Bruni J V & Co. Co. Has $31.91 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bruni J V & Co. Co. trimmed its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.7% during the third quarter, HoldingsChannel.com reports. The fund owned 193,000 shares of the company’s stock after selling 1,359 shares during the quarter. Nexstar Media Group makes up 3.6% of Bruni J V & Co. Co.’s portfolio, making the stock its 13th biggest position. Bruni J V & Co. Co.’s holdings in Nexstar Media Group were worth $31,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC increased its stake in shares of Nexstar Media Group by 6.7% in the 3rd quarter. Pathstone Holdings LLC now owns 22,009 shares of the company’s stock valued at $3,639,000 after purchasing an additional 1,388 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Nexstar Media Group by 661.4% in the third quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after acquiring an additional 7,533 shares during the last quarter. Evergreen Wealth Management LLC acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $2,635,000. Natixis Advisors LLC increased its position in Nexstar Media Group by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock worth $1,684,000 after purchasing an additional 117 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its position in Nexstar Media Group by 18.5% in the third quarter. Zions Bancorporation N.A. now owns 12,226 shares of the company’s stock valued at $2,022,000 after buying an additional 1,905 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Andrew Alford sold 3,175 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total value of $532,828.50. Following the sale, the insider now owns 9,173 shares of the company’s stock, valued at approximately $1,539,412.86. The trade was a 25.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Perry A. Sook sold 12,239 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the sale, the chief executive officer now owns 674,694 shares in the company, valued at approximately $128,380,774.32. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,437 shares of company stock worth $8,429,561. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Wells Fargo & Company decreased their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, November 7th. Finally, Guggenheim dropped their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.50.

Nexstar Media Group Stock Up 0.2 %

Shares of NASDAQ NXST opened at $162.18 on Tuesday. 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 company has a 50-day moving average price of $168.61 and a 200-day moving average price of $167.16. The stock has a market capitalization of $5.03 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.19 and a beta of 1.48. Nexstar Media Group, Inc. has a 1 year low of $141.38 and a 1 year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. During the same period in the prior year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $1.69 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.17%. Nexstar Media Group’s payout ratio is presently 39.10%.

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.