7,560 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Purchased by Toroso Investments LLC

Toroso Investments LLC purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,560 shares of the company’s stock, valued at approximately $1,261,000.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Nexstar Media Group by 1.0% during the 2nd quarter. FMR LLC now owns 2,740,135 shares of the company’s stock worth $446,313,000 after purchasing an additional 26,586 shares during the period. BlackRock Inc. boosted its stake in shares of Nexstar Media Group by 0.7% during the 1st quarter. BlackRock Inc. now owns 1,714,944 shares of the company’s stock worth $323,233,000 after purchasing an additional 12,720 shares during the period. Boston Partners boosted its stake in shares of Nexstar Media Group by 4.8% during the 3rd quarter. Boston Partners now owns 1,434,419 shares of the company’s stock worth $239,680,000 after purchasing an additional 66,106 shares during the period. LSV Asset Management boosted its stake in shares of Nexstar Media Group by 10.8% during the 3rd quarter. LSV Asset Management now owns 1,196,460 shares of the company’s stock worth $199,629,000 after purchasing an additional 116,654 shares during the period. Finally, Park West Asset Management LLC lifted its holdings in Nexstar Media Group by 13.2% during the 2nd quarter. Park West Asset Management LLC now owns 907,256 shares of the company’s stock valued at $147,774,000 after buying an additional 105,697 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group Trading Down 3.0 %

NASDAQ:NXST opened at $159.20 on Friday. Nexstar Media Group, Inc. has a one year low of $151.01 and a one year high of $217.76. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $5.85 billion, a P/E ratio of 6.79, a P/E/G ratio of 1.15 and a beta of 1.51. The firm has a 50-day simple moving average of $189.01 and a 200-day simple moving average of $182.03.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $5.40 annualized dividend and a dividend yield of 3.39%. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $0.90. Nexstar Media Group’s payout ratio is currently 22.36%.

Insider Activity

In other news, COO Thomas Carter sold 1,400 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $182.92, for a total value of $256,088.00. Following the completion of the sale, the chief operating officer now owns 80,052 shares in the company, valued at approximately $14,643,111.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $170.05, for a total value of $170,050.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $850,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Carter sold 1,400 shares of Nexstar Media Group stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $182.92, for a total transaction of $256,088.00. Following the completion of the transaction, the chief operating officer now directly owns 80,052 shares in the company, valued at approximately $14,643,111.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,400 shares of company stock worth $945,793. 5.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Nexstar Media Group in a report on Thursday. They set a “hold” rating for the company. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Nexstar Media Group in a report on Monday, February 27th. Finally, Barrington Research reiterated an “outperform” rating and set a $235.00 price objective on shares of Nexstar Media Group in a report on Wednesday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $222.00.

About Nexstar Media Group

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Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.