John G Ullman & Associates Inc. Trims Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

John G Ullman & Associates Inc. cut its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,018 shares of the company’s stock after selling 325 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Nexstar Media Group were worth $4,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Nexstar Media Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after buying an additional 68 shares during the period. Natixis Advisors LLC grew 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 valued at $1,684,000 after purchasing an additional 117 shares during the last quarter. Davis Capital Management grew its position in Nexstar Media Group by 2.0% during the 4th quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after purchasing an additional 122 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Nexstar Media Group by 5.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,518 shares of the company’s stock valued at $398,000 after purchasing an additional 137 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Nexstar Media Group by 1.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,127 shares of the company’s stock valued at $1,600,000 after purchasing an additional 140 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 35,205 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $162.13, for a total transaction of $5,707,786.65. Following the sale, the chief executive officer now owns 674,694 shares in the company, valued at approximately $109,388,138.22. This trade represents a 4.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee Ann Gliha sold 330 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total transaction of $52,215.90. Following the sale, the chief financial officer now owns 8,610 shares in the company, valued at approximately $1,362,360.30. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,493 shares of company stock worth $20,354,366 in the last quarter. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Benchmark increased their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim increased their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday. Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $190.00 to $200.00 in a research report on Friday. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $210.29.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $169.15 on Friday. The firm’s 50 day moving average price is $155.29 and its 200-day moving average price is $163.44. Nexstar Media Group, Inc. has a twelve month low of $146.04 and a twelve month high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $5.25 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Wednesday, February 12th. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio is 43.03%.

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.