Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC grew its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 18.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 547,728 shares of the company's stock after acquiring an additional 83,829 shares during the quarter. Nexstar Media Group comprises about 1.6% of Copeland Capital Management LLC's portfolio, making the stock its 10th biggest position. Copeland Capital Management LLC owned approximately 1.66% of Nexstar Media Group worth $90,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the company. Schubert & Co acquired a new stake in Nexstar Media Group during the 3rd quarter valued at approximately $368,000. Blue Trust Inc. increased its holdings in Nexstar Media Group by 7.3% in the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company's stock worth $181,000 after acquiring an additional 74 shares in the last quarter. OmniStar Financial Group Inc. lifted its stake in Nexstar Media Group by 10.4% in the 3rd quarter. OmniStar Financial Group Inc. now owns 4,083 shares of the company's stock valued at $676,000 after buying an additional 385 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Nexstar Media Group in the third quarter worth approximately $231,000. Finally, Creative Planning grew its holdings in shares of Nexstar Media Group by 43.8% during the third quarter. Creative Planning now owns 6,925 shares of the company's stock worth $1,145,000 after buying an additional 2,108 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

Nexstar Media Group Trading Down 0.4 %

Shares of NXST stock traded down $0.65 during mid-day trading on Tuesday, reaching $170.38. The company's stock had a trading volume of 235,740 shares, compared to its average volume of 323,365. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $5.61 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.19 and a beta of 1.49. The company's 50 day simple moving average is $166.25 and its 200-day simple moving average is $165.83. Nexstar Media Group, Inc. has a 12-month low of $133.55 and a 12-month high of $187.27.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $2.64 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $1.69 per share. The ex-dividend date was Friday, August 9th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.97%. Nexstar Media Group's payout ratio is currently 57.19%.

Analyst Ratings Changes

NXST has been the topic of several analyst reports. StockNews.com lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Friday, October 4th. Benchmark cut their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Guggenheim lowered their price target on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a report on Friday, October 4th. Wells Fargo & Company cut their target price 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, Deutsche Bank Aktiengesellschaft dropped their target price on Nexstar Media Group from $207.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.71.

Insider Activity

In other news, CFO Lee Ann Gliha sold 984 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the sale, the chief financial officer now owns 8,107 shares in the company, valued at approximately $1,277,906.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Lee Ann Gliha sold 984 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total value of $155,107.92. Following the sale, the chief financial officer now owns 8,107 shares of the company's stock, valued at approximately $1,277,906.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles Thomas Mcmillen sold 250 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the transaction, the director now owns 7,725 shares of the company's stock, valued at approximately $1,270,299. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,112 shares of company stock worth $6,887,029 over the last ninety days. Corporate insiders own 5.90% of the company's stock.

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.