International Assets Investment Management LLC Buys 121,764 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

International Assets Investment Management LLC grew its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 15,107.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,570 shares of the company’s stock after buying an additional 121,764 shares during the period. International Assets Investment Management LLC owned approximately 0.36% of Nexstar Media Group worth $19,213,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NXST. Nisa Investment Advisors LLC grew its stake in Nexstar Media Group by 54.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 13,073 shares of the company’s stock valued at $2,049,000 after buying an additional 4,596 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of Nexstar Media Group in the fourth quarter worth about $81,000. Clear Creek Financial Management LLC acquired a new position in shares of Nexstar Media Group during the 4th quarter worth about $314,000. Parcion Private Wealth LLC boosted its stake in Nexstar Media Group by 14.2% during the 4th quarter. Parcion Private Wealth LLC now owns 27,038 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,359 shares during the period. Finally, Oak Thistle LLC acquired a new stake in Nexstar Media Group in the 4th quarter valued at approximately $521,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $166.56 on Friday. Nexstar Media Group, Inc. has a 52 week low of $132.30 and a 52 week high of $187.32. The firm has a market cap of $5.49 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. The business’s fifty day moving average is $164.36 and its two-hundred day moving average is $159.94.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $8.04 EPS. The firm’s revenue was down 12.3% compared to the same quarter last year. Equities research analysts forecast that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

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

Insider Activity

In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the transaction, the director now owns 12,027 shares of the company’s stock, valued at $2,054,452.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the completion of the transaction, the director now owns 12,027 shares of the company’s stock, valued at approximately $2,054,452.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the transaction, the chief executive officer now directly owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,508 shares of company stock valued at $7,487,950. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of a number of research analyst reports. Rosenblatt Securities cut their price target on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. TheStreet upgraded shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, Barrington Research restated an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Nexstar Media Group has an average rating of “Moderate Buy” and a consensus target price of $193.83.

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.