New York State Common Retirement Fund Has $29.84 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

New York State Common Retirement Fund lowered its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,900 shares of the company’s stock after selling 773 shares during the period. New York State Common Retirement Fund owned approximately 0.61% of Nexstar Media Group worth $29,841,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in Nexstar Media Group by 31.0% in the fourth quarter. Venturi Wealth Management LLC now owns 883 shares of the company’s stock valued at $139,000 after acquiring an additional 209 shares during the period. Sanctuary Advisors LLC acquired a new stake in Nexstar Media Group in the fourth quarter valued at approximately $809,000. State of New Jersey Common Pension Fund D grew its stake in Nexstar Media Group by 7.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 12,837 shares of the company’s stock valued at $2,028,000 after acquiring an additional 840 shares during the period. Entropy Technologies LP acquired a new stake in Nexstar Media Group in the fourth quarter valued at approximately $506,000. Finally, Empowered Funds LLC grew its stake in Nexstar Media Group by 13.6% in the fourth quarter. Empowered Funds LLC now owns 25,575 shares of the company’s stock valued at $4,040,000 after acquiring an additional 3,068 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and an average price target of $204.29.

Nexstar Media Group Stock Performance

Shares of Nexstar Media Group stock opened at $154.58 on Friday. The business’s fifty day simple moving average is $156.02 and its 200 day simple moving average is $163.82. The firm has a market capitalization of $4.80 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.86 per share. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio (DPR) is 43.03%.

Insider Buying and Selling

In related news, Director Lisbeth Mcnabb sold 875 shares of Nexstar Media Group stock in a transaction 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 sale, the director now directly owns 5,752 shares in the company, valued at approximately $989,344. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction 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 approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,824 shares of company stock worth $21,093,408. 6.30% of the stock is owned by company insiders.

Nexstar Media Group Company 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.