Quantbot Technologies LP Increases Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Quantbot Technologies LP boosted its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 140.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,329 shares of the company's stock after purchasing an additional 10,693 shares during the quarter. Quantbot Technologies LP owned about 0.06% of Nexstar Media Group worth $2,895,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Nexstar Media Group during the 3rd quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in Nexstar Media Group in the fourth quarter worth approximately $25,000. True Wealth Design LLC acquired a new stake in Nexstar Media Group in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Nexstar Media Group in the third quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Nexstar Media Group by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after acquiring an additional 73 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Andrew Alford sold 3,768 shares of the business's stock in a transaction that occurred 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 $983,601.90. The trade was a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares in the company, valued at $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,105 shares of company stock valued at $6,722,463 in the last 90 days. Insiders own 6.30% of the company's stock.

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Nexstar Media Group Stock Performance

NXST traded down $3.26 during trading on Thursday, hitting $179.49. 335,922 shares of the company traded hands, compared to its average volume of 344,372. Nexstar Media Group, Inc. has a one year low of $146.04 and a one year high of $191.86. The stock's fifty day moving average is $161.33 and its 200 day moving average is $164.39. 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 firm has a market cap of $5.48 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47.

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

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. Nexstar Media Group's dividend payout ratio is currently 34.56%.

Analyst Ratings Changes

NXST has been the subject of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Monday, March 10th. Barrington Research reissued an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Benchmark raised 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 Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $190.00 to $200.00 in a research note on Friday, February 28th. Finally, StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Nexstar Media Group presently has an average rating of "Moderate Buy" and an average target price of $208.43.

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.