Nexstar Media Group, Inc. (NASDAQ:NXST) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,631 shares of the company’s stock after purchasing an additional 3,009 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Nexstar Media Group were worth $12,263,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Nexstar Media Group by 27,180.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after buying an additional 1,202,453 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Nexstar Media Group during the 4th quarter valued at approximately $35,560,000. Raymond James Financial Inc. acquired a new stake in Nexstar Media Group during the 4th quarter worth approximately $8,402,000. World Investment Advisors LLC purchased a new position in shares of Nexstar Media Group in the 3rd quarter valued at approximately $3,747,000. Finally, SGL Investment Advisors Inc. acquired a new position in shares of Nexstar Media Group in the third quarter valued at approximately $3,758,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NXST shares. Barrington Research reiterated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Guggenheim boosted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Benchmark increased their target price on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.43.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Andrew Alford sold 3,768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total transaction of $685,700.64. Following the completion of the transaction, the insider now directly owns 5,405 shares of the company’s stock, valued at $983,601.90. This trade represents a 41.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 32,096 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now directly owns 806,019 shares in the company, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 39,105 shares of company stock worth $6,722,463. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $176.45 on Friday. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50 day simple moving average is $162.36 and its 200-day simple moving average is $164.59. 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 posted its 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). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share 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. Investors of record on Wednesday, February 12th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.22%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is presently 34.56%.

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.