Arcadia Investment Management Corp MI Sells 281 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Arcadia Investment Management Corp MI lessened its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,361 shares of the company’s stock after selling 281 shares during the period. Arcadia Investment Management Corp MI’s holdings in Nexstar Media Group were worth $2,044,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Nexstar Media Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock worth $580,689,000 after acquiring an additional 127,783 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Nexstar Media Group by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company’s stock worth $220,189,000 after acquiring an additional 62,331 shares during the last quarter. Copeland Capital Management LLC grew its holdings in Nexstar Media Group by 18.1% in the 3rd quarter. Copeland Capital Management LLC now owns 547,728 shares of the company’s stock worth $90,567,000 after acquiring an additional 83,829 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at about $92,323,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Nexstar Media Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 418,815 shares of the company’s stock valued at $69,528,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Insiders Place Their Bets

In other Nexstar Media Group news, CFO Lee Ann Gliha sold 984 shares of Nexstar Media Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the transaction, the chief financial officer now directly owns 8,107 shares of the company’s stock, valued at approximately $1,277,906.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Lee Ann Gliha sold 984 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the sale, the chief financial officer now directly owns 8,107 shares in the company, valued at $1,277,906.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sean Compton sold 3,930 shares of Nexstar Media Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $160.61, for a total transaction of $631,197.30. Following the completion of the sale, the insider now owns 10,684 shares of the company’s stock, valued at $1,715,957.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,112 shares of company stock valued at $6,887,029. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NXST shares. Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Benchmark cut their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Guggenheim cut their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.71.

Nexstar Media Group Trading Up 0.7 %

Shares of NASDAQ NXST opened at $177.08 on Friday. Nexstar Media Group, Inc. has a 1 year low of $140.92 and a 1 year high of $187.27. The stock has a market cap of $5.71 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.20 and a beta of 1.48. The firm has a 50-day moving average of $167.82 and a 200 day moving average of $166.40. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.78 and a quick ratio of 1.78.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $2.64 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.69 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 3.82%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 53.14%.

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.