TD Private Client Wealth LLC Grows Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

TD Private Client Wealth LLC grew its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 22.0% during the third quarter, HoldingsChannel reports. The firm owned 964 shares of the company’s stock after acquiring an additional 174 shares during the period. TD Private Client Wealth LLC’s holdings in Nexstar Media Group were worth $159,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CX Institutional raised its position in shares of Nexstar Media Group by 5.0% during the 3rd quarter. CX Institutional now owns 1,396 shares of the company’s stock valued at $231,000 after buying an additional 67 shares during the period. Blue Trust Inc. raised its position in shares of Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after buying an additional 74 shares during the period. Klein Pavlis & Peasley Financial Inc. raised its position in shares of Nexstar Media Group by 0.6% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock valued at $2,308,000 after buying an additional 87 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Nexstar Media Group by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after buying an additional 96 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Nexstar Media Group by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after buying an additional 117 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group Stock Down 0.2 %

Shares of NASDAQ NXST opened at $164.60 on Monday. The business’s 50 day moving average is $170.11 and its two-hundred day moving average is $167.47. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.20 and a beta of 1.45. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 52-week low of $147.25 and a 52-week high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. Research analysts predict that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.69 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.11%. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Guggenheim cut their target price on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $204.29.

Insiders Place Their Bets

In related news, Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay M. Grossman sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $170.70, for a total transaction of $1,707,000.00. Following the transaction, the director now owns 54,625 shares of the company’s stock, valued at approximately $9,324,487.50. The trade was a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,798 shares of company stock worth $7,656,704 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

About Nexstar Media Group

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.