Boston Financial Mangement LLC Sells 5,601 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Boston Financial Mangement LLC trimmed its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,641 shares of the company's stock after selling 5,601 shares during the quarter. Nexstar Media Group makes up 1.1% of Boston Financial Mangement LLC's holdings, making the stock its 27th biggest holding. Boston Financial Mangement LLC owned approximately 0.70% of Nexstar Media Group worth $37,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Nexstar Media Group by 43.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,419 shares of the company's stock worth $1,061,000 after buying an additional 1,951 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Nexstar Media Group by 5.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,018 shares of the company's stock worth $3,164,000 after acquiring an additional 926 shares during the period. Parcion Private Wealth LLC boosted its holdings in Nexstar Media Group by 13.4% in the third quarter. Parcion Private Wealth LLC now owns 31,115 shares of the company's stock valued at $5,145,000 after acquiring an additional 3,680 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in 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 valued at $394,000 after purchasing an additional 768 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings 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 purchasing an additional 803 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Friday, October 4th. Guggenheim cut their target price on 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. Benchmark lowered their target price on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Wells Fargo & Company dropped 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 research report on Friday, August 9th. Two investment 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's stock. According to data from MarketBeat, Nexstar Media Group has a consensus rating of "Moderate Buy" and an average target price of $199.71.

Nexstar Media Group Stock Up 1.5 %

Shares of NXST traded up $2.66 on Tuesday, reaching $176.47. The company's stock had a trading volume of 251,895 shares, compared to its average volume of 321,346. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92. The firm has a fifty day moving average of $167.17 and a 200-day moving average of $166.01. The stock has a market capitalization of $5.69 billion, a PE ratio of 13.90, a PEG ratio of 0.19 and a beta of 1.49. Nexstar Media Group, Inc. has a twelve month low of $136.13 and a twelve month high of $187.27.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $3.54 earnings per share (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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $2.64 EPS. The firm's quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 250 shares of Nexstar Media Group stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $164.44, for a total transaction of $41,110.00. Following the transaction, the director now owns 7,725 shares of the company's stock, valued at $1,270,299. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nexstar Media Group news, 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 completion of the sale, the director now directly owns 54,625 shares of the company's stock, valued at $9,324,487.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles Thomas Mcmillen sold 250 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $164.44, for a total value of $41,110.00. Following the completion of the sale, the director now owns 7,725 shares in the company, valued at $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 have sold 41,112 shares of company stock valued at $6,887,029 over the last ninety days. Corporate insiders own 6.30% 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.