Simon Quick Advisors LLC Takes Position in Nexstar Media Group, Inc. $NXST

Simon Quick Advisors LLC purchased a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,583 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors have also recently modified their holdings of NXST. Jones Financial Companies Lllp boosted its holdings in shares of Nexstar Media Group by 71,715.8% in the first quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company’s stock valued at $70,790,000 after purchasing an additional 394,437 shares during the period. New Vernon Capital Holdings II LLC purchased a new stake in shares of Nexstar Media Group in the first quarter valued at approximately $60,064,000. Victory Capital Management Inc. boosted its holdings in shares of Nexstar Media Group by 611.5% in the first quarter. Victory Capital Management Inc. now owns 289,668 shares of the company’s stock valued at $51,914,000 after purchasing an additional 248,957 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Nexstar Media Group by 32.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock valued at $144,110,000 after purchasing an additional 195,574 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Nexstar Media Group by 58.3% in the first quarter. Brown Advisory Inc. now owns 352,165 shares of the company’s stock valued at $63,115,000 after purchasing an additional 129,647 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXST. Weiss Ratings reiterated a “buy (b)” rating on shares of Nexstar Media Group in a report on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $225.00 target price on shares of Nexstar Media Group in a report on Tuesday, August 19th. Guggenheim upped their target price on Nexstar Media Group from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Zacks Research upgraded Nexstar Media Group to a “hold” rating in a report on Friday, August 8th. Finally, Benchmark upped their target price on Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Nexstar Media Group Trading Down 0.3%

Shares of NASDAQ:NXST opened at $195.10 on Tuesday. The business’s 50-day moving average is $199.54 and its 200 day moving average is $184.44. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.69 and a quick ratio of 1.69. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $223.36. The firm has a market capitalization of $5.91 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.40 and a beta of 1.01.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company earned $3.54 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Nexstar Media Group’s payout ratio is currently 38.63%.

Nexstar Media Group Company 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.