Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. lessened its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 20.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,471 shares of the company’s stock after selling 2,946 shares during the quarter. Nexstar Media Group comprises about 1.8% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 26th biggest position. Weaver C. Barksdale & Associates Inc.’s holdings in Nexstar Media Group were worth $1,798,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Channing Capital Management LLC lifted its holdings in Nexstar Media Group by 738.8% during the third quarter. Channing Capital Management LLC now owns 506,212 shares of the company’s stock valued at $72,576,000 after purchasing an additional 445,859 shares in the last quarter. Norges Bank purchased a new position in Nexstar Media Group in the 4th quarter valued at about $51,812,000. Boston Financial Mangement LLC boosted its holdings in Nexstar Media Group by 156.5% in the 3rd quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock worth $34,218,000 after buying an additional 145,617 shares during the last quarter. International Assets Investment Management LLC increased its stake in Nexstar Media Group by 15,107.2% during the 4th quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock worth $19,213,000 after buying an additional 121,764 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Nexstar Media Group by 71.0% during the 3rd quarter. New York State Common Retirement Fund now owns 249,679 shares of the company’s stock worth $35,796,000 after buying an additional 103,636 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 1.4 %

Nexstar Media Group stock traded up $2.26 during trading on Friday, reaching $166.56. 272,399 shares of the company were exchanged, compared to its average volume of 237,667. The stock’s 50 day simple moving average is $164.36 and its two-hundred day simple moving average is $159.85. The company has a market capitalization of $5.49 billion, a P/E ratio of 17.30, a PEG ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.53 and a quick ratio of 1.53. Nexstar Media Group, Inc. has a 52-week low of $132.30 and a 52-week high of $187.32.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $8.04 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. On average, equities research analysts expect that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $1.69 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.76 annualized dividend and a yield of 4.06%. Nexstar Media Group’s payout ratio is 70.20%.

Insider Transactions at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $166.00, for a total transaction of $244,850.00. Following the sale, the director now owns 4,525 shares of the company’s stock, valued at approximately $751,150. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Nexstar Media Group news, insider Sean Compton sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $162.61, for a total value of $487,830.00. Following the transaction, the insider now owns 9,489 shares of the company’s stock, valued at $1,543,006.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Thomas Mcmillen sold 1,475 shares of Nexstar Media Group stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $166.00, for a total transaction of $244,850.00. Following the sale, the director now owns 4,525 shares of the company’s stock, valued at $751,150. The disclosure for this sale can be found here. Insiders sold 46,508 shares of company stock worth $7,487,950 in the last 90 days. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Rosenblatt Securities decreased their target price on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, March 7th. Finally, TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.83.

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.