KBC Group NV Has $2.72 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

KBC Group NV raised its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1,801.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,230 shares of the company’s stock after buying an additional 16,324 shares during the quarter. KBC Group NV owned 0.06% of Nexstar Media Group worth $2,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXST. Brooklyn Investment Group acquired a new position in shares of Nexstar Media Group during the 3rd quarter valued at $25,000. True Wealth Design LLC acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group during the 3rd quarter worth about $33,000. Capital Performance Advisors LLP acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $44,000. Finally, UMB Bank n.a. raised its stake in Nexstar Media Group by 117.8% during the 3rd quarter. UMB Bank n.a. now owns 294 shares of the company’s stock worth $49,000 after buying an additional 159 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Charles Thomas Mcmillen sold 750 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the completion of the transaction, the director now owns 6,975 shares of the company’s stock, valued at approximately $1,115,511.75. The trade was a 9.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 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 a total of 146,448 shares of company stock worth $23,828,076 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. Guggenheim restated a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. Finally, Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Nexstar Media Group has an average rating of “Moderate Buy” and an average target price of $204.29.

Nexstar Media Group Stock Down 2.3 %

Shares of NASDAQ NXST opened at $153.22 on Friday. 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 stock has a market capitalization of $4.75 billion, a PE ratio of 8.86, a P/E/G ratio of 0.26 and a beta of 1.45. Nexstar Media Group, Inc. has a one year low of $147.25 and a one year high of $191.86. The business’s fifty day moving average price is $160.80 and its 200-day moving average price is $166.42.

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

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.86 per share. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date is Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a yield of 4.86%. Nexstar Media Group’s payout ratio is presently 39.10%.

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.