Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lowered its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 49.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,083 shares of the company's stock after selling 6,820 shares during the quarter. Klein Pavlis & Peasley Financial Inc.'s holdings in Nexstar Media Group were worth $1,171,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CX Institutional increased its holdings in Nexstar Media Group by 5.0% during the 3rd quarter. CX Institutional now owns 1,396 shares of the company's stock worth $231,000 after purchasing an additional 67 shares during the period. Granite Group Advisors LLC raised its holdings in shares of Nexstar Media Group by 5.1% in the first quarter. Granite Group Advisors LLC now owns 1,489 shares of the company's stock valued at $257,000 after acquiring an additional 72 shares in the last quarter. Blue Trust Inc. lifted its stake in Nexstar Media Group by 7.3% in the third quarter. Blue Trust Inc. now owns 1,088 shares of the company's stock worth $181,000 after acquiring an additional 74 shares during the period. SummerHaven Investment Management LLC grew its holdings in Nexstar Media Group by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company's stock worth $700,000 after acquiring an additional 96 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Nexstar Media Group by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 40,479 shares of the company's stock valued at $6,974,000 after purchasing an additional 107 shares during the period. Institutional investors own 95.30% of the company's stock.

Nexstar Media Group Stock Performance

NXST stock traded up $2.88 during midday trading on Monday, reaching $173.81. The stock had a trading volume of 201,344 shares, compared to its average volume of 321,680. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a fifty day simple moving average of $167.03 and a two-hundred day simple moving average of $165.93. The stock has a market cap of $5.61 billion, a PE ratio of 13.67, a P/E/G ratio of 0.19 and a beta of 1.49. Nexstar Media Group, Inc. has a 52-week low of $136.13 and a 52-week high of $187.27.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the company earned $2.64 EPS. Nexstar Media Group's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Insider Buying and Selling

In other news, CFO Lee Ann Gliha sold 984 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the transaction, the chief financial officer now owns 8,107 shares of the company's stock, valued at $1,277,906.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Lee Ann Gliha sold 984 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total transaction of $155,107.92. Following the completion of the transaction, the chief financial officer now directly owns 8,107 shares of the company's stock, valued at $1,277,906.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Alford sold 3,175 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $167.82, for a total transaction of $532,828.50. Following the sale, the insider now directly owns 9,173 shares in the company, valued at $1,539,412.86. This trade represents a 0.00 % decrease in their ownership of the stock. 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 90 days. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NXST. Wells Fargo & Company lowered their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Benchmark dropped their target price on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Guggenheim reduced their price target on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a research report on Friday, October 4th. StockNews.com cut Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Friday, October 4th. Finally, Barrington Research reiterated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and an average target price of $199.71.

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.