3 days Ago By ABMN Staff
California Public Employees Retirement System decreased its holdings in Nexstar Media Group, Inc. ( NASDAQ:NXST – Free Report ) by 5.7% in the 4th quarter, Holdings Channel reports.
The institutional investor owned 58,275 shares of the company’s stock after selling 3,545 shares during the period. California Public Employees Retirement System’s holdings in Nexstar Media Group were worth $9,206,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of the stock.
SGL Investment Advisors Inc. purchased a new stake in Nexstar Media Group in the third quarter valued at approximately $3,758,000. KBC Group NV grew its stake in shares of Nexstar Media Group by 1,801.
8% during the 4th quarter. KBC Group NV now owns 17,230 shares of the company’s stock valued at $2,722,000 after buying an additional 16,324 shares during the period. Entropy Technologies LP purchased a new stake in shares of Nexstar Media Group during the 4th quarter valued at $506,000.
World Investment Advisors LLC acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth $3,747,000. Finally, Stifel Financial Corp raised its position in shares of Nexstar Media Group by 136.8% in the 3rd quarter.
Stifel Financial Corp now owns 30,355 shares of the company’s stock worth $5,019,000 after buying an additional 17,535 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.
Nexstar Media Group Trading Down 8.1 % NXST opened at $153.42 on Monday.
The firm’s 50 day moving average is $164.06 and its 200-day moving average is $164.84.
Nexstar Media Group, Inc. has a 52-week low of $146.04 and a 52-week high of $191.
86. The company has a quick ratio of 1.68, a current ratio of 1.
68 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $4.
68 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.45 and a beta of 1.
09. Nexstar Media Group Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $1.
86 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.
44 dividend on an annualized basis and a yield of 4.85%. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.
69. Nexstar Media Group’s dividend payout ratio is currently 34.56%.
Analysts Set New Price Targets Several equities research analysts have commented on the company. Guggenheim upped their price target on Nexstar Media Group from $210.00 to $220.
00 and gave the stock a “buy” rating in a research note on Friday, February 28th. StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.
Benchmark lifted their price target on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 28th.
Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $190.
00 to $200.00 in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $208.43.
Read Our Latest Stock Analysis on NXST Insider Buying and Selling at Nexstar Media Group In other news, insider Gary Weitman sold 1,241 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $177.21, for a total transaction of $219,917.
61. Following the completion of the sale, the insider now owns 3,975 shares of the company’s stock, valued at approximately $704,409.75.
This trade represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, insider Andrew Alford sold 3,768 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total transaction of $685,700.
64. Following the completion of the sale, the insider now directly owns 5,405 shares in the company, valued at $983,601.90.
This represents a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 39,105 shares of company stock worth $6,722,463 in the last 90 days. 6.30% of the stock is owned by corporate insiders.
Nexstar Media Group 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. Read More 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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