New York State Common Retirement Fund Sells 34,840 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

New York State Common Retirement Fund trimmed its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 214,839 shares of the company’s stock after selling 34,840 shares during the period. New York State Common Retirement Fund’s holdings in Nexstar Media Group were worth $33,676,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. OLD Second National Bank of Aurora bought a new position in Nexstar Media Group in the 4th quarter valued at $45,000. Signaturefd LLC boosted its position in Nexstar Media Group by 20.3% in the 4th quarter. Signaturefd LLC now owns 420 shares of the company’s stock valued at $66,000 after buying an additional 71 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Nexstar Media Group in the 3rd quarter valued at $65,000. Arlington Trust Co LLC bought a new position in Nexstar Media Group in the 4th quarter valued at $81,000. Finally, Huntington National Bank boosted its position in Nexstar Media Group by 95.2% in the 3rd quarter. Huntington National Bank now owns 652 shares of the company’s stock valued at $93,000 after buying an additional 318 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Rosenblatt Securities decreased their price objective on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. TheStreet raised Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.83.

Nexstar Media Group Stock Performance

Shares of Nexstar Media Group stock opened at $160.98 on Friday. The company has a market capitalization of $5.38 billion, a PE ratio of 16.72, a PEG ratio of 0.61 and a beta of 1.50. Nexstar Media Group, Inc. has a 12 month low of $132.30 and a 12 month high of $187.32. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.90. The stock’s fifty day simple moving average is $165.53 and its 200 day simple moving average is $158.95.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $8.04 EPS. On average, research analysts predict that Nexstar Media Group, Inc. will post 26.73 EPS for the current year.

Insiders Place Their Bets

In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the completion of the transaction, the director now owns 12,027 shares in the company, valued at approximately $2,054,452.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the completion of the transaction, the director now owns 12,027 shares in the company, valued at approximately $2,054,452.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 3,175 shares of Nexstar Media Group stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $168.00, for a total value of $533,400.00. Following the completion of the sale, the director now directly owns 5,252 shares in the company, valued at approximately $882,336. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,508 shares of company stock worth $7,487,950. Corporate insiders own 5.90% of the company’s stock.

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.