Pacer Advisors Inc. Acquires 1,202,453 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Pacer Advisors Inc. raised its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 27,180.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,206,877 shares of the company's stock after purchasing an additional 1,202,453 shares during the quarter. Pacer Advisors Inc. owned approximately 3.89% of Nexstar Media Group worth $190,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXST. Charles Schwab Investment Management Inc. lifted its stake in shares of Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company's stock valued at $179,149,000 after buying an additional 7,117 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Nexstar Media Group by 18.1% during the 3rd quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock valued at $90,567,000 after acquiring an additional 83,829 shares during the period. AQR Capital Management LLC lifted its position in shares of Nexstar Media Group by 72.0% during the second quarter. AQR Capital Management LLC now owns 199,811 shares of the company's stock worth $32,769,000 after acquiring an additional 83,637 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Nexstar Media Group by 6.1% in the third quarter. New York State Common Retirement Fund now owns 189,673 shares of the company's stock worth $31,362,000 after acquiring an additional 10,938 shares during the period. Finally, Capital Management Corp VA grew its position in shares of Nexstar Media Group by 2.7% in the third quarter. Capital Management Corp VA now owns 162,295 shares of the company's stock valued at $26,835,000 after purchasing an additional 4,258 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

NXST has been the topic of a number of recent analyst reports. Loop Capital downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Benchmark reissued a "buy" rating and issued a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Barrington Research restated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Finally, Guggenheim reissued a "buy" rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.29.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, CFO Lee Ann Gliha sold 330 shares of Nexstar Media Group stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total transaction of $52,215.90. Following the completion of the transaction, the chief financial officer now owns 8,610 shares in the company, valued at approximately $1,362,360.30. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $128,380,774.32. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,448 shares of company stock valued at $23,828,076. 6.30% of the stock is currently owned by company insiders.

Nexstar Media Group Trading Down 0.2 %

Shares of NXST stock traded down $0.30 during mid-day trading on Monday, reaching $157.42. The stock had a trading volume of 336,606 shares, compared to its average volume of 275,188. 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 $4.88 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45. Nexstar Media Group, Inc. has a 52-week low of $147.25 and a 52-week high of $191.86. The stock's 50-day moving average price is $161.70 and its two-hundred day moving average price is $166.81.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results 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 last year, the firm earned $0.70 EPS. The business's revenue was up 20.7% on a year-over-year basis. Equities analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group's dividend payout ratio is currently 39.10%.

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.