Charles Schwab Investment Management Inc. Purchases 7,117 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Charles Schwab Investment Management Inc. grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,083,451 shares of the company’s stock after acquiring an additional 7,117 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.36% of Nexstar Media Group worth $179,149,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC lifted its position in Nexstar Media Group by 661.4% in the third quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after purchasing an additional 7,533 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Nexstar Media Group by 5.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 111,905 shares of the company’s stock worth $18,504,000 after purchasing an additional 6,101 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Nexstar Media Group by 211.2% in the 3rd quarter. GSA Capital Partners LLP now owns 6,195 shares of the company’s stock worth $1,024,000 after buying an additional 4,204 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Nexstar Media Group during the 2nd quarter valued at $570,000. Finally, AQR Capital Management LLC raised its position in Nexstar Media Group by 72.0% in the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock valued at $32,769,000 after purchasing an additional 83,637 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 0.4 %

Shares of NASDAQ NXST opened at $169.75 on Friday. Nexstar Media Group, Inc. has a twelve month low of $141.38 and a twelve month high of $191.86. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.20 and a beta of 1.48. 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’s fifty day moving average is $168.98 and its 200-day moving average is $167.17.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share 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 return on equity of 26.03% and a net margin of 11.39%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts predict that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.98%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 39.10%.

Insider Buying and Selling at Nexstar Media Group

In other news, EVP Rachel Morgan sold 6,196 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $171.30, for a total transaction of $1,061,374.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Alford sold 3,175 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total value of $532,828.50. Following the completion of the sale, the insider now directly owns 9,173 shares in the company, valued at approximately $1,539,412.86. This represents a 25.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,903 shares of company stock valued at $7,833,240. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NXST. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Guggenheim reduced their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $190.00 in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $198.50.

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.