Pacer Advisors Inc. Has $740,000 Position in Nexstar Media Group, Inc. $NXST

Posted by Francis Steltz on Aug 11th, 2026

Pacer Advisors Inc. trimmed its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 97.9% in the first quarter, Holdings Channel.com reports. The firm owned 4,095 shares of the company’s stock after selling 187,452 shares during the quarter. Pacer Advisors Inc.’s holdings in Nexstar Media Group were worth $740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Nexstar Media Group in the 1st quarter valued at $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nexstar Media Group by 49.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after purchasing an additional 5,251 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Nexstar Media Group by 571.4% during the first quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after purchasing an additional 61,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Nexstar Media Group by 14.3% in the first 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 acquired a new position in shares of Nexstar Media Group in the first quarter valued at approximately $654,000. Institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

NXST has been the topic of several recent research reports. Barrington Research reiterated an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.00.

Check Out Our Latest Research Report on Nexstar Media Group

Nexstar Media Group Price Performance

NXST stock opened at $191.73 on Tuesday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 0.52 and a beta of 0.91. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53. Nexstar Media Group, Inc. has a 12-month low of $154.47 and a 12-month high of $254.30. The company’s fifty day simple moving average is $179.45 and its 200 day simple moving average is $200.63.

Nexstar Media Group (NASDAQ:NXST – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 24.26% and a net margin of 3.20%.The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business posted $3.06 earnings per share. The business’s revenue was up 62.2% on a year-over-year basis. On average, analysts expect that Nexstar Media Group, Inc. will post 37.46 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $7.44 annualized dividend and a yield of 3.9%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 142.80%.

Insider Activity at Nexstar Media Group

In other news, insider Brett Jenkins sold 301 shares of Nexstar Media Group stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total value of $51,413.81. Following the completion of the sale, the insider owned 28,798 shares in the company, valued at $4,918,986.38. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 firm’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $162.26 per share, with a total value of $1,985,251.10. Following the completion of the purchase, the chief executive officer owned 899,044 shares of the company’s stock, valued at approximately $145,878,879.44. This represents a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 22,813 shares of company stock worth $4,174,731. Corporate insiders own 7.00% of the company’s stock.

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.