United Services Automobile Association lessened its stake in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,423 shares of the company’s stock after selling 6,051 shares during the quarter. United Services Automobile Association owned 0.10% of Nexstar Media Group worth $3,651,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NXST. FMR LLC lifted its position in shares of Nexstar Media Group by 41.1% during the 3rd quarter. FMR LLC now owns 1,905,120 shares of the company’s stock worth $155,077,000 after buying an additional 555,253 shares during the period. Hound Partners LLC increased its holdings in Nexstar Media Group by 10.8% during the 3rd quarter. Hound Partners LLC now owns 3,195,552 shares of the company’s stock valued at $260,118,000 after purchasing an additional 310,546 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Nexstar Media Group during the 3rd quarter valued at $15,972,000. Victory Capital Management Inc. acquired a new stake in Nexstar Media Group during the 4th quarter valued at $12,654,000. Finally, Kavi Asset Management LP acquired a new stake in Nexstar Media Group during the 3rd quarter valued at $10,032,000.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Nexstar Media Group from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Saturday, February 23rd. Benchmark reaffirmed a “buy” rating and set a $120.00 price target (up from $115.00) on shares of Nexstar Media Group in a report on Thursday. Barrington Research reaffirmed a “buy” rating and set a $110.00 price target on shares of Nexstar Media Group in a report on Tuesday, February 26th. BidaskClub cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, Wolfe Research assumed coverage on Nexstar Media Group in a report on Friday, December 7th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.50.
Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Tuesday, February 26th. The company reported $3.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.32). The firm had revenue of $798.02 million during the quarter, compared to analyst estimates of $787.00 million. Nexstar Media Group had a net margin of 14.08% and a return on equity of 23.72%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $7.97 earnings per share. As a group, equities research analysts expect that Nexstar Media Group Inc will post 6.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were paid a $0.45 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $0.38. This represents a $1.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, February 7th. Nexstar Media Group’s dividend payout ratio (DPR) is 21.08%.
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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. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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