John G Ullman & Associates Inc. lowered its position in Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 14.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,000 shares of the company’s stock after selling 3,875 shares during the period. John G Ullman & Associates Inc.’s holdings in Nexstar Media Group were worth $4,159,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of NXST. Sentinel Dome Partners LLC acquired a new position in Nexstar Media Group in the fourth quarter valued at $2,315,000. Geode Capital Management LLC grew its holdings in Nexstar Media Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after acquiring an additional 13,084 shares during the period. CPC Advisors LLC grew its holdings in Nexstar Media Group by 114.3% during the 1st quarter. CPC Advisors LLC now owns 26,651 shares of the company’s stock worth $4,819,000 after acquiring an additional 14,217 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Nexstar Media Group by 3,648.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after acquiring an additional 63,261 shares during the period. Finally, M&T Bank Corp raised its position in shares of Nexstar Media Group by 2,573.4% in the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after acquiring an additional 134,871 shares in the last quarter. 95.30% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Nexstar Media Group news, CEO Perry A. Sook purchased 12,235 shares of Nexstar Media Group stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $162.26 per share, with a total value of $1,985,251.10. Following the transaction, the chief executive officer owned 899,044 shares in the company, valued at $145,878,879.44. This trade represents a 1.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Biard sold 1,227 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $174.21, for a total transaction of $213,755.67. Following the sale, the chief operating officer owned 17,105 shares of the company’s stock, valued at $2,979,862.05. This trade represents a 6.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 22,813 shares of company stock worth $4,174,731 over the last quarter. Corporate insiders own 7.00% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Nexstar Media Group
Nexstar Media Group Trading Down 0.8%
Shares of Nexstar Media Group stock opened at $183.71 on Friday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76. Nexstar Media Group, Inc. has a 52 week low of $154.47 and a 52 week high of $254.30. The stock has a 50 day moving average price of $179.97 and a two-hundred day moving average price of $202.90. The stock has a market capitalization of $5.61 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 0.47 and a beta of 0.91.
Nexstar Media Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, May 15th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 159.66%.
Nexstar Media Group Profile
Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.
Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.
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