Quarry LP Has $37,000 Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Quarry LP lessened its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 62.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 235 shares of the company’s stock after selling 392 shares during the quarter. Quarry LP’s holdings in Nexstar Media Group were worth $37,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its position in shares of Nexstar Media Group by 1,801.8% during the fourth quarter. KBC Group NV now owns 17,230 shares of the company’s stock worth $2,722,000 after purchasing an additional 16,324 shares during the period. Entropy Technologies LP acquired a new stake in Nexstar Media Group during the 4th quarter worth approximately $506,000. Barclays PLC lifted its stake in Nexstar Media Group by 16.8% in the third quarter. Barclays PLC now owns 45,051 shares of the company’s stock valued at $7,448,000 after buying an additional 6,475 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Nexstar Media Group in the fourth quarter valued at approximately $1,264,000. Finally, Pacer Advisors Inc. increased its position in shares of Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock worth $190,650,000 after acquiring an additional 1,202,453 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Stock Up 5.5 %

NASDAQ:NXST opened at $152.66 on Friday. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86. The stock’s 50 day moving average price is $163.01 and its two-hundred day moving average price is $162.54.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of research analyst reports. Guggenheim upped their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Loop Capital raised Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $207.14.

Insider Activity

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares in the company, valued at $137,563,262.73. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Weitman sold 1,241 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the sale, the insider now directly owns 3,975 shares of the company’s stock, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is owned by company insiders.

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.