Cwm LLC Sells 2,698 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Cwm LLC decreased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 80.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 648 shares of the company’s stock after selling 2,698 shares during the period. Cwm LLC’s holdings in Nexstar Media Group were worth $102,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Copeland Capital Management LLC raised its holdings in shares of Nexstar Media Group by 3.4% in the 4th quarter. Copeland Capital Management LLC now owns 519,567 shares of the company’s stock worth $81,442,000 after acquiring an additional 16,928 shares during the last quarter. Channing Capital Management LLC increased its holdings in Nexstar Media Group by 738.8% during the 3rd quarter. Channing Capital Management LLC now owns 506,212 shares of the company’s stock worth $72,576,000 after purchasing an additional 445,859 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Nexstar Media Group by 71.0% in the third quarter. New York State Common Retirement Fund now owns 249,679 shares of the company’s stock worth $35,796,000 after purchasing an additional 103,636 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Nexstar Media Group by 156.5% in the third quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock valued at $34,218,000 after purchasing an additional 145,617 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in shares of Nexstar Media Group by 10.0% during the third quarter. Epoch Investment Partners Inc. now owns 208,946 shares of the company’s stock valued at $29,957,000 after buying an additional 19,054 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Stock Up 1.0 %

NXST opened at $168.26 on Tuesday. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.32. The company’s 50-day moving average price is $164.52 and its two-hundred day moving average price is $160.23. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.62 and a beta of 1.50. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.90.

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

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, May 9th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 70.20%.

Analyst Ratings Changes

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

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, EVP Michael Strober sold 1,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $167.49, for a total transaction of $167,490.00. Following the completion of the transaction, the executive vice president now owns 1,076 shares in the company, valued at $180,219.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Nexstar Media Group news, EVP Michael Strober sold 1,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $167.49, for a total transaction of $167,490.00. Following the sale, the executive vice president now owns 1,076 shares of the company’s stock, valued at approximately $180,219.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis J. Fitzsimons sold 2,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the sale, the director now owns 12,027 shares in the company, valued at approximately $2,054,452.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,508 shares of company stock worth $7,487,950. Company insiders own 5.90% of the company’s stock.

About Nexstar Media Group

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.