CX Institutional Has $7.22 Million Stake in Nexstar Media Group, Inc. $NXST

Posted by Francis Steltz on Aug 5th, 2026

CX Institutional raised its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 16.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,423 shares of the company’s stock after acquiring an additional 5,567 shares during the period. CX Institutional’s holdings in Nexstar Media Group were worth $7,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NXST. QVT Financial LP increased its stake in shares of Nexstar Media Group by 200.0% in the fourth quarter. QVT Financial LP now owns 155,281 shares of the company’s stock worth $31,530,000 after purchasing an additional 310,562 shares during the period. AQR Capital Management LLC boosted its stake in Nexstar Media Group by 118.1% during the 2nd quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock valued at $93,795,000 after purchasing an additional 294,308 shares during the period. Norges Bank bought a new stake in Nexstar Media Group during the 4th quarter valued at approximately $41,474,000. Alliancebernstein L.P. grew its holdings in Nexstar Media Group by 27.1% in the 2nd quarter. Alliancebernstein L.P. now owns 882,322 shares of the company’s stock valued at $152,598,000 after buying an additional 187,864 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Nexstar Media Group by 104.2% in the 4th quarter. Millennium Management LLC now owns 319,376 shares of the company’s stock valued at $64,849,000 after buying an additional 162,963 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on NXST shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Wells Fargo & Company lowered their price objective on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Zacks Research cut shares of Nexstar Media Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and a consensus price target of $259.67.

Get Our Latest Stock Analysis on Nexstar Media Group

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $196.25 on Wednesday. Nexstar Media Group, Inc. has a 12-month low of $154.47 and a 12-month high of $254.30. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53. The firm has a market capitalization of $5.99 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 0.51 and a beta of 0.91. The firm has a 50-day moving average price of $178.86 and a 200 day moving average price of $201.32.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. Nexstar Media Group’s dividend payout ratio is currently 159.66%.

Insider Buying and Selling

In other Nexstar Media Group news, insider Brett Jenkins sold 301 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $51,413.81. Following the completion of the transaction, the insider directly owned 28,798 shares in the company, valued at $4,918,986.38. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Perry A. Sook purchased 12,235 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $162.26 per share, with a total value of $1,985,251.10. Following the completion of the acquisition, the chief executive officer directly owned 899,044 shares in the company, valued at $145,878,879.44. The trade was a 1.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 22,813 shares of company stock worth $4,174,731. Insiders own 7.00% of the company’s stock.

Nexstar Media Group Profile

(Free Report)

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.