Millennium Management LLC Sells 440,011 Shares of Nexstar Media Group Inc (NXST)

Millennium Management LLC trimmed its position in Nexstar Media Group Inc (NASDAQ:NXST) by 74.9% during the fourth quarter, HoldingsChannel reports. The firm owned 147,516 shares of the company’s stock after selling 440,011 shares during the period. Millennium Management LLC’s holdings in Nexstar Media Group were worth $11,536,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NXST. Hound Partners LLC purchased a new position in Nexstar Media Group in the 4th quarter valued at about $285,716,000. Cardinal Capital Management LLC CT lifted its holdings in Nexstar Media Group by 61.1% in the 4th quarter. Cardinal Capital Management LLC CT now owns 1,134,842 shares of the company’s stock valued at $88,745,000 after purchasing an additional 430,454 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Nexstar Media Group by 234.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 394,850 shares of the company’s stock valued at $24,600,000 after purchasing an additional 276,679 shares in the last quarter. Simcoe Capital Management LLC lifted its holdings in Nexstar Media Group by 67.8% in the 4th quarter. Simcoe Capital Management LLC now owns 605,970 shares of the company’s stock valued at $47,387,000 after purchasing an additional 244,785 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in Nexstar Media Group in the 4th quarter valued at about $18,310,000.

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A number of research analysts have issued reports on NXST shares. BidaskClub lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Noble Financial restated a “buy” rating on shares of Nexstar Media Group in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Wednesday, February 7th. Wells Fargo restated an “outperform” rating and issued a $102.00 target price (up from $93.00) on shares of Nexstar Media Group in a report on Thursday, January 4th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $95.00 target price on shares of Nexstar Media Group in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Nexstar Media Group presently has an average rating of “Buy” and a consensus price target of $87.67.

Shares of NXST stock opened at $65.25 on Friday. The stock has a market cap of $2,990.19, a PE ratio of 16.39, a P/E/G ratio of 0.61 and a beta of 1.77. Nexstar Media Group Inc has a 1-year low of $55.95 and a 1-year high of $82.95. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.57 and a current ratio of 1.57.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.23. The business had revenue of $653.66 million for the quarter, compared to analyst estimates of $645.98 million. Nexstar Media Group had a net margin of 19.53% and a return on equity of 14.44%. The company’s revenue was up 110.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. analysts forecast that Nexstar Media Group Inc will post 8.49 earnings per share for the current fiscal year.

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Nexstar Media Group Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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