XTX Topco Ltd Decreases Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

XTX Topco Ltd reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 9.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,490 shares of the company’s stock after selling 559 shares during the quarter. XTX Topco Ltd’s holdings in Nexstar Media Group were worth $867,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in Nexstar Media Group in the fourth quarter valued at about $204,000. Mariner LLC lifted its stake in Nexstar Media Group by 5.3% in the fourth quarter. Mariner LLC now owns 2,300 shares of the company’s stock valued at $363,000 after purchasing an additional 115 shares during the last quarter. Barclays PLC grew its holdings in Nexstar Media Group by 5.8% during the fourth quarter. Barclays PLC now owns 47,679 shares of the company’s stock valued at $7,532,000 after purchasing an additional 2,628 shares during the period. Sterling Capital Management LLC increased its position in Nexstar Media Group by 41.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the company’s stock worth $211,000 after buying an additional 392 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Nexstar Media Group by 49.7% in the fourth quarter. Covestor Ltd now owns 949 shares of the company’s stock valued at $150,000 after buying an additional 315 shares during the period. Institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Monday, March 10th. StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Guggenheim upped their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Finally, Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.43.

Nexstar Media Group Stock Down 3.4 %

Shares of NASDAQ:NXST opened at $147.19 on Thursday. The firm has a fifty day moving average price of $163.61 and a two-hundred day moving average price of $163.92. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.45 and a beta of 1.09. 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, Inc. has a one year low of $143.32 and a one year high of $191.86.

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

Nexstar Media Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.86 per share. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 5.05%. Nexstar Media Group’s payout ratio is presently 34.56%.

Insider Buying and Selling

In other news, insider Gary Weitman sold 1,241 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the transaction, the insider now owns 3,975 shares of the company’s stock, valued at $704,409.75. This represents a 23.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Thomas Mcmillen sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $169.51, for a total transaction of $339,020.00. Following the sale, the director now owns 4,975 shares in the company, valued at approximately $843,312.25. This trade represents a 28.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,105 shares of company stock worth $6,722,463. Insiders own 6.30% of the company’s stock.

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.