Bruni J V & Co. Co. Buys 1,568 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Bruni J V & Co. Co. increased its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,568 shares of the company’s stock after buying an additional 1,568 shares during the quarter. Nexstar Media Group comprises approximately 3.5% of Bruni J V & Co. Co.’s holdings, making the stock its 12th largest holding. Bruni J V & Co. Co.’s holdings in Nexstar Media Group were worth $30,736,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in Nexstar Media Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after buying an additional 68 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Nexstar Media Group by 1.2% during the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock worth $1,684,000 after purchasing an additional 117 shares during the last quarter. Davis Capital Management lifted its position in shares of Nexstar Media Group by 2.0% during the fourth quarter. Davis Capital Management now owns 6,270 shares of the company’s stock worth $990,000 after purchasing an additional 122 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nexstar Media Group by 5.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,518 shares of the company’s stock worth $398,000 after purchasing an additional 137 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Nexstar Media Group by 1.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,127 shares of the company’s stock worth $1,600,000 after purchasing an additional 140 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total value of $82,225.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisbeth Mcnabb sold 875 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $172.00, for a total value of $150,500.00. Following the sale, the director now owns 5,752 shares in the company, valued at $989,344. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,493 shares of company stock worth $20,354,366 over the last quarter. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $190.00 to $200.00 in a research report on Friday. Barrington Research reiterated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Guggenheim lifted their target price on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Benchmark lifted their target price on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Buy” and an average target price of $210.29.

Nexstar Media Group Stock Performance

NXST stock opened at $169.15 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50-day moving average price of $155.08 and a 200 day moving average price of $163.29. The company has a market capitalization of $5.25 billion, a P/E ratio of 9.78, a PEG ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a 1-year low of $146.04 and a 1-year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. As a group, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s payout ratio is 43.03%.

Nexstar Media Group Company 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.