ING Groep NV Acquires New Holdings in Nexstar Media Group, Inc. $NXST

ING Groep NV acquired a new position in Nexstar Media Group, Inc. (NASDAQ:NXST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,543 shares of the company’s stock, valued at approximately $5,446,000. ING Groep NV owned approximately 0.09% of Nexstar Media Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXST. IFP Advisors Inc increased its holdings in shares of Nexstar Media Group by 375.0% in the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Root Financial Partners LLC bought a new stake in Nexstar Media Group during the third quarter valued at about $31,000. Hantz Financial Services Inc. boosted its position in Nexstar Media Group by 164.5% during the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Allworth Financial LP grew its stake in Nexstar Media Group by 617.2% in the second quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares during the last quarter. Finally, First Horizon Corp bought a new position in Nexstar Media Group in the third quarter worth about $44,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $235.28 on Friday. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $254.30. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.91 and a beta of 0.85. The stock’s 50-day simple moving average is $210.27 and its 200-day simple moving average is $201.26.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 13th. Nexstar Media Group’s payout ratio is presently 46.13%.

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup decreased their target price on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.50.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.