XTX Topco Ltd Has $1 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

XTX Topco Ltd lessened its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) by 33.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,049 shares of the company's stock after selling 3,013 shares during the period. XTX Topco Ltd's holdings in Nexstar Media Group were worth $1,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CX Institutional lifted its position in shares of Nexstar Media Group by 5.0% during the 3rd quarter. CX Institutional now owns 1,396 shares of the company's stock valued at $231,000 after acquiring an additional 67 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company's stock valued at $181,000 after acquiring an additional 74 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of Nexstar Media Group by 0.6% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company's stock valued at $2,308,000 after purchasing an additional 87 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Nexstar Media Group by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company's stock valued at $700,000 after purchasing an additional 96 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Nexstar Media Group by 1.2% in the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company's stock valued at $1,684,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Insider Activity at Nexstar Media Group

In other news, Director Lisbeth Mcnabb sold 875 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the completion of the transaction, the director now directly owns 5,752 shares in the company, valued at $989,344. This represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Perry A. Sook sold 12,239 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the transaction, the chief executive officer now owns 674,694 shares of the company's stock, valued at approximately $128,380,774.32. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,298 shares of company stock worth $7,907,239 in the last quarter. Corporate insiders own 6.30% of the company's stock.

Nexstar Media Group Trading Down 3.3 %

NXST stock traded down $5.56 during trading on Wednesday, hitting $163.59. The company had a trading volume of 488,019 shares, compared to its average volume of 326,333. 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 50-day moving average price of $170.06 and a 200-day moving average price of $167.33. Nexstar Media Group, Inc. has a 12 month low of $142.25 and a 12 month high of $191.86. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.20 and a beta of 1.45.

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

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, November 15th. Nexstar Media Group's dividend payout ratio is currently 39.10%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark restated a "buy" rating and issued a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Guggenheim reduced their target price on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a report on Friday, October 4th. Loop Capital lowered Nexstar Media Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $200.00 to $190.00 in a report on Friday, November 8th. Finally, Barrington Research restated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. One research 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, the stock presently has an average 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.