Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Bought by Boston Partners

Boston Partners boosted its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 277,297 shares of the company's stock after purchasing an additional 4,457 shares during the period. Boston Partners owned about 0.89% of Nexstar Media Group worth $43,656,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NXST. Brooklyn Investment Group purchased a new stake in shares of Nexstar Media Group in the 3rd quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in Nexstar Media Group during the fourth quarter valued at about $25,000. True Wealth Design LLC purchased a new stake in Nexstar Media Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group in the third quarter worth about $33,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after buying an additional 73 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Charles Thomas Mcmillen sold 750 shares of Nexstar Media Group stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the transaction, the director now directly owns 6,975 shares of the company's stock, valued at $1,115,511.75. This trade represents a 9.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Weitman sold 1,241 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $177.21, for a total value of $219,917.61. Following the sale, the insider now owns 3,975 shares of the company's stock, valued at approximately $704,409.75. This represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $12,085,893 in the last three months. Corporate insiders own 6.30% of the company's stock.

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Analyst Upgrades and Downgrades

NXST has been the subject of several analyst reports. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Benchmark increased their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barrington Research reissued an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Wednesday, March 5th. StockNews.com lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Guggenheim upped their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and an average target price of $208.43.

Nexstar Media Group Trading Up 0.2 %

NASDAQ NXST traded up $0.41 during trading on Monday, hitting $177.40. The stock had a trading volume of 635,258 shares, compared to its average volume of 342,213. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day simple moving average of $159.66 and a 200 day simple moving average of $164.02. Nexstar Media Group, Inc. has a one year low of $146.04 and a one year high of $191.86. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. Sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $1.86 per share. This is a positive change from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a yield of 4.19%. Nexstar Media Group's dividend payout ratio (DPR) is presently 34.56%.

About Nexstar Media Group

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.