Qsemble Capital Management LP Purchases 1,017 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Qsemble Capital Management LP grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 49.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,067 shares of the company’s stock after purchasing an additional 1,017 shares during the period. Qsemble Capital Management LP’s holdings in Nexstar Media Group were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXST. American Century Companies Inc. grew its position in shares of Nexstar Media Group by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 8,319 shares of the company’s stock worth $1,381,000 after buying an additional 732 shares during the period. Bahl & Gaynor Inc. boosted its stake in Nexstar Media Group by 1.1% in the second quarter. Bahl & Gaynor Inc. now owns 99,764 shares of the company’s stock valued at $16,562,000 after acquiring an additional 1,125 shares during the last quarter. Provident Investment Management Inc. boosted its stake in Nexstar Media Group by 30.2% in the second quarter. Provident Investment Management Inc. now owns 5,564 shares of the company’s stock valued at $924,000 after acquiring an additional 1,290 shares during the last quarter. Choreo LLC acquired a new stake in Nexstar Media Group during the 2nd quarter worth $781,000. Finally, Fairbanks Capital Management Inc. raised its position in shares of Nexstar Media Group by 0.6% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 51,362 shares of the company’s stock valued at $8,527,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 4.0 %

NASDAQ:NXST opened at $166.97 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.78 and a quick ratio of 1.78. The business’s 50-day simple moving average is $170.01 and its 200-day simple moving average is $165.61. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.27. The stock has a market capitalization of $5.39 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.18 and a beta of 1.49.

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

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, August 9th. Nexstar Media Group’s payout ratio is presently 57.19%.

Wall Street Analyst Weigh In

NXST has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Benchmark restated a “buy” rating and set a $225.00 target price on shares of Nexstar Media Group in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $201.67.

Insiders Place Their Bets

In other news, EVP Rachel Morgan sold 6,196 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $171.30, for a total value of $1,061,374.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Rachel Morgan sold 6,196 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $171.30, for a total value of $1,061,374.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now owns 7,975 shares in the company, valued at $1,276,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,436 shares of company stock worth $2,871,152. Corporate insiders own 5.90% of the company’s stock.

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.