22,615 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Acquired by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,615 shares of the company's stock, valued at approximately $3,758,000. Nexstar Media Group accounts for approximately 1.9% of SGL Investment Advisors Inc.'s investment portfolio, making the stock its 24th largest position. SGL Investment Advisors Inc. owned 0.07% of Nexstar Media Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NXST. Y Intercept Hong Kong Ltd acquired a new position in shares of Nexstar Media Group in the third quarter valued at $821,000. iSAM Funds UK Ltd acquired a new stake in Nexstar Media Group during the third quarter worth approximately $336,000. Insigneo Advisory Services LLC bought a new stake in shares of Nexstar Media Group during the third quarter worth approximately $305,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Nexstar Media Group in the third quarter valued at approximately $1,168,000. Finally, Weiss Asset Management LP bought a new position in shares of Nexstar Media Group during the third quarter worth approximately $443,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Trading Down 1.0 %

NASDAQ NXST traded down $1.68 during mid-day trading on Monday, reaching $168.49. 147,935 shares of the stock were exchanged, compared to its average volume of 325,362. The stock has a market cap of $5.23 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.20 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group, Inc. has a one year low of $142.25 and a one year high of $191.86. The stock has a 50 day simple moving average of $169.93 and a 200-day simple moving average of $167.18.

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

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group's dividend payout ratio (DPR) is presently 39.10%.

Insider Activity at Nexstar Media Group

In other news, Director John R. Muse sold 2,385 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $170.16, for a total transaction of $405,831.60. Following the completion of the sale, the director now owns 25,978 shares in the company, valued at $4,420,416.48. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 12,239 shares of the business's stock in a transaction on Thursday, November 7th. The shares were 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 owns 674,694 shares in the company, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,423 shares of company stock worth $7,916,739 in the last quarter. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on NXST shares. StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Benchmark reissued a "buy" rating and issued a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. Guggenheim lowered their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Finally, Loop Capital lowered Nexstar Media Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $200.00 to $190.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $204.29.

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.