Empowered Funds LLC Has $4.04 Million Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Empowered Funds LLC raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,575 shares of the company's stock after acquiring an additional 3,068 shares during the period. Empowered Funds LLC owned about 0.08% of Nexstar Media Group worth $4,040,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake 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 in the last quarter. SGL Investment Advisors Inc. bought a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. raised its stake 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 in the last quarter. Quest Partners LLC raised its stake 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 in the last quarter. Finally, Holocene Advisors LP raised its stake 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 in the last quarter. Institutional investors own 95.30% of the company's stock.

Nexstar Media Group Stock Performance

NXST stock traded up $2.58 during trading hours on Friday, hitting $153.34. 278,985 shares of the stock were exchanged, compared to its average volume of 259,050. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $4.76 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.44 and a beta of 1.45. The company has a 50-day simple moving average of $156.99 and a two-hundred day simple moving average of $164.29. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given 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 4.85%. Nexstar Media Group's dividend payout ratio (DPR) is presently 39.10%.

Insiders Place Their Bets

In related news, CEO Perry A. Sook sold 35,205 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $162.13, for a total value of $5,707,786.65. Following the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $109,388,138.22. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brett Jenkins sold 4,331 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $170.64, for a total value of $739,041.84. Following the completion of the transaction, the insider now owns 25,540 shares in the company, valued at $4,358,145.60. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,209 shares of company stock worth $21,499,239 in the last 90 days. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXST. Loop Capital lowered Nexstar Media Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Barrington Research reissued an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. Guggenheim reissued a "buy" rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Benchmark reissued a "buy" rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Finally, StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $204.29.

Nexstar Media Group 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.