2 weeks Ago By ABMN Staff
Commonwealth Equity Services LLC trimmed its position in shares of Nexstar Media Group, Inc. ( NASDAQ:NXST – Free Report ) by 48.0% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 5,744 shares of the company’s stock after selling 5,302 shares during the period. Commonwealth Equity Services LLC’s holdings in Nexstar Media Group were worth $954,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Granite Group Advisors LLC grew its holdings in shares of Nexstar Media Group by 5.1% during the 1st quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock valued at $257,000 after acquiring an additional 72 shares in the last quarter.
Quadrant Capital Group LLC lifted its holdings in shares of Nexstar Media Group by 41.1% during the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after buying an additional 86 shares during the last quarter.
Klein Pavlis & Peasley Financial Inc. increased its holdings in Nexstar Media Group by 0.6% in the second quarter.
Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after buying an additional 87 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Nexstar Media Group by 2.
3% during the second quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in Nexstar Media Group by 0.
3% in the first quarter. Retirement Systems of Alabama now owns 40,479 shares of the company’s stock worth $6,974,000 after acquiring an additional 107 shares in the last quarter. 95.
30% of the stock is currently owned by hedge funds and other institutional investors. Nexstar Media Group Trading Up 1.5 % Shares of NXST stock opened at $169.
02 on Wednesday. The firm has a fifty day moving average of $170.04 and a 200-day moving average of $165.
64. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 14.
30, a P/E/G ratio of 0.18 and a beta of 1.50.
Nexstar Media Group, Inc. has a 52-week low of $132.30 and a 52-week high of $187.
27. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.
78 and a current ratio of 1.78. Nexstar Media Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd.
Shareholders of record on Friday, August 9th were issued a dividend of $1.69 per share. The ex-dividend date was Friday, August 9th.
This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.00%.
Nexstar Media Group’s payout ratio is presently 57.19%. Analysts Set New Price Targets NXST has been the topic of several recent research reports.
Wells Fargo & Company cut their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, August 9th.
Deutsche Bank Aktiengesellschaft dropped their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.
StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Benchmark restated a “buy” rating and set a $225.
00 price target on shares of Nexstar Media Group in a report on Friday, August 9th. Finally, Barrington Research reissued an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, August 8th.
Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.67.
Check Out Our Latest Stock Analysis on NXST Insider Activity In other news, CFO Lee Ann Gliha sold 984 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total transaction of $155,107.
92. Following the completion of the sale, the chief financial officer now owns 8,107 shares of the company’s stock, valued at $1,277,906.41.
The transaction was disclosed in a document filed with the SEC, which is accessible through this link . In other Nexstar Media Group news, CFO Lee Ann Gliha sold 984 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $157.
63, for a total value of $155,107.92. Following the completion of the transaction, the chief financial officer now directly owns 8,107 shares of the company’s stock, valued at $1,277,906.
41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction that occurred on Friday, August 16th.
The stock was sold at an average price of $160.61, for a total transaction of $631,197.30.
Following the completion of the transaction, the insider now owns 10,684 shares of the company’s stock, valued at approximately $1,715,957.24. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 17,644 shares of company stock worth $2,936,760. Corporate insiders own 5.90% of the company’s stock.
About Nexstar Media Group ( Free Report ) Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. Recommended Stories Want to see what other hedge funds are holding NXST? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Nexstar Media Group, Inc. ( NASDAQ:NXST – Free Report ). Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.
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