22,659 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Purchased by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,659 shares of the company's stock, valued at approximately $3,747,000. World Investment Advisors LLC owned approximately 0.07% of Nexstar Media Group at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NXST. CWM LLC lifted its position in Nexstar Media Group by 60.7% during the 2nd quarter. CWM LLC now owns 1,178 shares of the company's stock worth $196,000 after acquiring an additional 445 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nexstar Media Group during the second quarter valued at approximately $1,066,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nexstar Media Group by 4.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,468 shares of the company's stock worth $742,000 after purchasing an additional 193 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Nexstar Media Group by 10.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,745 shares of the company's stock worth $622,000 after purchasing an additional 345 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Nexstar Media Group by 26.8% in the second quarter. Blue Trust Inc. now owns 1,014 shares of the company's stock valued at $175,000 after purchasing an additional 214 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 250 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the sale, the director now directly owns 7,725 shares in the company, valued at approximately $1,270,299. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bernadette S. Aulestia sold 500 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $328,900. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,798 shares of company stock valued at $7,989,464 over the last quarter. Insiders own 6.30% of the company's stock.

Nexstar Media Group Stock Performance

Shares of NXST traded down $0.40 during mid-day trading on Friday, hitting $164.60. The stock had a trading volume of 455,016 shares, compared to its average volume of 327,648. Nexstar Media Group, Inc. has a fifty-two week low of $147.25 and a fifty-two week high of $191.86. 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 company has a market cap of $5.11 billion, a PE ratio of 9.52, a PEG ratio of 0.20 and a beta of 1.45. The company's fifty day simple moving average is $170.11 and its two-hundred day simple moving average is $167.33.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts' consensus estimates of $5.51 by ($0.24). The business had revenue of $1.37 billion during 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 for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. On average, equities analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.11%. Nexstar Media Group's dividend payout ratio (DPR) is 39.10%.

Analysts Set New Price Targets

Several research firms recently issued reports on NXST. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. Loop Capital lowered Nexstar Media Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $200.00 to $190.00 in a research 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. Guggenheim dropped their price objective on 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, StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.29.

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.