average target price of $193.83.

Nexstar Media Group Trading Down 1.3 %

Shares of NXST stock traded down $2.06 on Friday, hitting $158.92. 250,869 shares of the stock traded hands, compared to its average volume of 211,786. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.32. The firm’s 50-day moving average price is $164.98 and its two-hundred day moving average price is $159.11. The stock has a market capitalization of $5.31 billion, a PE ratio of 16.50, a PEG ratio of 0.59 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. Nexstar Media Group’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period last year, the firm earned $8.04 earnings per share. As a group, analysts anticipate that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, May 9th. Nexstar Media Group’s payout ratio is 70.20%.

Nexstar Media Group 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.