Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lessened its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,490 shares of the company’s stock after selling 434 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Nexstar Media Group were worth $3,711,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Nexstar Media Group in the third quarter worth about $25,000. True Wealth Design LLC acquired a new stake in Nexstar Media Group in the 3rd quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Nexstar Media Group in the 3rd quarter worth approximately $33,000. Capital Performance Advisors LLP acquired a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $44,000. Finally, Quarry LP grew its position in shares of Nexstar Media Group by 77.8% in the second quarter. Quarry LP now owns 297 shares of the company’s stock valued at $49,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 0.9 %

Shares of NXST stock opened at $157.72 on Friday. Nexstar Media Group, Inc. has a 1-year low of $147.25 and a 1-year high of $191.86. The firm has a market cap of $4.89 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45. The company has a 50-day moving average of $161.79 and a two-hundred day moving average of $166.96. 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 (NASDAQ:NXST) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by ($0.24). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. On average, analysts predict that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s payout ratio is 39.10%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 52,808 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. This represents a 7.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisbeth Mcnabb sold 875 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the completion of the transaction, the director now directly owns 5,752 shares of the company’s stock, valued at $989,344. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,448 shares of company stock worth $23,828,076 in the last three months. 6.30% of the stock is owned by company insiders.

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.