California Public Employees Retirement System Has $12.61 Million Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

California Public Employees Retirement System decreased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,720 shares of the company’s stock after selling 5,966 shares during the quarter. California Public Employees Retirement System owned 0.21% of Nexstar Media Group worth $12,611,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Nexstar Media Group in the 2nd quarter valued at $414,000. Sequoia Financial Advisors LLC bought a new stake in shares of Nexstar Media Group in the 2nd quarter worth about $224,000. Commerce Bank grew its holdings in shares of Nexstar Media Group by 0.6% in the 2nd quarter. Commerce Bank now owns 103,436 shares of the company’s stock worth $17,227,000 after purchasing an additional 637 shares during the last quarter. Bruni J V & Co. Co. grew its holdings in shares of Nexstar Media Group by 26.0% in the 2nd quarter. Bruni J V & Co. Co. now owns 193,393 shares of the company’s stock worth $32,210,000 after purchasing an additional 39,847 shares during the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Nexstar Media Group by 4.7% in the 2nd quarter. Prospera Financial Services Inc now owns 3,688 shares of the company’s stock worth $616,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

Nexstar Media Group stock opened at $151.17 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.87. Nexstar Media Group, Inc. has a 1 year low of $132.30 and a 1 year high of $217.76. The company has a market cap of $5.13 billion, a PE ratio of 13.02, a PEG ratio of 1.42 and a beta of 1.53. The company’s 50-day moving average is $143.70 and its two-hundred day moving average is $157.10.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.83). Nexstar Media Group had a return on equity of 20.92% and a net margin of 8.51%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $7.30 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year. Equities analysts anticipate that Nexstar Media Group, Inc. will post 11.25 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 10th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, November 9th. Nexstar Media Group’s payout ratio is 46.51%.

Insider Buying and Selling

In other Nexstar Media Group news, insider Thomas Carter sold 6,000 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $149.36, for a total value of $896,160.00. Following the transaction, the insider now owns 92,082 shares of the company’s stock, valued at $13,753,367.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.90% of the stock is owned by insiders.

Analyst Ratings Changes

NXST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nexstar Media Group from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. Rosenblatt Securities reissued a “buy” rating and set a $230.00 price objective on shares of Nexstar Media Group in a report on Friday, September 15th. Wells Fargo & Company decreased their price objective on shares of Nexstar Media Group from $175.00 to $167.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. StockNews.com started coverage on shares of Nexstar Media Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $235.00 price objective on shares of Nexstar Media Group in a report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $214.50.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.