Pacer Advisors Inc. Has $190.65 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Pacer Advisors Inc. lifted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 27,180.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,206,877 shares of the company’s stock after buying an additional 1,202,453 shares during the period. Pacer Advisors Inc. owned about 3.89% of Nexstar Media Group worth $190,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NXST. CX Institutional lifted its stake in Nexstar Media Group by 5.0% in the 3rd quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after acquiring an additional 67 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nexstar Media Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after purchasing an additional 68 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Nexstar Media Group by 7.3% during the third quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock worth $181,000 after purchasing an additional 74 shares during the period. Natixis Advisors LLC grew its position in Nexstar Media Group by 1.2% during the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after purchasing an additional 117 shares in the last quarter. Finally, Davis Capital Management increased its stake in Nexstar Media Group by 2.0% in the 4th quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Trading Up 0.9 %

NASDAQ:NXST opened at $157.72 on Monday. The company’s 50 day moving average is $161.79 and its 200-day moving average is $166.94. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.26 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business earned $0.70 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. Equities analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.29%. Nexstar Media Group’s payout ratio is 39.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NXST. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Guggenheim reiterated a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Benchmark restated a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.29.

Insider Buying and Selling at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 750 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the completion of the transaction, the director now owns 6,975 shares of the company’s stock, valued at approximately $1,115,511.75. This represents a 9.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Perry A. Sook sold 37,025 shares of Nexstar Media Group stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $160.14, for a total value of $5,929,183.50. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $108,045,497.16. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,448 shares of company stock valued at $23,828,076 in the last 90 days. 6.30% of the stock is currently owned by insiders.

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.