Inceptionr LLC Purchases Shares of 3,308 Nexstar Media Group, Inc. (NASDAQ:NXST)

Inceptionr LLC acquired a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,308 shares of the company’s stock, valued at approximately $523,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of Nexstar Media Group by 27,180.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after acquiring an additional 1,202,453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nexstar Media Group by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company’s stock valued at $174,103,000 after acquiring an additional 18,675 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nexstar Media Group by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 403,728 shares of the company’s stock valued at $63,777,000 after acquiring an additional 19,116 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Nexstar Media Group in the fourth quarter valued at approximately $35,560,000. Finally, Bruni J V & Co. Co. boosted its holdings in shares of Nexstar Media Group by 0.8% in the fourth quarter. Bruni J V & Co. Co. now owns 194,568 shares of the company’s stock valued at $30,736,000 after acquiring an additional 1,568 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total value of $82,225.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $328,900. This represents a 20.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 875 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $172.00, for a total transaction of $150,500.00. Following the completion of the sale, the director now owns 5,752 shares of the company’s stock, valued at approximately $989,344. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,830 shares of company stock worth $26,391,128. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Stock Up 3.0 %

Shares of NASDAQ:NXST opened at $177.85 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $5.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. Nexstar Media Group, Inc. has a 52 week low of $146.04 and a 52 week high of $191.86. The firm has a 50 day simple moving average of $156.61 and a 200 day simple moving average of $163.75.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. As a group, research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Wednesday, February 12th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio is 34.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NXST. Benchmark increased their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Wednesday. Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, StockNews.com cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $210.29.

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.