Global Financial Private Client LLC Has $49,000 Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Global Financial Private Client LLC lessened its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 92.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310 shares of the company's stock after selling 3,729 shares during the period. Global Financial Private Client LLC's holdings in Nexstar Media Group were worth $49,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Copeland Capital Management LLC boosted its position in Nexstar Media Group by 18.1% during the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock valued at $90,567,000 after purchasing an additional 83,829 shares during the last quarter. AQR Capital Management LLC boosted its position in Nexstar Media Group by 72.0% during the second quarter. AQR Capital Management LLC now owns 199,811 shares of the company's stock valued at $32,769,000 after purchasing an additional 83,637 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Nexstar Media Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company's stock valued at $220,189,000 after purchasing an additional 62,331 shares during the last quarter. Long Focus Capital Management LLC boosted its position in Nexstar Media Group by 86.2% during the second quarter. Long Focus Capital Management LLC now owns 121,000 shares of the company's stock valued at $20,087,000 after purchasing an additional 56,000 shares during the last quarter. Finally, Payden & Rygel lifted its position in shares of Nexstar Media Group by 40.4% in the third quarter. Payden & Rygel now owns 110,200 shares of the company's stock worth $18,222,000 after buying an additional 31,700 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on NXST shares. Benchmark reaffirmed a "buy" rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Barrington Research reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, November 7th. Loop Capital lowered Nexstar Media Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Guggenheim dropped their price objective on 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.29.

Nexstar Media Group Stock Performance

NXST traded up $2.21 on Wednesday, hitting $154.19. 274,635 shares of the stock traded hands, compared to its average volume of 299,502. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.92, a P/E/G ratio of 0.20 and a beta of 1.45. The business has a fifty day moving average price of $164.53 and a two-hundred day moving average price of $167.67.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company's revenue for the quarter was up 20.7% on a year-over-year basis. On average, research analysts predict that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $1.69 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.38%. Nexstar Media Group's dividend payout ratio is currently 39.10%.

Insider Activity

In other news, CFO Lee Ann Gliha sold 330 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total value of $52,215.90. Following the transaction, the chief financial officer now directly owns 8,610 shares of the company's stock, valued at $1,362,360.30. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Perry A. Sook sold 52,808 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was 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 directly owns 674,694 shares in the company, valued at $106,203,582.54. The trade was a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,448 shares of company stock worth $23,828,076. Company insiders own 6.30% of the company's stock.

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.