Penn Capital Management Company LLC raised its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,668 shares of the company’s stock after acquiring an additional 3,567 shares during the period. Nexstar Media Group makes up approximately 1.7% of Penn Capital Management Company LLC’s holdings, making the stock its 5th biggest holding. Penn Capital Management Company LLC’s holdings in Nexstar Media Group were worth $21,112,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Nexstar Media Group during the 4th quarter worth approximately $186,000. Hantz Financial Services Inc. raised its holdings in shares of Nexstar Media Group by 80.1% during the 4th quarter. Hantz Financial Services Inc. now owns 362 shares of the company’s stock worth $74,000 after acquiring an additional 161 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Nexstar Media Group during the 4th quarter worth approximately $1,076,000. Coldstream Capital Management Inc. raised its holdings in shares of Nexstar Media Group by 15.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,307 shares of the company’s stock worth $265,000 after acquiring an additional 172 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Nexstar Media Group by 1,512.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,048 shares of the company’s stock worth $213,000 after acquiring an additional 983 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Nexstar Media Group
In other Nexstar Media Group news, insider Dan Lanzano sold 237 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $196.37, for a total value of $46,539.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sean Compton sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the sale, the insider owned 11,252 shares in the company, valued at approximately $2,205,392. The trade was a 30.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.70% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on Nexstar Media Group
Nexstar Media Group Stock Performance
NASDAQ:NXST opened at $188.03 on Wednesday. The stock’s fifty day moving average is $200.38 and its 200 day moving average is $207.99. Nexstar Media Group, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $254.30. The firm has a market capitalization of $5.74 billion, a PE ratio of 40.35, a PEG ratio of 0.48 and a beta of 0.97. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, May 15th. Nexstar Media Group’s dividend payout ratio is presently 159.66%.
About Nexstar Media Group
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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