Cookson Peirce & Co. Inc. Purchases 415 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Cookson Peirce & Co. Inc. boosted its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 14.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,346 shares of the company’s stock after buying an additional 415 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Nexstar Media Group were worth $529,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NXST. Wealth Enhancement Advisory Services LLC grew its position in Nexstar Media Group by 43.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,419 shares of the company’s stock valued at $1,061,000 after buying an additional 1,951 shares during the period. Farther Finance Advisors LLC grew its position in Nexstar Media Group by 137.7% during the third quarter. Farther Finance Advisors LLC now owns 4,373 shares of the company’s stock valued at $723,000 after buying an additional 2,533 shares during the period. Harbor Capital Advisors Inc. grew its position in Nexstar Media Group by 159.3% during the third quarter. Harbor Capital Advisors Inc. now owns 9,987 shares of the company’s stock valued at $1,651,000 after buying an additional 6,136 shares during the period. QRG Capital Management Inc. grew its position in Nexstar Media Group by 7.6% during the third quarter. QRG Capital Management Inc. now owns 4,532 shares of the company’s stock valued at $749,000 after buying an additional 322 shares during the period. Finally, Olympiad Research LP bought a new position in Nexstar Media Group during the third quarter valued at about $265,000. Institutional investors own 95.30% of the company’s stock.

Insider Activity at Nexstar Media Group

In related news, 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 value of $150,500.00. Following the sale, the director now directly owns 5,752 shares of the company’s stock, valued at $989,344. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at $328,900. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 161,589 shares of company stock valued at $26,171,210 over the last three months. 6.30% of the stock is owned by corporate insiders.

Nexstar Media Group Trading Down 0.1 %

Shares of Nexstar Media Group stock opened at $169.63 on Thursday. Nexstar Media Group, Inc. has a 12-month low of $146.04 and a 12-month high of $191.86. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.45 and a beta of 1.45. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The company’s 50-day moving average price is $155.78 and its 200-day moving average price is $163.59.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results 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 firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. On average, equities analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.39%. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date of this dividend was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is presently 34.56%.

Analysts Set New Price Targets

Several research firms recently weighed in on NXST. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price target for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Benchmark upped their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. Guggenheim upped their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Wednesday. Finally, StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $210.29.

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.