10,823 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,823 shares of the company's stock, valued at approximately $1,710,000.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC increased its stake in Nexstar Media Group by 203.0% in the fourth quarter. Headlands Technologies LLC now owns 2,209 shares of the company's stock valued at $349,000 after acquiring an additional 1,480 shares during the period. Wellington Management Group LLP acquired a new stake in Nexstar Media Group during the fourth quarter valued at approximately $2,370,000. Brandywine Global Investment Management LLC grew its stake in shares of Nexstar Media Group by 61.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 95,291 shares of the company's stock valued at $15,053,000 after purchasing an additional 36,381 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Nexstar Media Group by 8.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,142 shares of the company's stock worth $812,000 after buying an additional 389 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Nexstar Media Group in the 4th quarter worth approximately $44,460,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Insider Buying and Selling

In related news, insider Andrew Alford sold 3,768 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the sale, the insider now owns 5,405 shares in the company, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Perry A. Sook sold 32,096 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at $137,563,262.73. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,105 shares of company stock valued at $6,722,463 over the last ninety days. Insiders own 6.30% of the company's stock.

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Nexstar Media Group Trading Up 0.3 %

NXST traded up $0.41 during mid-day trading on Monday, reaching $152.40. The stock had a trading volume of 23,858 shares, compared to its average volume of 368,167. The firm's fifty day simple moving average is $163.71 and its two-hundred day simple moving average is $164.21. The stock has a market capitalization of $4.65 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.45 and a beta of 1.09. Nexstar Media Group, Inc. has a 52 week low of $143.32 and a 52 week high of $191.86. 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 (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (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 the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, equities analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The firm 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 is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.88%. Nexstar Media Group's payout ratio is currently 34.56%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NXST shares. StockNews.com cut Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barrington Research reiterated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Finally, Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. 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, Nexstar Media Group currently has an average rating of "Moderate Buy" and an average price target of $208.43.

About Nexstar Media Group

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.