Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Burney Co.

Burney Co. lowered its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,509 shares of the company’s stock after selling 513 shares during the quarter. Burney Co.’s holdings in Nexstar Media Group were worth $1,186,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Nexstar Media Group during the third quarter worth about $25,000. True Wealth Design LLC acquired a new stake in Nexstar Media Group during the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Nexstar Media Group in the 3rd quarter valued at $33,000. Capital Performance Advisors LLP purchased a new stake in shares of Nexstar Media Group in the 3rd quarter valued at $44,000. Finally, Quarry LP increased its stake in shares of Nexstar Media Group by 77.8% in the second quarter. Quarry LP now owns 297 shares of the company’s stock worth $49,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $151.68 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a fifty day moving average of $163.22 and a 200 day moving average of $167.47. The firm has a market cap of $4.71 billion, a PE ratio of 8.77, a PEG ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a one year low of $147.25 and a one year high of $191.86.

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

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Analyst Ratings Changes

NXST has been the topic of several recent research reports. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $200.00 to $190.00 in a report on Friday, November 8th. Guggenheim dropped their target price on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, November 7th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

Insider Buying and Selling

In related news, Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,448 shares of company stock worth $23,828,076. 6.30% of the stock is owned by corporate insiders.

About Nexstar Media Group

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.