Personal CFO Solutions LLC Sells 273 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Personal CFO Solutions LLC cut its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,111 shares of the company’s stock after selling 273 shares during the quarter. Personal CFO Solutions LLC’s holdings in Nexstar Media Group were worth $333,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Nexstar Media Group by 67.8% during the third quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after purchasing an additional 10,603 shares during the period. SGL Investment Advisors Inc. bought a new position in Nexstar Media Group in the third quarter valued at approximately $3,758,000. Charles Schwab Investment Management Inc. increased its stake in Nexstar Media Group by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock valued at $179,149,000 after acquiring an additional 7,117 shares during the last quarter. Quest Partners LLC increased its stake in Nexstar Media Group by 661.4% in the third quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after acquiring an additional 7,533 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in Nexstar Media Group by 680.9% in the third quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock valued at $2,847,000 after acquiring an additional 15,014 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Insider Transactions at Nexstar Media Group

In other news, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Weitman sold 1,241 shares of Nexstar Media Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $177.21, for a total transaction of $219,917.61. Following the transaction, the insider now owns 3,975 shares in the company, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 161,955 shares of company stock worth $26,240,628. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXST. Guggenheim lifted their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Benchmark lifted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Barrington Research reissued an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Monday. Finally, StockNews.com cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $208.43.

Nexstar Media Group Stock Performance

Shares of Nexstar Media Group stock opened at $176.94 on Tuesday. Nexstar Media Group, Inc. has a fifty-two week low of $146.04 and a fifty-two week high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $5.40 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.45 and a beta of 1.47. The company’s 50 day moving average price is $156.61 and its two-hundred day moving average price is $163.71.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, equities analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s payout ratio is 34.56%.

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.