Barclays PLC Purchases 6,475 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Barclays PLC lifted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 16.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,051 shares of the company's stock after purchasing an additional 6,475 shares during the period. Barclays PLC owned about 0.15% of Nexstar Media Group worth $7,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised 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 worth $4,339,000 after buying an additional 10,603 shares during the period. SGL Investment Advisors Inc. purchased a new position in shares of Nexstar Media Group in the third quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. increased its position in shares of Nexstar Media Group by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company's stock worth $179,149,000 after acquiring an additional 7,117 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Nexstar Media Group by 661.4% during the third 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 lifted its position in shares of Nexstar Media Group by 680.9% in 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 in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Stock Down 1.2 %

Shares of NXST stock traded down $1.97 on Thursday, hitting $157.01. The company's stock had a trading volume of 416,645 shares, compared to its average volume of 328,821. 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 stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a fifty-two week low of $147.25 and a fifty-two week high of $191.86. The firm's fifty day moving average price is $170.07 and its 200-day moving average price is $167.44.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts' consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm earned $0.70 EPS. Nexstar Media Group's quarterly revenue was up 20.7% on a year-over-year basis. Research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group's dividend payout ratio is 39.10%.

Insider Activity

In other news, CEO Perry A. Sook sold 35,205 shares of Nexstar Media Group stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $162.13, for a total value of $5,707,786.65. Following the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $109,388,138.22. The trade was a 4.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total value of $82,225.00. Following the sale, the director now owns 2,000 shares of the company's stock, valued at approximately $328,900. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,221 shares of company stock valued at $11,184,773 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on NXST shares. StockNews.com raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Benchmark reissued a "buy" rating and set a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. Guggenheim dropped their target price on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Finally, Loop Capital cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.29.

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.