Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $1.08 Million Position in Nexstar Media Group, Inc. $NXST

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) in the fourth quarter, Holdings Channel reports. The firm purchased 5,298 shares of the company’s stock, valued at approximately $1,076,000.

A number of other institutional investors have also made changes to their positions in NXST. Torren Management LLC bought a new stake in shares of Nexstar Media Group in the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $31,000. WPG Advisers LLC increased its holdings in shares of Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Nexstar Media Group by 164.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Price Performance

Shares of NXST opened at $188.67 on Friday. The company has a market cap of $5.76 billion, a P/E ratio of 40.49, a PEG ratio of 0.48 and a beta of 0.97. The stock has a fifty day moving average price of $202.30 and a 200 day moving average price of $208.02. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. Nexstar Media Group, Inc. has a 12 month low of $164.00 and a 12 month high of $254.30.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, May 15th. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Insiders Place Their Bets

In other Nexstar Media Group news, insider Sean Compton sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the insider owned 11,252 shares in the company, valued at approximately $2,205,392. The trade was a 30.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dan Lanzano sold 237 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $196.37, for a total value of $46,539.69. The disclosure for this sale is available in the SEC filing. 6.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NXST shares. Guggenheim boosted their price target on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup upgraded Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $252.00 to $220.00 in a report on Friday, April 10th. Barrington Research restated an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company lowered their price objective on Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $259.67.

Nexstar Media Group Company 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.