Keeley Teton Advisors LLC Sells 5,470 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Keeley Teton Advisors LLC lessened its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,817 shares of the company's stock after selling 5,470 shares during the quarter. Keeley Teton Advisors LLC owned 0.11% of Nexstar Media Group worth $5,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in Nexstar Media Group by 27,180.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock worth $190,650,000 after purchasing an additional 1,202,453 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Nexstar Media Group by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company's stock valued at $174,103,000 after purchasing an additional 18,675 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Nexstar Media Group by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 403,728 shares of the company's stock worth $63,777,000 after buying an additional 19,116 shares in the last quarter. Norges Bank bought a new position in shares of Nexstar Media Group in the 4th quarter valued at about $44,460,000. Finally, Boston Partners increased its position in shares of Nexstar Media Group by 1.6% in the fourth quarter. Boston Partners now owns 277,297 shares of the company's stock valued at $43,656,000 after acquiring an additional 4,457 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the transaction, the chief executive officer now owns 806,019 shares in the company, valued at $137,563,262.73. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Alford sold 3,768 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the sale, the insider now owns 5,405 shares of the company's stock, valued at approximately $983,601.90. The trade was a 41.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is currently owned by corporate insiders.

Nexstar Media Group Stock Performance

Shares of NXST stock traded up $0.31 during midday trading on Friday, hitting $147.50. 279,689 shares of the company were exchanged, compared to its average volume of 371,012. The firm has a market capitalization of $4.50 billion, a P/E ratio of 8.53, a PEG ratio of 0.45 and a beta of 1.09. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a 52 week low of $143.32 and a 52 week high of $191.86. The firm's 50 day moving average price is $163.42 and its two-hundred day moving average price is $163.68.

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

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 5.04%. Nexstar Media Group's dividend payout ratio (DPR) is presently 34.56%.

Wall Street Analyst Weigh In

NXST has been the subject of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Wednesday, March 5th. 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 report on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Benchmark boosted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $208.43.

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.