Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Hound Partners LLC

Hound Partners LLC lessened its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 87.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 40,072 shares of the company’s stock after selling 275,608 shares during the period. Nexstar Media Group comprises about 0.3% of Hound Partners LLC’s holdings, making the stock its 28th biggest position. Hound Partners LLC’s holdings in Nexstar Media Group were worth $5,627,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Nexstar Media Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,721,590 shares of the company’s stock valued at $187,980,000 after buying an additional 23,862 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Nexstar Media Group by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,472,656 shares of the company’s stock valued at $160,798,000 after buying an additional 11,669 shares during the last quarter. Cardinal Capital Management LLC CT increased its position in Nexstar Media Group by 16.0% during the fourth quarter. Cardinal Capital Management LLC CT now owns 1,144,720 shares of the company’s stock worth $124,992,000 after purchasing an additional 158,263 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Nexstar Media Group by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,128,109 shares of the company’s stock worth $158,420,000 after purchasing an additional 322,469 shares during the last quarter. Finally, LSV Asset Management increased its position in Nexstar Media Group by 69.6% during the first quarter. LSV Asset Management now owns 826,398 shares of the company’s stock worth $116,051,000 after purchasing an additional 339,198 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nexstar Media Group from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, July 2nd. Finally, Barrington Research upped their price target on shares of Nexstar Media Group from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Nexstar Media Group presently has a consensus rating of “Buy” and an average target price of $153.71.

Shares of Nexstar Media Group stock traded down $2.71 during trading hours on Thursday, hitting $141.79. The company’s stock had a trading volume of 2,012 shares, compared to its average volume of 327,905. Nexstar Media Group, Inc. has a 1-year low of $80.42 and a 1-year high of $163.62. The firm has a fifty day moving average price of $147.48. The firm has a market cap of $6.06 billion, a P/E ratio of 7.60, a PEG ratio of 0.84 and a beta of 1.88. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.92.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Tuesday, May 4th. The company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $1.31. Nexstar Media Group had a net margin of 18.91% and a return on equity of 35.70%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that Nexstar Media Group, Inc. will post 16.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 14th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 13th. Nexstar Media Group’s payout ratio is currently 16.12%.

In other news, insider Dana Zimmer sold 1,616 shares of the company’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $152.54, for a total value of $246,504.64. Following the completion of the transaction, the insider now directly owns 1,792 shares in the company, valued at $273,351.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisbeth Mcnabb sold 856 shares of the company’s stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $150.00, for a total transaction of $128,400.00. Following the completion of the transaction, the director now owns 3,106 shares of the company’s stock, valued at $465,900. The disclosure for this sale can be found here. Insiders sold 4,716 shares of company stock valued at $718,237 over the last 90 days. Insiders own 6.90% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

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

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