PYA Waltman Capital LLC Sells 9,868 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

PYA Waltman Capital LLC decreased its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST – Get Rating) by 23.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,452 shares of the company’s stock after selling 9,868 shares during the quarter. Nexstar Media Group accounts for approximately 2.9% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 12th biggest holding. PYA Waltman Capital LLC owned 0.08% of Nexstar Media Group worth $5,928,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NXST. National Asset Management Inc. lifted its position in Nexstar Media Group by 5.6% in the 4th quarter. National Asset Management Inc. now owns 2,450 shares of the company’s stock valued at $371,000 after acquiring an additional 131 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Nexstar Media Group in the 4th quarter valued at about $5,631,000. CWM LLC purchased a new stake in Nexstar Media Group in the 4th quarter valued at about $242,000. Assenagon Asset Management S.A. purchased a new stake in Nexstar Media Group in the 4th quarter valued at about $2,354,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nexstar Media Group by 0.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,510 shares of the company’s stock valued at $1,889,000 after buying an additional 108 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.

Nexstar Media Group Trading Down 0.6 %

Shares of NXST stock opened at $194.03 on Friday. The company has a 50 day moving average of $172.71 and a 200-day moving average of $173.59. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 2.47. Nexstar Media Group, Inc. has a 12-month low of $138.80 and a 12-month high of $197.22. The firm has a market cap of $7.84 billion, a P/E ratio of 8.97, a PEG ratio of 0.74 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $5.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $0.10. Nexstar Media Group had a net margin of 18.79% and a return on equity of 32.55%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $4.51 EPS. Nexstar Media Group’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Nexstar Media Group, Inc. will post 26.4 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, August 10th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 16.64%.

Insider Buying and Selling

In related news, insider Dana Zimmer sold 1,191 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $173.86, for a total value of $207,067.26. Following the completion of the transaction, the insider now directly owns 4,661 shares of the company’s stock, valued at approximately $810,361.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Dana Zimmer sold 1,191 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $173.86, for a total value of $207,067.26. Following the completion of the transaction, the insider now directly owns 4,661 shares of the company’s stock, valued at approximately $810,361.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gary Weitman sold 3,202 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $168.20, for a total transaction of $538,576.40. Following the completion of the transaction, the insider now directly owns 2,783 shares of the company’s stock, valued at $468,100.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,960 shares of company stock valued at $2,233,523. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nexstar Media Group from $216.00 to $225.00 in a research note on Thursday, May 12th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Rosenblatt Securities increased their price objective on shares of Nexstar Media Group to $181.00 and gave the company a “na” rating in a research note on Monday, May 16th. Finally, Guggenheim increased their price objective on shares of Nexstar Media Group from $210.00 to $220.00 in a research note on Wednesday, May 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $210.57.

Nexstar Media Group Profile

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Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.