Cookson Peirce & Co. Inc. Acquires 415 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Cookson Peirce & Co. Inc. boosted its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,346 shares of the company’s stock after acquiring an additional 415 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Nexstar Media Group were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of Nexstar Media Group by 97.9% in the 4th quarter. Victory Capital Management Inc. now owns 40,711 shares of the company’s stock worth $6,431,000 after purchasing an additional 20,140 shares during the period. Cornerstone Investment Partners LLC lifted its position in shares of Nexstar Media Group by 5.3% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,171 shares of the company’s stock worth $501,000 after purchasing an additional 160 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Nexstar Media Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,102,126 shares of the company’s stock worth $174,103,000 after purchasing an additional 18,675 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Nexstar Media Group by 99.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 786 shares of the company’s stock worth $124,000 after purchasing an additional 392 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Nexstar Media Group in the 4th quarter worth approximately $25,000. 95.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Nexstar Media Group

In other news, Director Bernadette S. Aulestia sold 500 shares of the company’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 $328,900. This represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 875 shares of the company’s 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 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 161,589 shares of company stock worth $26,171,210. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Stock Down 0.1 %

Nexstar Media Group stock opened at $169.63 on Thursday. The company has a market capitalization of $5.26 billion, a PE ratio of 9.81, a PEG ratio of 0.45 and a beta of 1.45. The firm’s fifty day moving average is $155.78 and its 200 day moving average is $163.59. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 12-month low of $146.04 and a 12-month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s payout ratio is 34.56%.

Analysts Set New Price Targets

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