Bruni J V & Co. Co. Grows Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bruni J V & Co. Co. increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,568 shares of the company's stock after purchasing an additional 1,568 shares during the quarter. Nexstar Media Group makes up approximately 3.5% of Bruni J V & Co. Co.'s investment portfolio, making the stock its 12th largest position. Bruni J V & Co. Co. owned about 0.63% of Nexstar Media Group worth $30,736,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 10,603 shares during the last quarter. SGL Investment Advisors Inc. acquired a new position in Nexstar Media Group during the third quarter worth $3,758,000. Charles Schwab Investment Management Inc. grew its holdings in Nexstar Media Group by 0.7% in 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 buying an additional 7,117 shares in the last quarter. Quest Partners LLC increased its stake in shares of Nexstar Media Group by 661.4% in the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company's stock worth $1,434,000 after acquiring an additional 7,533 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Nexstar Media Group by 680.9% during the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company's stock worth $2,847,000 after acquiring an additional 15,014 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

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Nexstar Media Group Stock Down 0.6 %

Shares of NASDAQ:NXST traded down $1.12 during trading hours on Tuesday, reaching $171.84. The stock had a trading volume of 377,455 shares, compared to its average volume of 351,288. Nexstar Media Group, Inc. has a 1 year low of $146.04 and a 1 year high of $191.86. The firm's 50 day moving average is $155.59 and its 200-day moving average is $163.55. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.45 and a beta of 1.45. 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 (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.48 billion. Research analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.33%. Nexstar Media Group's dividend payout ratio (DPR) is 34.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NXST shares. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday. StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, February 27th. Benchmark upped their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday. Finally, Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $190.00 to $200.00 in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group currently has an average rating of "Moderate Buy" and a consensus price target of $210.29.

Insider Activity at Nexstar Media Group

In related news, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the sale, the director now owns 2,000 shares of the company's stock, valued at $328,900. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisbeth Mcnabb sold 875 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $172.00, for a total value of $150,500.00. Following the completion of the transaction, the director now owns 5,752 shares of the company's stock, valued at $989,344. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,493 shares of company stock worth $20,354,366 in the last quarter. Company insiders own 6.30% of the company's stock.

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.