2 weeks Ago By ABMN Staff
Founders Financial Alliance LLC lifted its stake in shares of Nexstar Media Group, Inc. ( NASDAQ:NXST – Free Report ) by 21.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 2,950 shares of the company’s stock after purchasing an additional 522 shares during the period. Founders Financial Alliance LLC’s holdings in Nexstar Media Group were worth $490,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also modified their holdings of the stock.
Truist Financial Corp increased its stake in shares of Nexstar Media Group by 5.2% during the second quarter. Truist Financial Corp now owns 9,733 shares of the company’s stock worth $1,616,000 after purchasing an additional 482 shares in the last quarter.
Quarry LP grew its stake in Nexstar Media Group by 77.8% during the 2nd quarter. Quarry LP now owns 297 shares of the company’s stock valued at $49,000 after acquiring an additional 130 shares in the last quarter.
Sunbelt Securities Inc. grew its stake in Nexstar Media Group by 38.7% during the 2nd quarter.
Sunbelt Securities Inc. now owns 785 shares of the company’s stock valued at $130,000 after acquiring an additional 219 shares in the last quarter. Northwestern Mutual Wealth Management Co.
grew its stake in Nexstar Media Group by 9.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co.
now owns 3,188 shares of the company’s stock valued at $529,000 after acquiring an additional 264 shares in the last quarter. Finally, Creative Planning grew its stake in Nexstar Media Group by 25.6% during the 2nd quarter.
Creative Planning now owns 4,817 shares of the company’s stock valued at $800,000 after acquiring an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.
Insider Buying and Selling In related news, insider Andrew Alford sold 3,175 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total transaction of $532,828.
50. Following the completion of the sale, the insider now owns 9,173 shares in the company, valued at approximately $1,539,412.86.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In other news, insider Sean Compton sold 3,930 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $160.
61, for a total value of $631,197.30. Following the completion of the sale, the insider now owns 10,684 shares in the company, valued at approximately $1,715,957.
24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Andrew Alford sold 3,175 shares of the firm’s stock in a transaction on Tuesday, September 24th.
The stock was sold at an average price of $167.82, for a total transaction of $532,828.50.
Following the completion of the sale, the insider now owns 9,173 shares of the company’s stock, valued at approximately $1,539,412.86. The disclosure for this sale can be found here .
Insiders sold a total of 41,112 shares of company stock worth $6,887,029 in the last 90 days. Company insiders own 5.90% of the company’s stock.
Wall Street Analyst Weigh In View Our Latest Analysis on NXST Nexstar Media Group Trading Down 0.6 % Shares of NASDAQ:NXST opened at $165.35 on Tuesday.
Nexstar Media Group, Inc. has a 52 week low of $132.30 and a 52 week high of $187.
27. The company’s 50 day moving average is $168.28 and its two-hundred day moving average is $165.
87. The company has a current ratio of 1.78, a quick ratio of 1.
78 and a debt-to-equity ratio of 2.92. The company has a market cap of $5.
45 billion, a PE ratio of 13.99, a P/E/G ratio of 0.19 and a beta of 1.
49. Nexstar Media Group ( NASDAQ:NXST – Get Free Report ) last posted its earnings results on Thursday, August 8th. The company reported $3.
54 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.94).
The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion.
Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%.
The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.
64 earnings per share. Equities analysts predict that Nexstar Media Group, Inc. will post 25.
72 earnings per share for the current fiscal year. Nexstar Media Group Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $1.
69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.
09%. The ex-dividend date was Friday, August 9th. Nexstar Media Group’s dividend payout ratio is currently 57.
19%. Nexstar Media Group Company Profile ( 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.
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