Foster & Motley Inc. boosted its position in Nexstar Media Group Inc (NASDAQ:NXST) by 13.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,298 shares of the company’s stock after acquiring an additional 3,189 shares during the period. Foster & Motley Inc. owned about 0.06% of Nexstar Media Group worth $2,691,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NXST. Vanguard Group Inc. grew its stake in shares of Nexstar Media Group by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,127,355 shares of the company’s stock valued at $416,862,000 after buying an additional 166,961 shares during the period. Windacre Partnership LLC lifted its holdings in shares of Nexstar Media Group by 5.0% in the 2nd quarter. Windacre Partnership LLC now owns 1,806,000 shares of the company’s stock worth $182,406,000 after purchasing an additional 85,500 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Nexstar Media Group by 42.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,795,619 shares of the company’s stock worth $179,848,000 after purchasing an additional 531,841 shares in the last quarter. P2 Capital Partners LLC lifted its holdings in shares of Nexstar Media Group by 3.7% in the 2nd quarter. P2 Capital Partners LLC now owns 1,540,000 shares of the company’s stock worth $155,540,000 after purchasing an additional 55,504 shares in the last quarter. Finally, Baupost Group LLC MA lifted its holdings in shares of Nexstar Media Group by 39.8% in the 2nd quarter. Baupost Group LLC MA now owns 1,397,755 shares of the company’s stock worth $141,173,000 after purchasing an additional 397,755 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.
NXST stock opened at $97.29 on Friday. Nexstar Media Group Inc has a twelve month low of $70.51 and a twelve month high of $119.93. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $4.75 billion, a PE ratio of 11.39, a PEG ratio of 1.67 and a beta of 1.48. The stock has a 50-day simple moving average of $100.60 and a two-hundred day simple moving average of $102.99.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. Nexstar Media Group had a return on equity of 21.05% and a net margin of 13.61%. The company had revenue of $649.01 million during the quarter, compared to analyst estimates of $653.00 million. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Nexstar Media Group’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Nexstar Media Group Inc will post 6.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.85%. Nexstar Media Group’s payout ratio is 21.08%.
In related news, Director Charles Thomas Mcmillen sold 625 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $106.55, for a total value of $66,593.75. Following the completion of the sale, the director now owns 3,750 shares in the company, valued at approximately $399,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.40% of the company’s stock.
A number of equities analysts recently issued reports on NXST shares. Zacks Investment Research cut Nexstar Media Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th. BidaskClub cut Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Friday. Benchmark raised their price objective on Nexstar Media Group from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. ValuEngine cut Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Stephens set a $150.00 target price on Nexstar Media Group and gave the stock a “buy” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $129.63.
About Nexstar Media Group
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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