Crossmark Global Holdings Inc. Purchases 474 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Crossmark Global Holdings Inc. raised its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 24.7% in the 3rd quarter, Holdings Channel reports. The firm owned 2,391 shares of the company’s stock after buying an additional 474 shares during the period. Crossmark Global Holdings Inc.’s holdings in Nexstar Media Group were worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NXST. CX Institutional grew its holdings in shares of Nexstar Media Group by 5.0% in the 3rd quarter. CX Institutional now owns 1,396 shares of the company’s stock valued at $231,000 after buying an additional 67 shares during the period. Granite Group Advisors LLC lifted its holdings in Nexstar Media Group by 5.1% during the first quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock worth $257,000 after acquiring an additional 72 shares in the last quarter. Blue Trust Inc. grew its stake in Nexstar Media Group by 7.3% in the third quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after acquiring an additional 74 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of Nexstar Media Group by 0.6% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after acquiring an additional 87 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Nexstar Media Group by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Perry A. Sook sold 12,239 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the completion of the transaction, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Biard sold 2,458 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $169.28, for a total transaction of $416,090.24. Following the completion of the transaction, the chief operating officer now directly owns 3,792 shares of the company’s stock, valued at $641,909.76. This trade represents a 39.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,437 shares of company stock valued at $8,429,561 over the last quarter. 6.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NXST. Deutsche Bank Aktiengesellschaft lowered their target price on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a research report on Friday, November 8th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Guggenheim reduced their price objective on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, Barrington Research reissued an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group Trading Down 2.6 %

NXST stock opened at $161.84 on Monday. Nexstar Media Group, Inc. has a one year low of $141.38 and a one year high of $191.86. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company has a fifty day moving average price of $168.62 and a two-hundred day moving average price of $167.18. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, November 15th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 39.10%.

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.