Venturi Wealth Management LLC Grows Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Venturi Wealth Management LLC lifted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 31.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 883 shares of the company’s stock after acquiring an additional 209 shares during the quarter. Venturi Wealth Management LLC’s holdings in Nexstar Media Group were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Nexstar Media Group by 67.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock valued at $4,339,000 after acquiring an additional 10,603 shares during the period. SGL Investment Advisors Inc. purchased a new position in Nexstar Media Group during the 3rd quarter valued at about $3,758,000. Charles Schwab Investment Management Inc. boosted its holdings in Nexstar Media Group by 0.7% during 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 acquiring an additional 7,117 shares during the period. Quest Partners LLC boosted its holdings in Nexstar Media Group by 661.4% during the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after acquiring an additional 7,533 shares during the period. Finally, Holocene Advisors LP boosted its holdings in Nexstar Media Group by 680.9% during the 3rd 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. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $190.00 in a report on Friday, November 8th. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $204.29.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, insider Brett Jenkins sold 4,331 shares of Nexstar Media Group stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $170.64, for a total transaction of $739,041.84. Following the transaction, the insider now owns 25,540 shares of the company’s stock, valued at $4,358,145.60. The trade was a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lee Ann Gliha sold 330 shares of Nexstar Media Group stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total value of $52,215.90. Following the transaction, the chief financial officer now directly owns 8,610 shares in the company, valued at approximately $1,362,360.30. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,824 shares of company stock valued at $21,093,408. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $149.56 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a fifty-two week low of $147.25 and a fifty-two week high of $191.86. The firm has a market capitalization of $4.64 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The stock’s 50-day simple moving average is $155.72 and its 200-day simple moving average is $163.63.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio (DPR) is 43.03%.

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.