4,624 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC bought a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,624 shares of the company's stock, valued at approximately $731,000.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after buying an additional 1,202,453 shares during the period. Proficio Capital Partners LLC purchased a new stake in Nexstar Media Group during the 4th quarter valued at about $35,560,000. Raymond James Financial Inc. purchased a new stake in Nexstar Media Group during the 4th quarter valued at about $8,402,000. World Investment Advisors LLC acquired a new position in shares of Nexstar Media Group in the third quarter valued at about $3,747,000. Finally, SGL Investment Advisors Inc. purchased a new position in shares of Nexstar Media Group in the third quarter worth about $3,758,000. 95.30% of the stock is currently owned by institutional investors.

Insider Activity at Nexstar Media Group

In other news, insider Andrew Alford sold 3,768 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the transaction, the insider now owns 5,405 shares in the company, valued at $983,601.90. This trade represents a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now directly owns 806,019 shares in the company, valued at $137,563,262.73. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is owned by company insiders.

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Nexstar Media Group Price Performance

Shares of Nexstar Media Group stock traded up $2.77 during trading hours on Monday, reaching $179.22. The stock had a trading volume of 373,895 shares, compared to its average volume of 351,744. The stock's 50 day moving average is $162.89 and its 200 day moving average is $164.76. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a twelve month low of $146.04 and a twelve month high of $191.86. The firm has a market capitalization of $5.47 billion, a PE ratio of 10.37, a PEG ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results 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 return on equity of 26.03% and a net margin of 11.39%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Equities analysts expect 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. 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 dividend yield of 4.15%. Nexstar Media Group's dividend payout ratio (DPR) is 34.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NXST. StockNews.com lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Barrington Research reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Benchmark boosted 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, February 28th. One equities research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.43.

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.