Dalton Greiner Hartman Maher & Co. raised its position in Nexstar Media Group Inc (NASDAQ:NXST) by 26.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 295,120 shares of the company’s stock after purchasing an additional 60,975 shares during the period. Nexstar Media Group comprises approximately 1.3% of Dalton Greiner Hartman Maher & Co.’s portfolio, making the stock its 29th biggest holding. Dalton Greiner Hartman Maher & Co. owned 0.65% of Nexstar Media Group worth $19,625,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of NXST. Advisor Group Inc. lifted its position in shares of Nexstar Media Group by 86.5% in the fourth quarter. Advisor Group Inc. now owns 2,331 shares of the company’s stock valued at $183,000 after acquiring an additional 1,081 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Nexstar Media Group in the fourth quarter valued at $225,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Nexstar Media Group in the fourth quarter valued at $237,000. SG Americas Securities LLC lifted its position in shares of Nexstar Media Group by 99.7% in the first quarter. SG Americas Securities LLC now owns 3,029 shares of the company’s stock valued at $201,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Nexstar Media Group in the fourth quarter valued at $287,000.
Several brokerages have recently issued reports on NXST. BidaskClub upgraded Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. B. Riley reduced their price objective on Nexstar Media Group to $87.00 and set a “buy” rating on the stock in a research report on Monday, May 21st. Barrington Research reduced their price objective on Nexstar Media Group to $96.00 and set an “outperform” rating on the stock in a research report on Friday, May 11th. Benchmark restated a “buy” rating and issued a $94.00 price objective on shares of Nexstar Media Group in a research report on Thursday, May 10th. Finally, ValuEngine upgraded Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $88.80.
NASDAQ NXST opened at $75.35 on Tuesday. Nexstar Media Group Inc has a twelve month low of $56.65 and a twelve month high of $82.95. The stock has a market cap of $3.40 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.68.
Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Wednesday, May 9th. The company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.11). Nexstar Media Group had a return on equity of 15.56% and a net margin of 20.63%. The business had revenue of $615.34 million for the quarter, compared to analysts’ expectations of $612.37 million. During the same quarter last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts anticipate that Nexstar Media Group Inc will post 8.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.50 annualized dividend and a yield of 1.99%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.
In other news, insider Anthony Katsur sold 1,250 shares of the firm’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $67.16, for a total value of $83,950.00. Following the transaction, the insider now directly owns 1,250 shares in the company, valued at approximately $83,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Jones sold 2,238 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $70.70, for a total value of $158,226.60. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.
Nexstar Media Group Profile
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
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