Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Purchased by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. grew its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,605 shares of the company’s stock after purchasing an additional 611 shares during the period. Mesirow Institutional Investment Management Inc. owned approximately 0.24% of Nexstar Media Group worth $12,883,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in Nexstar Media Group during the second quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in Nexstar Media Group by 632.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after buying an additional 177 shares during the period. First United Bank & Trust acquired a new stake in Nexstar Media Group during the 4th quarter worth approximately $33,000. Allspring Global Investments Holdings LLC boosted its position in Nexstar Media Group by 3,700.0% in the 2nd 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 during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Nexstar Media Group by 41.1% in the fourth quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock worth $46,000 after acquiring an additional 86 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on NXST shares. Deutsche Bank Aktiengesellschaft reduced their price objective on 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. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $225.00 target price on shares of Nexstar Media Group in a research note on Friday, August 9th. Loop Capital raised shares of Nexstar Media Group to a “strong-buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company lowered their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Two 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 stock. According to data from MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, insider Gary Weitman sold 522 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $149.08, for a total transaction of $77,819.76. Following the transaction, the insider now directly owns 12,477 shares of the company’s stock, valued at approximately $1,860,071.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sean Compton sold 3,930 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $160.61, for a total value of $631,197.30. Following the transaction, the insider now owns 10,684 shares of the company’s stock, valued at $1,715,957.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary Weitman sold 522 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $149.08, for a total value of $77,819.76. Following the sale, the insider now directly owns 12,477 shares of the company’s stock, valued at $1,860,071.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,911 shares of company stock worth $2,939,762. 5.90% of the stock is owned by insiders.

Nexstar Media Group Trading Down 2.6 %

Shares of Nexstar Media Group stock opened at $166.49 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92. The company has a fifty day simple moving average of $170.27 and a 200-day simple moving average of $165.86. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.19 and a beta of 1.50. Nexstar Media Group, Inc. has a 12-month low of $132.30 and a 12-month high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $2.64 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 4.06%. The ex-dividend date was Friday, August 9th. Nexstar Media Group’s dividend payout ratio (DPR) is 57.19%.

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.