Clark Estates Inc. NY Has $3.19 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Clark Estates Inc. NY trimmed its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 7.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,300 shares of the company’s stock after selling 1,600 shares during the quarter. Clark Estates Inc. NY’s holdings in Nexstar Media Group were worth $3,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $25,000. Whittier Trust Co. bought a new stake in Nexstar Media Group during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its holdings in Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Nexstar Media Group in the third quarter worth approximately $44,000. Finally, UMB Bank n.a. lifted its holdings in shares of Nexstar Media Group by 117.8% in the third quarter. UMB Bank n.a. now owns 294 shares of the company’s stock valued at $49,000 after purchasing an additional 159 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Stock Down 0.2 %

NXST opened at $170.29 on Wednesday. The company’s 50-day moving average price is $169.07 and its two-hundred day moving average price is $167.11. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a twelve month low of $141.38 and a twelve month high of $191.86. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.20 and a beta of 1.48.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company posted $0.70 EPS. Nexstar Media Group’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 3.97%. Nexstar Media Group’s payout ratio is 39.10%.

Insider Buying and Selling

In other Nexstar Media Group 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 value of $2,328,836.92. Following the completion of the transaction, the chief executive officer now owns 674,694 shares in the company, valued at $128,380,774.32. This trade represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Thomas Mcmillen sold 250 shares of Nexstar Media Group stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $164.44, for a total value of $41,110.00. Following the transaction, the director now directly owns 7,725 shares of the company’s stock, valued at $1,270,299. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,423 shares of company stock valued at $7,916,739. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NXST shares. Guggenheim lowered their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Wells Fargo & Company cut their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.50.

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.