Wiley BROS. Aintree Capital LLC Boosts Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Wiley BROS. Aintree Capital LLC lifted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 15.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,465 shares of the company’s stock after acquiring an additional 1,145 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Nexstar Media Group were worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of Nexstar Media Group during the first quarter valued at approximately $26,000. Denali Advisors LLC grew its holdings in Nexstar Media Group by 107.0% in the 1st quarter. Denali Advisors LLC now owns 207 shares of the company’s stock worth $36,000 after acquiring an additional 107 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Nexstar Media Group by 176.1% in the first quarter. Global Retirement Partners LLC now owns 254 shares of the company’s stock valued at $42,000 after acquiring an additional 162 shares during the period. Endurance Wealth Management Inc. bought a new position in shares of Nexstar Media Group during the first quarter valued at about $43,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Nexstar Media Group by 228.9% during the fourth quarter. Quadrant Capital Group LLC now owns 273 shares of the company’s stock worth $48,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Activity

In other Nexstar Media Group news, insider Thomas Carter sold 5,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $165.50, for a total value of $827,500.00. Following the sale, the insider now directly owns 76,920 shares of the company’s stock, valued at $12,730,260. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nexstar Media Group news, insider Thomas Carter sold 5,000 shares of Nexstar Media Group stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $165.50, for a total value of $827,500.00. Following the completion of the transaction, the insider now directly owns 76,920 shares of the company’s stock, valued at $12,730,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Blake Russell sold 3,697 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $163.07, for a total transaction of $602,869.79. Following the sale, the executive vice president now owns 30,897 shares in the company, valued at approximately $5,038,373.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,544 shares of company stock worth $1,729,450. Insiders own 5.90% of the company’s stock.

Nexstar Media Group Stock Up 3.1 %

NXST stock traded up $4.71 during midday trading on Thursday, hitting $154.32. The stock had a trading volume of 148,984 shares, compared to its average volume of 345,990. The business has a 50-day moving average of $166.00 and a two-hundred day moving average of $166.59. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.50. Nexstar Media Group, Inc. has a 52-week low of $133.09 and a 52-week high of $217.76.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Tuesday, August 8th. The company reported $2.64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.24). Nexstar Media Group had a return on equity of 29.41% and a net margin of 13.31%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned $5.56 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts forecast that Nexstar Media Group, Inc. will post 11.77 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Wednesday, August 9th. Nexstar Media Group’s dividend payout ratio is 29.65%.

Analyst Upgrades and Downgrades

NXST has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $235.00 price target on shares of Nexstar Media Group in a report on Tuesday, August 8th. Guggenheim boosted their target price on Nexstar Media Group from $216.00 to $220.00 in a research note on Thursday, June 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Nexstar Media Group from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Rosenblatt Securities boosted their price objective on shares of Nexstar Media Group from $228.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Finally, StockNews.com started coverage on shares of Nexstar Media Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $215.83.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.