Norges Bank Invests $41.47 Million in Nexstar Media Group, Inc. $NXST

Posted by Brian Himes on Jun 9th, 2026

Norges Bank purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 204,256 shares of the company’s stock, valued at approximately $41,474,000.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Nexstar Media Group during the 1st quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after buying an additional 5,251 shares during the period. Millennium Management LLC raised its position in shares of Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock valued at $13,020,000 after buying an additional 61,830 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock valued at $23,802,000 after buying an additional 16,637 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Nexstar Media Group during the 1st quarter valued at approximately $654,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Stock Down 2.5%

Shares of NASDAQ:NXST opened at $177.54 on Tuesday. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $5.42 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The firm’s 50-day moving average is $192.27 and its two-hundred day moving average is $207.60. Nexstar Media Group, Inc. has a 1 year low of $164.00 and a 1 year high of $254.30.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $1.86 per share. The ex-dividend date was Friday, May 15th. This represents a $7.44 dividend on an annualized basis and a yield of 4.2%. Nexstar Media Group’s dividend payout ratio is 159.66%.

Insider Activity at Nexstar Media Group

In other news, insider Brett Jenkins sold 397 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $182.42, for a total transaction of $72,420.74. Following the sale, the insider owned 27,977 shares of the company’s stock, valued at approximately $5,103,564.34. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Blake Russell sold 319 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $182.42, for a total value of $58,191.98. Following the sale, the executive vice president directly owned 27,390 shares in the company, valued at $4,996,483.80. This represents a 1.15% 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. Over the last three months, insiders sold 12,798 shares of company stock valued at $2,428,489. 6.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Benchmark reduced their price objective on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $259.67.

Read Our Latest Report on Nexstar Media Group

Nexstar Media Group Company 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.