Janus Henderson Group PLC Acquires Shares of 2,005 Nexstar Media Group Inc (NASDAQ:NXST)

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Janus Henderson Group PLC acquired a new stake in Nexstar Media Group Inc (NASDAQ:NXST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,005 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also made changes to their positions in the business. Private Capital Group LLC grew its position in shares of Nexstar Media Group by 46.3% during the 1st quarter. Private Capital Group LLC now owns 392 shares of the company’s stock worth $42,000 after buying an additional 124 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Nexstar Media Group during the 1st quarter worth $54,000. FNY Investment Advisers LLC bought a new position in shares of Nexstar Media Group during the 2nd quarter worth $80,000. State of Alaska Department of Revenue grew its position in shares of Nexstar Media Group by 125.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,384 shares of the company’s stock worth $139,000 after buying an additional 771 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its position in shares of Nexstar Media Group by 6.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,714 shares of the company’s stock worth $173,000 after buying an additional 98 shares in the last quarter. 98.53% of the stock is currently owned by institutional investors.

In other news, Director Dennis Miller sold 625 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $102.17, for a total value of $63,856.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.40% of the company’s stock.

A number of research firms have recently issued reports on NXST. Barrington Research reissued a “buy” rating and set a $135.00 price target on shares of Nexstar Media Group in a research report on Wednesday, August 7th. ValuEngine downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub raised Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Finally, B. Riley set a $139.00 price objective on Nexstar Media Group and gave the stock a “buy” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $121.29.

Nexstar Media Group stock opened at $92.20 on Wednesday. The stock has a 50-day moving average of $100.09 and a two-hundred day moving average of $103.40. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.57 and a current ratio of 1.57. Nexstar Media Group Inc has a one year low of $70.09 and a one year high of $119.93. The stock has a market cap of $4.25 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Nexstar Media Group had a return on equity of 21.05% and a net margin of 13.61%. The company had revenue of $649.01 million during the quarter, compared to analysts’ expectations of $653.00 million. During the same period last year, the business posted $1.86 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Nexstar Media Group Inc will post 6.3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, August 8th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 21.08%.

About Nexstar Media Group

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

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