LSV Asset Management Sells 54,605 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

LSV Asset Management lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,233,506 shares of the company's stock after selling 54,605 shares during the period. LSV Asset Management owned 3.98% of Nexstar Media Group worth $194,857,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NXST. KBC Group NV grew its position in shares of Nexstar Media Group by 1,801.8% in the 4th quarter. KBC Group NV now owns 17,230 shares of the company's stock worth $2,722,000 after acquiring an additional 16,324 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Nexstar Media Group during the fourth quarter worth $506,000. World Investment Advisors LLC bought a new stake in shares of Nexstar Media Group during the 3rd quarter valued at about $3,747,000. Stifel Financial Corp raised its stake in Nexstar Media Group by 136.8% during the third quarter. Stifel Financial Corp now owns 30,355 shares of the company's stock worth $5,019,000 after acquiring an additional 17,535 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Nexstar Media Group by 16.8% in the 3rd quarter. Barclays PLC now owns 45,051 shares of the company's stock worth $7,448,000 after purchasing an additional 6,475 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of Nexstar Media Group stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Thomas Mcmillen sold 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the completion of the sale, the director now owns 4,975 shares of the company's stock, valued at $843,312.25. This trade represents a 28.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,105 shares of company stock valued at $6,722,463 in the last three months. 6.30% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXST. StockNews.com downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Guggenheim increased their price target on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Benchmark lifted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Barrington Research reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Wednesday, March 5th. Finally, Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the company from $190.00 to $200.00 in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.43.

Nexstar Media Group Stock Performance

Shares of NASDAQ NXST traded down $0.28 during trading hours on Tuesday, hitting $152.26. 84,645 shares of the stock were exchanged, compared to its average volume of 368,371. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group, Inc. has a one year low of $143.32 and a one year high of $191.86. The company's 50 day moving average is $163.68 and its 200 day moving average is $164.12. The firm has a market capitalization of $4.65 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.45 and a beta of 1.09.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its 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). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. On average, research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 4.89%. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group's dividend payout ratio is currently 34.56%.

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.