Caitong International Asset Management Co. Ltd Has $37,000 Holdings in Nexstar Media Group, Inc. $NXST

Caitong International Asset Management Co. Ltd lowered its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 43.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216 shares of the company’s stock after selling 167 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Nexstar Media Group were worth $37,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Nexstar Media Group by 375.0% during the second quarter. IFP Advisors Inc now owns 152 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the period. LRI Investments LLC acquired a new stake in shares of Nexstar Media Group during the second quarter valued at approximately $43,000. First Horizon Advisors Inc. raised its holdings in shares of Nexstar Media Group by 62.3% during the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company’s stock valued at $72,000 after acquiring an additional 154 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Nexstar Media Group by 186.7% during the first quarter. SBI Securities Co. Ltd. now owns 453 shares of the company’s stock valued at $81,000 after acquiring an additional 295 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Nexstar Media Group by 38.9% during the second quarter. GAMMA Investing LLC now owns 514 shares of the company’s stock valued at $89,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

NXST stock opened at $190.73 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 1.42 and a beta of 1.01. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $223.36. The firm has a 50 day moving average of $201.11 and a two-hundred day moving average of $182.50.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, August 7th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.54 earnings per share. As a group, equities analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Nexstar Media Group’s payout ratio is currently 38.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Benchmark upped their price objective on shares of Nexstar Media Group from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Zacks Research upgraded shares of Nexstar Media Group to a “hold” rating in a research note on Friday, August 8th. Wells Fargo & Company upped their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Barrington Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

About Nexstar Media Group

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.