Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,693 shares of the company's stock after selling 5,002 shares during the quarter. Amalgamated Bank's holdings in Nexstar Media Group were worth $2,429,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors bought a new position in Nexstar Media Group in the 1st quarter worth $92,323,000. Vanguard Group Inc. raised its position in shares of Nexstar Media Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company's stock valued at $580,689,000 after buying an additional 127,783 shares in the last quarter. Payden & Rygel Investment Group purchased a new stake in Nexstar Media Group in the 1st quarter worth about $15,144,000. Copeland Capital Management LLC raised its position in Nexstar Media Group by 18.1% in the 3rd quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock worth $90,567,000 after purchasing an additional 83,829 shares during the period. Finally, AQR Capital Management LLC raised its position in Nexstar Media Group by 72.0% in the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company's stock worth $32,769,000 after purchasing an additional 83,637 shares during the period. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded down $2.85 during trading on Tuesday, hitting $168.16. 84,733 shares of the stock were exchanged, compared to its average volume of 328,278. The company has a fifty day moving average price of $168.54 and a two-hundred day moving average price of $167.06. The company has a market cap of $5.42 billion, a PE ratio of 9.89, a P/E/G ratio of 0.19 and a beta of 1.48. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92. Nexstar Media Group, Inc. has a 12-month low of $140.92 and a 12-month high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.51 by ($0.24). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 25.72%. Nexstar Media Group's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. On average, analysts forecast that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.02%. Nexstar Media Group's dividend payout ratio (DPR) is presently 39.10%.

Insider Buying and Selling at Nexstar Media Group

In other news, CFO Lee Ann Gliha sold 984 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total transaction of $155,107.92. Following the completion of the sale, the chief financial officer now directly owns 8,107 shares in the company, valued at $1,277,906.41. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Nexstar Media Group news, COO Michael Biard sold 2,458 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $169.28, for a total value of $416,090.24. Following the completion of the transaction, the chief operating officer now directly owns 3,792 shares of the company's stock, valued at $641,909.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Lee Ann Gliha sold 984 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total transaction of $155,107.92. Following the transaction, the chief financial officer now directly owns 8,107 shares in the company, valued at $1,277,906.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,112 shares of company stock worth $6,887,029. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NXST shares. Barrington Research reissued an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, November 7th. Benchmark reiterated a "buy" rating and set a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased 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 research report on Friday, August 9th. StockNews.com upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.