Bailard Inc. Takes Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bailard Inc. bought a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) during the second quarter, HoldingsChannel.com reports. The fund bought 1,300 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Nexstar Media Group by 632.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 177 shares during the period. First United Bank & Trust acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at approximately $33,000. SRS Capital Advisors Inc. lifted its position in shares of Nexstar Media Group by 350.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock valued at $37,000 after buying an additional 186 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Nexstar Media Group by 41.1% during the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock worth $46,000 after acquiring an additional 86 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Nexstar Media Group by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock worth $49,000 after acquiring an additional 156 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on NXST. Deutsche Bank Aktiengesellschaft cut their price target on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. Wells Fargo & Company decreased their price objective on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a report on Friday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, August 8th. Finally, Loop Capital upgraded shares of Nexstar Media Group to a “strong-buy” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average target price of $201.67.

Nexstar Media Group Trading Down 0.8 %

Shares of Nexstar Media Group stock opened at $169.21 on Wednesday. The firm has a 50-day moving average of $168.93 and a 200-day moving average of $165.89. The stock has a market cap of $5.57 billion, a PE ratio of 14.32, a PEG ratio of 0.65 and a beta of 1.50. Nexstar Media Group, Inc. has a 52-week low of $132.30 and a 52-week high of $187.27. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.80 and a current ratio of 1.80.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $3.54 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a return on equity of 17.18% and a net margin of 8.29%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company earned $2.64 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Nexstar Media Group, Inc. will post 27.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.76 annualized dividend and a yield of 4.00%. Nexstar Media Group’s dividend payout ratio is 57.19%.

Insider Buying and Selling

In related news, insider Sean Compton sold 3,930 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the sale, the insider now owns 10,684 shares of the company’s stock, valued at $1,715,957.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Lee Ann Gliha sold 326 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $160.00, for a total value of $52,160.00. Following the completion of the transaction, the chief financial officer now owns 5,462 shares of the company’s stock, valued at $873,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sean Compton sold 3,930 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the transaction, the insider now directly owns 10,684 shares of the company’s stock, valued at approximately $1,715,957.24. The disclosure for this sale can be found here. Insiders sold 12,934 shares of company stock valued at $2,073,427 over the last quarter. 5.90% of the stock is owned by company insiders.

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.