Clark Estates Inc. NY Has $3.19 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Clark Estates Inc. NY reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,300 shares of the company’s stock after selling 1,600 shares during the quarter. Clark Estates Inc. NY owned about 0.06% of Nexstar Media Group worth $3,191,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NXST. Brooklyn Investment Group bought a new position in Nexstar Media Group during the third quarter worth about $25,000. Whittier Trust Co. bought a new position in shares of Nexstar Media Group during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC raised its position in shares of Nexstar Media Group by 3,700.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after buying an additional 259 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Nexstar Media Group in the third quarter valued at approximately $44,000. Finally, GAMMA Investing LLC grew its position in Nexstar Media Group by 112.2% during the second quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock worth $49,000 after buying an additional 156 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NXST. Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Guggenheim dropped their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, Wells Fargo & Company reduced their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group Price Performance

NXST stock opened at $170.29 on Wednesday. Nexstar Media Group, Inc. has a 1 year low of $141.38 and a 1 year high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.20 and a beta of 1.48. The company has a 50 day simple moving average of $169.07 and a 200 day simple moving average of $167.11.

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

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Friday, November 15th. Nexstar Media Group’s payout ratio is 39.10%.

Insider Transactions at Nexstar Media Group

In other news, CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Thomas Mcmillen sold 250 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $164.44, for a total value of $41,110.00. Following the sale, the director now owns 7,725 shares in the company, valued at approximately $1,270,299. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,423 shares of company stock worth $7,916,739. Insiders own 6.30% of the company’s stock.

Nexstar Media Group Company Profile

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.