Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Bought by Crawford Fund Management LLC

Crawford Fund Management LLC increased its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,557 shares of the company's stock after buying an additional 5,000 shares during the quarter. Nexstar Media Group accounts for about 1.5% of Crawford Fund Management LLC's investment portfolio, making the stock its 7th largest position. Crawford Fund Management LLC owned 0.14% of Nexstar Media Group worth $7,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of NXST. B. Riley Wealth Advisors Inc. raised its position in Nexstar Media Group by 8.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,378 shares of the company's stock valued at $410,000 after purchasing an additional 188 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Nexstar Media Group by 112.2% in the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company's stock valued at $49,000 after buying an additional 156 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Nexstar Media Group by 299.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,851 shares of the company's stock valued at $639,000 after buying an additional 2,886 shares during the period. CWM LLC increased its stake in shares of Nexstar Media Group by 60.7% in the 2nd quarter. CWM LLC now owns 1,178 shares of the company's stock valued at $196,000 after buying an additional 445 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Nexstar Media Group by 3.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,704 shares of the company's stock valued at $781,000 after buying an additional 138 shares during the period. Institutional investors own 95.30% of the company's stock.

Insider Activity

In related news, insider Brett Jenkins sold 4,331 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $170.64, for a total transaction of $739,041.84. Following the sale, the insider now owns 25,540 shares in the company, valued at approximately $4,358,145.60. This represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Alford sold 3,175 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $167.82, for a total value of $532,828.50. Following the sale, the insider now owns 9,173 shares in the company, valued at $1,539,412.86. The trade was a 25.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,423 shares of company stock worth $7,916,739 over the last three months. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NXST. StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their target price on Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Nexstar Media Group from $207.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, Loop Capital cut Nexstar Media Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $198.50.

Nexstar Media Group Trading Down 0.3 %

NASDAQ:NXST traded down $0.56 on Friday, reaching $170.59. The company's stock had a trading volume of 145,926 shares, compared to its average volume of 328,116. Nexstar Media Group, Inc. has a 1-year low of $141.38 and a 1-year high of $191.86. 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 firm has a market cap of $5.29 billion, a PE ratio of 9.90, a PEG ratio of 0.20 and a beta of 1.48. The business's 50-day moving average price is $169.23 and its two-hundred day moving average price is $167.15.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted 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 net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. Equities research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.96%. Nexstar Media Group's dividend payout ratio (DPR) is 39.10%.

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.