250 Shares in Nexstar Media Group, Inc. $NXST Bought by LRI Investments LLC

LRI Investments LLC purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the second quarter, HoldingsChannel.com reports. The firm purchased 250 shares of the company’s stock, valued at approximately $43,000.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Nexstar Media Group by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company’s stock worth $240,481,000 after purchasing an additional 10,544 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Nexstar Media Group by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company’s stock worth $203,964,000 after purchasing an additional 35,938 shares during the period. Demars Financial Group LLC boosted its stake in Nexstar Media Group by 13.6% during the 1st quarter. Demars Financial Group LLC now owns 879,253 shares of the company’s stock worth $157,580,000 after purchasing an additional 105,516 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Nexstar Media Group by 32.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock worth $144,110,000 after purchasing an additional 195,574 shares during the period. Finally, Northern Trust Corp boosted its stake in Nexstar Media Group by 7.9% during the 1st quarter. Northern Trust Corp now owns 499,896 shares of the company’s stock worth $89,591,000 after purchasing an additional 36,757 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $194.46 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $223.36. The stock has a market cap of $5.90 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The firm’s fifty day simple moving average is $201.72 and its 200-day simple moving average is $180.59.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted $3.54 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.8%. Nexstar Media Group’s dividend payout ratio is 38.63%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NXST shares. Benchmark increased their price target on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Guggenheim upped their price objective on shares of Nexstar Media Group from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Nexstar Media Group in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

About Nexstar Media Group

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.