4,308 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Acquired by FORA Capital LLC

FORA Capital LLC bought a new stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,308 shares of the company’s stock, valued at approximately $712,000.

Other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Nexstar Media Group by 8.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,378 shares of the company’s stock worth $410,000 after purchasing an additional 188 shares in the last quarter. GAMMA Investing LLC increased its position in Nexstar Media Group by 112.2% in 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. Harbor Capital Advisors Inc. raised its stake in shares of Nexstar Media Group by 299.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,851 shares of the company’s stock worth $639,000 after buying an additional 2,886 shares during the period. CWM LLC lifted its position in shares of Nexstar Media Group by 60.7% during the 2nd quarter. CWM LLC now owns 1,178 shares of the company’s stock valued at $196,000 after buying an additional 445 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of Nexstar Media Group by 3.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,704 shares of the company’s stock valued at $781,000 after acquiring an additional 138 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Trading Up 0.5 %

Shares of NXST opened at $171.15 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of 9.90, a P/E/G ratio of 0.20 and a beta of 1.48. The company’s fifty day moving average is $169.16 and its 200 day moving average is $167.12. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a fifty-two week low of $141.38 and a fifty-two week high of $191.86.

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). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. Sell-side analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Friday, November 15th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 39.10%.

Insider Activity

In other Nexstar Media Group news, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at $128,380,774.32. This represents a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brett Jenkins sold 4,331 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $170.64, for a total value of $739,041.84. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company’s stock, valued at approximately $4,358,145.60. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,423 shares of company stock valued at $7,916,739. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NXST shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a research note on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating 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 for the company in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group 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.