Loomis Sayles & Co. L P Boosts Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Loomis Sayles & Co. L P raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 74,622 shares of the company’s stock after acquiring an additional 897 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Nexstar Media Group were worth $12,339,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Nexstar Media Group by 8.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,378 shares of the company’s stock worth $410,000 after acquiring an additional 188 shares during the period. EMC Capital Management boosted its holdings in Nexstar Media Group by 35.8% in the 1st quarter. EMC Capital Management now owns 3,116 shares of the company’s stock valued at $537,000 after purchasing an additional 821 shares in the last quarter. Granite Group Advisors LLC boosted its holdings in Nexstar Media Group by 5.1% in the 1st quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock valued at $257,000 after purchasing an additional 72 shares in the last quarter. GAMMA Investing LLC increased its position in 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 purchasing an additional 156 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Nexstar Media Group by 299.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,851 shares of the company’s stock worth $639,000 after buying an additional 2,886 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Stock Down 0.2 %

NXST stock opened at $170.29 on Wednesday. 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 company’s 50 day simple moving average is $169.07 and its 200-day simple moving average is $167.11. Nexstar Media Group, Inc. has a 12 month low of $141.38 and a 12 month high of $191.86. The firm has a market capitalization of $5.28 billion, a PE ratio of 9.85, a P/E/G ratio of 0.20 and a beta of 1.48.

Nexstar Media Group (NASDAQ:NXST) last announced 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Nexstar Media Group’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. Equities analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Friday, November 15th. 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 on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the sale, the director now directly owns 7,975 shares of the company’s stock, valued at approximately $1,276,000. This represents a 11.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,423 shares of company stock valued at $7,916,739. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company dropped their price objective on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, November 7th. Guggenheim decreased their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.