4,404 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,404 shares of the company's stock, valued at approximately $728,000.

A number of other hedge funds have also modified their holdings of NXST. Copeland Capital Management LLC increased its holdings in Nexstar Media Group by 18.1% in the 3rd quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock worth $90,567,000 after buying an additional 83,829 shares during the period. AQR Capital Management LLC increased its stake in shares of Nexstar Media Group by 72.0% in the second quarter. AQR Capital Management LLC now owns 199,811 shares of the company's stock worth $32,769,000 after acquiring an additional 83,637 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Nexstar Media Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company's stock worth $220,189,000 after purchasing an additional 62,331 shares during the last quarter. Long Focus Capital Management LLC grew its position in Nexstar Media Group by 86.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 121,000 shares of the company's stock worth $20,087,000 after purchasing an additional 56,000 shares during the period. Finally, Payden & Rygel boosted its position in Nexstar Media Group by 40.4% in the 3rd quarter. Payden & Rygel now owns 110,200 shares of the company's stock worth $18,222,000 after purchasing an additional 31,700 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brett Jenkins sold 4,331 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $170.64, for a total transaction of $739,041.84. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company's stock, valued at $4,358,145.60. This represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the transaction, the director now directly owns 7,975 shares of the company's stock, valued at $1,276,000. This trade represents a 11.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,423 shares of company stock valued at $7,916,739 in the last ninety days. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on NXST shares. Guggenheim dropped their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft reduced 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. Benchmark reissued a "buy" rating and issued a $215.00 price target on shares of Nexstar Media Group in a research note on Friday, November 8th. Wells Fargo & Company decreased their price objective on shares of Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Finally, Barrington Research restated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.50.

Nexstar Media Group Stock Down 1.6 %

Nexstar Media Group stock traded down $2.75 during midday trading on Tuesday, reaching $170.41. The company's stock had a trading volume of 243,597 shares, compared to its average volume of 386,081. The company has a market cap of $5.29 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.21 and a beta of 1.45. Nexstar Media Group, Inc. has a fifty-two week low of $141.38 and a fifty-two 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 business has a 50-day simple moving average of $169.46 and a 200-day simple moving average of $167.01.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Nexstar Media Group's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, research analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $1.69 per share. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.97%. Nexstar Media Group's dividend payout ratio (DPR) is presently 39.10%.

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.