Nexstar Media Group, Inc. $NXST Stock Holdings Reduced by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 31.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,850 shares of the company’s stock after selling 6,755 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Nexstar Media Group were worth $2,936,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Nexstar Media Group in the first quarter worth approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nexstar Media Group by 49.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after acquiring an additional 5,251 shares in the last quarter. Millennium Management LLC increased its stake in shares of Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after purchasing an additional 61,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after purchasing an additional 16,637 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Nexstar Media Group during the 1st quarter valued at $654,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Stock Up 2.0%

Nexstar Media Group stock opened at $238.07 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $254.30. The firm has a fifty day moving average price of $213.19 and a two-hundred day moving average price of $202.62. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.91 and a beta of 0.85.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $1.86 per share. The ex-dividend date is Friday, February 13th. This represents a $7.44 annualized dividend and a yield of 3.1%. Nexstar Media Group’s dividend payout ratio is presently 46.13%.

Analyst Ratings Changes

NXST has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Citigroup decreased their price target on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.