EMC Capital Management Purchases 285 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

EMC Capital Management lifted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 10.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,116 shares of the company’s stock after purchasing an additional 285 shares during the period. EMC Capital Management’s holdings in Nexstar Media Group were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in shares of Nexstar Media Group during the 2nd quarter valued at $249,000. Millennium Management LLC increased its position in Nexstar Media Group by 1,857.8% in the second quarter. Millennium Management LLC now owns 23,827 shares of the company’s stock worth $3,956,000 after buying an additional 22,610 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Nexstar Media Group in the second quarter worth about $598,000. Algert Global LLC purchased a new position in shares of Nexstar Media Group during the 2nd quarter valued at about $559,000. Finally, Creative Planning grew its stake in shares of Nexstar Media Group by 25.6% during the 2nd quarter. Creative Planning now owns 4,817 shares of the company’s stock valued at $800,000 after acquiring an additional 982 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.29.

Insider Buying and Selling at Nexstar Media Group

In related news, CEO Perry A. Sook sold 12,239 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 674,694 shares of the company’s stock, valued at $128,380,774.32. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lee Ann Gliha sold 330 shares of Nexstar Media Group stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $158.23, for a total value of $52,215.90. Following the transaction, the chief financial officer now owns 8,610 shares of the company’s stock, valued at $1,362,360.30. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,448 shares of company stock worth $23,828,076. 6.30% of the stock is currently owned by insiders.

Nexstar Media Group Trading Up 0.3 %

NASDAQ NXST opened at $157.70 on Thursday. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86. The company has a 50 day moving average price of $161.37 and a 200 day moving average price of $166.63. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market cap of $4.89 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.86 dividend. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a yield of 4.72%. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

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.