FourThought Financial Partners LLC Trims Stock Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

FourThought Financial Partners LLC cut its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,383 shares of the company’s stock after selling 154 shares during the quarter. FourThought Financial Partners LLC’s holdings in Nexstar Media Group were worth $374,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Nexstar Media Group by 2.9% in the 3rd quarter. HighTower Advisors LLC now owns 190,972 shares of the company’s stock worth $27,322,000 after acquiring an additional 5,389 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of Nexstar Media Group by 156.5% in the 3rd quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock worth $34,218,000 after acquiring an additional 145,617 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Nexstar Media Group by 3.4% in the 4th quarter. Copeland Capital Management LLC now owns 519,567 shares of the company’s stock valued at $81,442,000 after purchasing an additional 16,928 shares during the period. American Century Companies Inc. grew its holdings in shares of Nexstar Media Group by 519.6% in the 3rd quarter. American Century Companies Inc. now owns 51,659 shares of the company’s stock valued at $7,406,000 after acquiring an additional 43,322 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Nexstar Media Group by 72.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,182 shares of the company’s stock worth $1,747,000 after acquiring an additional 5,121 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Nexstar Media Group Trading Up 1.3 %

Shares of Nexstar Media Group stock traded up $2.19 on Monday, reaching $168.75. The company had a trading volume of 46,740 shares, compared to its average volume of 334,070. Nexstar Media Group, Inc. has a 1 year low of $132.30 and a 1 year high of $187.32. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.62 and a beta of 1.50. The firm’s 50-day moving average price is $164.36 and its two-hundred day moving average price is $160.05.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.42 by ($1.10). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the firm earned $8.04 EPS. As a group, research analysts predict that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.76 annualized dividend and a dividend yield of 4.01%. Nexstar Media Group’s payout ratio is currently 70.20%.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 31,758 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the transaction, the chief executive officer now owns 636,788 shares in the company, valued at $101,032,784.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Sean Compton sold 3,000 shares of Nexstar Media Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $162.61, for a total value of $487,830.00. Following the completion of the transaction, the insider now owns 9,489 shares of the company’s stock, valued at approximately $1,543,006.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Perry A. Sook sold 31,758 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the sale, the chief executive officer now owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The disclosure for this sale can be found here. Insiders have sold 46,508 shares of company stock worth $7,487,950 in the last quarter. 5.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXST. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, March 7th. Rosenblatt Securities lowered their price objective on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, TheStreet upgraded Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.83.

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.