Van Lanschot Kempen Investment Management N.V. Increases Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Van Lanschot Kempen Investment Management N.V. boosted its stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,107 shares of the company's stock after acquiring an additional 3,581 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.66% of Nexstar Media Group worth $32,559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Nexstar Media Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,331,355 shares of the company's stock worth $210,314,000 after buying an additional 4,704 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Nexstar Media Group by 27,180.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock valued at $190,650,000 after purchasing an additional 1,202,453 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Nexstar Media Group by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company's stock worth $174,103,000 after purchasing an additional 18,675 shares during the period. Demars Financial Group LLC increased its stake in shares of Nexstar Media Group by 16,009.5% in the fourth quarter. Demars Financial Group LLC now owns 773,737 shares of the company's stock worth $122,227,000 after purchasing an additional 768,934 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Nexstar Media Group by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 403,728 shares of the company's stock valued at $63,777,000 after purchasing an additional 19,116 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Nexstar Media Group Price Performance

Shares of NXST traded up $1.16 during trading hours on Friday, reaching $152.12. 220,615 shares of the company's stock traded hands, compared to its average volume of 372,611. 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's 50 day simple moving average is $163.24 and its 200-day simple moving average is $163.29. The stock has a market cap of $4.64 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. Nexstar Media Group, Inc. has a 12 month low of $143.32 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $1.48 billion. Equities analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.86 dividend. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group's dividend payout ratio is presently 34.56%.

Insider Activity

In other Nexstar Media Group news, CEO Perry A. Sook sold 32,096 shares of the 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 transaction, the chief executive officer now directly owns 806,019 shares in the company, valued at $137,563,262.73. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Thomas Mcmillen sold 2,000 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $169.51, for a total value of $339,020.00. Following the completion of the transaction, the director now owns 4,975 shares in the company, valued at approximately $843,312.25. This represents a 28.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,105 shares of company stock worth $6,722,463. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Benchmark boosted their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 28th. Barrington Research reiterated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Monday, March 10th. Guggenheim upped their price target on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.