Copeland Capital Management LLC Has $84.71 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Copeland Capital Management LLC reduced its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 536,216 shares of the company's stock after selling 11,512 shares during the period. Nexstar Media Group makes up about 1.6% of Copeland Capital Management LLC's holdings, making the stock its 11th biggest holding. Copeland Capital Management LLC owned approximately 1.73% of Nexstar Media Group worth $84,706,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Brooklyn Investment Group bought a new stake in Nexstar Media Group in the third quarter valued at about $25,000. True Wealth Design LLC bought a new stake in shares of Nexstar Media Group in the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Nexstar Media Group in the third quarter valued at $33,000. Capital Performance Advisors LLP acquired a new stake in shares of Nexstar Media Group in the 3rd quarter worth about $44,000. Finally, Quarry LP lifted its holdings in Nexstar Media Group by 77.8% in the second quarter. Quarry LP now owns 297 shares of the company's stock worth $49,000 after purchasing an additional 130 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Trading Up 0.0 %

Shares of NXST traded up $0.06 during trading hours on Wednesday, reaching $153.95. The stock had a trading volume of 108,026 shares, compared to its average volume of 269,820. The company has a market cap of $4.78 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.25 and a beta of 1.45. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a 50-day moving average of $160.10 and a 200 day moving average of $165.89.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released 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). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $0.70 EPS. Nexstar Media Group's revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.86 per share. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date is Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 4.83%. Nexstar Media Group's dividend payout ratio is presently 39.10%.

Insider Buying and Selling at Nexstar Media Group

In other news, CEO Perry A. Sook sold 12,239 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the sale, the chief executive officer now directly owns 674,694 shares of the company's stock, valued at approximately $128,380,774.32. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 146,448 shares of company stock worth $23,828,076. Insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Guggenheim restated a "buy" rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. StockNews.com raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Barrington Research reissued an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Loop Capital lowered 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 research report on Friday, November 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $215.00 price objective on shares of Nexstar Media Group in a research report on Friday, November 8th. One equities 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, Nexstar Media Group presently has an average rating of "Moderate Buy" and an average target price of $204.29.

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.