Cutler Group LP Lowers Stock Holdings in Nexstar Media Group Inc (NASDAQ:NXST)

Cutler Group LP reduced its holdings in Nexstar Media Group Inc (NASDAQ:NXST) by 79.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,293 shares of the company’s stock after selling 4,900 shares during the period. Cutler Group LP’s holdings in Nexstar Media Group were worth $151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Windacre Partnership LLC lifted its stake in Nexstar Media Group by 10.3% in the 3rd quarter. Windacre Partnership LLC now owns 1,992,000 shares of the company’s stock valued at $203,802,000 after buying an additional 186,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Nexstar Media Group by 3.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,262,598 shares of the company’s stock valued at $129,177,000 after purchasing an additional 39,345 shares during the last quarter. Boston Partners lifted its holdings in Nexstar Media Group by 228.2% in the 4th quarter. Boston Partners now owns 1,234,520 shares of the company’s stock valued at $144,747,000 after purchasing an additional 858,343 shares in the last quarter. State Street Corp boosted its stake in Nexstar Media Group by 4.3% during the 4th quarter. State Street Corp now owns 638,458 shares of the company’s stock worth $74,859,000 after purchasing an additional 26,519 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Nexstar Media Group by 4.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 188,181 shares of the company’s stock worth $19,253,000 after purchasing an additional 8,819 shares during the last quarter.

NXST has been the subject of a number of recent research reports. Barrington Research reiterated a “buy” rating and issued a $155.00 target price on shares of Nexstar Media Group in a research report on Tuesday, November 12th. Zacks Investment Research downgraded shares of Nexstar Media Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. BidaskClub upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. B. Riley restated a “buy” rating and set a $140.00 target price on shares of Nexstar Media Group in a report on Wednesday, November 20th. Finally, Wells Fargo & Co upgraded Nexstar Media Group from an “equal weight” rating to an “overweight” rating and set a $149.00 price target for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $139.14.

In other Nexstar Media Group news, EVP Elizabeth Ryder sold 9,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $110.03, for a total transaction of $1,045,285.00. Following the completion of the transaction, the executive vice president now owns 4,192 shares of the company’s stock, valued at $461,245.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas Carter sold 2,363 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $105.00, for a total transaction of $248,115.00. Following the transaction, the chief financial officer now directly owns 100,552 shares of the company’s stock, valued at approximately $10,557,960. The disclosure for this sale can be found here. Insiders have sold a total of 44,363 shares of company stock valued at $4,893,075 over the last three months. Corporate insiders own 6.40% of the company’s stock.

Nexstar Media Group stock traded down $0.01 during mid-day trading on Friday, hitting $125.71. The company’s stock had a trading volume of 537 shares, compared to its average volume of 525,377. The stock’s fifty day moving average is $123.12 and its two-hundred day moving average is $107.15. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.30. The firm has a market capitalization of $5.70 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. Nexstar Media Group Inc has a 1 year low of $86.20 and a 1 year high of $133.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is a boost from Nexstar Media Group’s previous quarterly dividend of $0.45. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.78%. Nexstar Media Group’s dividend payout ratio is currently 21.08%.

Nexstar Media Group Company Profile

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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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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