Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 33.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,049 shares of the company’s stock after selling 3,013 shares during the quarter. XTX Topco Ltd’s holdings in Nexstar Media Group were worth $1,000,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of Nexstar Media Group by 67.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after purchasing an additional 10,603 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Nexstar Media Group by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock valued at $179,149,000 after purchasing an additional 7,117 shares during the last quarter. Quest Partners LLC raised its position in Nexstar Media Group by 661.4% in the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after purchasing an additional 7,533 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Nexstar Media Group by 680.9% during the third quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock valued at $2,847,000 after acquiring an additional 15,014 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Nexstar Media Group by 5.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 111,905 shares of the company’s stock valued at $18,504,000 after buying an additional 6,101 shares during the period. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 1.0 %

NASDAQ:NXST opened at $169.15 on Wednesday. The company has a market cap of $5.25 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.20 and a beta of 1.45. The stock’s fifty day moving average price is $170.06 and its two-hundred day moving average price is $167.33. Nexstar Media Group, Inc. has a 1 year low of $142.25 and a 1 year high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68.

Nexstar Media Group (NASDAQ:NXST) last released its 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). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. As a group, analysts expect that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $1.69 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.00%. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Insider Activity at Nexstar Media Group

In other news, CEO Perry A. Sook sold 12,239 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was 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 of the company’s stock, valued at approximately $128,380,774.32. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisbeth Mcnabb sold 875 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $172.00, for a total value of $150,500.00. Following the transaction, the director now directly owns 5,752 shares in the company, valued at $989,344. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,298 shares of company stock valued at $7,907,239 over the last 90 days. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NXST shares. Benchmark restated a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Guggenheim lowered their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Finally, Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $200.00 to $190.00 in a research note on Friday, November 8th. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

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.