Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,410 shares of the company’s stock after purchasing an additional 1,123 shares during the quarter. Quantinno Capital Management LP’s holdings in Nexstar Media Group were worth $855,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NXST. SBI Securities Co. Ltd. bought a new position in Nexstar Media Group in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its position in shares of Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after acquiring an additional 73 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Nexstar Media Group by 99.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company’s stock valued at $124,000 after purchasing an additional 392 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Nexstar Media Group by 31.0% in the fourth quarter. Venturi Wealth Management LLC now owns 883 shares of the company’s stock valued at $139,000 after purchasing an additional 209 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Nexstar Media Group by 49.7% in the fourth quarter. Covestor Ltd now owns 949 shares of the company’s stock valued at $150,000 after purchasing an additional 315 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nexstar Media Group news, insider Gary Weitman sold 1,241 shares of the 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 transaction, the insider now owns 3,975 shares in the company, valued at $704,409.75. This represents a 23.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 43,558 shares of company stock valued at $7,504,098 over the last 90 days. 6.70% of the stock is currently owned by insiders.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $171.51 on Friday. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $191.86. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.92, 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. The firm has a fifty day moving average of $162.75 and a 200-day moving average of $162.14.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $5.16 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Monday, May 19th. Nexstar Media Group’s payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NXST shares. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Wall Street Zen downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Benchmark lowered their price target on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Finally, Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

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.