Utah Retirement Systems Sells 100 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Utah Retirement Systems lessened its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,600 shares of the company’s stock after selling 100 shares during the period. Utah Retirement Systems’ holdings in Nexstar Media Group were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV lifted its holdings in 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 acquiring an additional 16,324 shares in the last quarter. Entropy Technologies LP bought a new position in Nexstar Media Group during the 4th quarter worth about $506,000. Barclays PLC raised its stake in shares of Nexstar Media Group by 16.8% in the 3rd quarter. Barclays PLC now owns 45,051 shares of the company’s stock valued at $7,448,000 after purchasing an additional 6,475 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Nexstar Media Group during the 4th quarter worth approximately $1,264,000. Finally, Pacer Advisors Inc. lifted its position in shares of Nexstar Media Group by 27,180.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock worth $190,650,000 after purchasing an additional 1,202,453 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Stock Up 5.5 %

Shares of NASDAQ NXST opened at $152.66 on Friday. Nexstar Media Group, Inc. has a 52 week low of $141.66 and a 52 week high of $191.86. The stock’s fifty day moving average is $163.01 and its 200 day moving average is $162.54. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $4.66 billion, a P/E ratio of 8.83, a PEG ratio of 0.45 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. Wells Fargo & Company lowered their target price on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday. Guggenheim boosted their price target on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $207.14.

Insider Transactions at Nexstar Media Group

In other news, insider Andrew Alford sold 3,768 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the transaction, the insider now owns 5,405 shares of the company’s stock, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Weitman sold 1,241 shares of Nexstar Media Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $177.21, for a total transaction of $219,917.61. Following the sale, the insider now directly owns 3,975 shares in the company, valued at $704,409.75. This trade represents a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,105 shares of company stock valued at $6,722,463. Corporate insiders own 6.30% of the company’s stock.

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.