Pictet Asset Management Holding SA Grows Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Pictet Asset Management Holding SA lifted its position in Nexstar Media Group, Inc. ( NASDAQ:NXST – Free Report ) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

The fund owned 5,142 shares of the company’s stock after buying an additional 389 shares during the period. Pictet Asset Management Holding SA’s holdings in Nexstar Media Group were worth $812,000 as of its most recent SEC filing. Other large investors have also recently modified their holdings of the company.



Pacer Advisors Inc. grew its holdings in Nexstar Media Group by 27,180.2% in the fourth quarter.

Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock worth $190,650,000 after purchasing an additional 1,202,453 shares during the last quarter. Charles Schwab Investment Management Inc.

boosted its position in shares of Nexstar Media Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc.

now owns 1,102,126 shares of the company’s stock worth $174,103,000 after purchasing an additional 18,675 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Nexstar Media Group by 5.0% during the 4th quarter.

Bank of New York Mellon Corp now owns 403,728 shares of the company’s stock worth $63,777,000 after buying an additional 19,116 shares during the last quarter. Norges Bank acquired a new position in Nexstar Media Group during the 4th quarter valued at about $44,460,000. Finally, Boston Partners raised its stake in Nexstar Media Group by 1.

6% in the fourth quarter. Boston Partners now owns 277,297 shares of the company’s stock valued at $43,656,000 after buying an additional 4,457 shares during the last quarter. Institutional investors own 95.

30% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have recently issued reports on NXST shares. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $190.

00 to $200.00 in a report on Friday, February 28th. Guggenheim upped their price target on shares of Nexstar Media Group from $210.

00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $200.

00 price objective on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Monday, March 10th.

Finally, Benchmark raised their target price on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 28th.

One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average target price of $208.

43. Insider Activity at Nexstar Media Group In other news, Director Charles Thomas Mcmillen sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.

51, for a total transaction of $339,020.00. Following the sale, the director now directly owns 4,975 shares in the company, valued at $843,312.

25. This trade represents a 28.67 % decrease in their position.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Andrew Alford sold 3,768 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.

98, for a total value of $685,700.64. Following the completion of the transaction, the insider now directly owns 5,405 shares of the company’s stock, valued at $983,601.

90. The trade was a 41.08 % decrease in their position.

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 three months. Company insiders own 6.

30% of the company’s stock. Nexstar Media Group Price Performance Shares of NXST opened at $150.67 on Tuesday.

The business’s 50-day moving average is $163.93 and its two-hundred day moving average is $164.72.

The company has a market capitalization of $4.60 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.

45 and a beta of 1.09. Nexstar Media Group, Inc.

has a fifty-two week low of $146.04 and a fifty-two week high of $191.86.

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.

68. Nexstar Media Group ( NASDAQ:NXST – Get Free Report ) last issued its earnings results on Thursday, February 27th. The company reported $7.

56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66).

The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion.

Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%.

Research analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.86 per share.

This represents a $7.44 annualized dividend and a dividend yield of 4.94%.

This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th.

Nexstar Media Group’s payout ratio is 34.56%. 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. Featured 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.

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