Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,115 shares of the company's stock after buying an additional 3,680 shares during the period. Parcion Private Wealth LLC owned about 0.10% of Nexstar Media Group worth $5,145,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nexstar Media Group by 47.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,381 shares of the company's stock worth $394,000 after buying an additional 768 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Nexstar Media Group by 26.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,834 shares of the company's stock worth $634,000 after acquiring an additional 803 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Nexstar Media Group during the 3rd quarter worth $213,000. Copeland Capital Management LLC lifted its position in Nexstar Media Group by 18.1% in the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock valued at $90,567,000 after acquiring an additional 83,829 shares during the last quarter. Finally, Schubert & Co acquired a new position in Nexstar Media Group in the third quarter valued at $368,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, insider Gary Weitman sold 7,261 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the sale, the insider now directly owns 5,216 shares of the company's stock, valued at $859,596.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Nexstar Media Group news, insider Gary Weitman sold 7,261 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the transaction, the insider now owns 5,216 shares of the company's stock, valued at $859,596.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay M. Grossman sold 10,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $170.70, for a total value of $1,707,000.00. Following the sale, the director now owns 54,625 shares in the company, valued at $9,324,487.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,112 shares of company stock valued at $6,887,029 over the last three months. 6.30% of the stock is currently owned by insiders.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded up $1.34 during trading on Friday, hitting $170.93. 219,256 shares of the stock were exchanged, compared to its average volume of 322,262. Nexstar Media Group, Inc. has a 12-month low of $133.55 and a 12-month high of $187.27. The company has a market cap of $5.51 billion, a PE ratio of 13.44, a P/E/G ratio of 0.19 and a beta of 1.49. The company has a fifty day moving average price of $167.03 and a two-hundred day moving average price of $165.91. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92.

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). The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.28 billion. Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. Nexstar Media Group's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.64 earnings per share. On average, analysts forecast that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Benchmark reduced their price objective on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Barrington Research reiterated an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, August 8th. StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Friday, October 4th. Guggenheim dropped their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of 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. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nexstar Media Group currently has an average rating of "Moderate Buy" and a consensus target price of $199.71.

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.