Clark Estates Inc. NY Decreases Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Clark Estates Inc. NY decreased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,214 shares of the company's stock after selling 2,086 shares during the period. Clark Estates Inc. NY owned approximately 0.06% of Nexstar Media Group worth $2,719,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position 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 period. SGL Investment Advisors Inc. purchased a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 worth $179,149,000 after purchasing an additional 7,117 shares during the period. Quest Partners LLC boosted its position in shares of Nexstar Media Group by 661.4% during the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company's stock worth $1,434,000 after purchasing an additional 7,533 shares during the period. Finally, Holocene Advisors LP boosted its position 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 purchasing an additional 15,014 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

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Insider Buying and Selling

In related news, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at $328,900. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of Nexstar Media Group stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now owns 674,694 shares in the company, valued at $106,203,582.54. This represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,830 shares of company stock worth $26,391,128 in the last ninety days. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Stock Up 3.0 %

Shares of NXST traded up $5.26 during midday trading on Friday, reaching $177.85. The stock had a trading volume of 609,979 shares, compared to its average volume of 371,909. Nexstar Media Group, Inc. has a 1-year low of $146.04 and a 1-year high of $191.86. The company's fifty day simple moving average is $156.23 and its two-hundred day simple moving average is $163.70. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.18%. This is a positive change from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group's dividend payout ratio (DPR) is presently 34.56%.

Wall Street Analyst Weigh In

NXST has been the subject of a number of research analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday. StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Guggenheim raised 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 report on Friday, February 28th. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their price target for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Benchmark raised their price target on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.29.

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.