Delphi Management Inc. MA Sells 1,489 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Delphi Management Inc. MA decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,392 shares of the company's stock after selling 1,489 shares during the period. Delphi Management Inc. MA's holdings in Nexstar Media Group were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new position in shares of Nexstar Media Group during the 4th quarter worth $731,000. Vestcor Inc increased its position in Nexstar Media Group by 83.5% during the fourth quarter. Vestcor Inc now owns 4,797 shares of the company's stock worth $758,000 after buying an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Nexstar Media Group by 9.8% during the fourth quarter. Farther Finance Advisors LLC now owns 4,802 shares of the company's stock valued at $759,000 after buying an additional 429 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Nexstar Media Group by 8.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,173 shares of the company's stock worth $659,000 after buying an additional 339 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Nexstar Media Group during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Insider Buying and Selling

In other news, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total value of $8,312,507.28. Following the completion of the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $106,203,582.54. This represents a 7.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lee Ann Gliha sold 330 shares of Nexstar Media Group stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $158.23, for a total transaction of $52,215.90. Following the sale, the chief financial officer now owns 8,610 shares in the company, valued at approximately $1,362,360.30. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,250 shares of company stock valued at $20,450,616 over the last ninety days. 6.30% of the stock is owned by company insiders.

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Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Benchmark lifted their price target on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Barrington Research reiterated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Wednesday, March 5th. Finally, Guggenheim boosted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research report 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 price target of $208.43.

Nexstar Media Group Stock Performance

NASDAQ NXST traded down $0.39 during midday trading on Friday, hitting $176.99. The company had a trading volume of 2,599,603 shares, compared to its average volume of 453,637. The firm has a fifty day simple moving average of $159.13 and a two-hundred day simple moving average of $164.02. Nexstar Media Group, Inc. has a fifty-two week low of $146.04 and a fifty-two week high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change 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 presently 34.56%.

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.