2,796 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,796 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXST. SRS Capital Advisors Inc. boosted its position in Nexstar Media Group by 350.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock worth $37,000 after acquiring an additional 186 shares during the last quarter. OLD Second National Bank of Aurora purchased a new position in Nexstar Media Group during the fourth quarter worth about $45,000. Itau Unibanco Holding S.A. purchased a new position in Nexstar Media Group during the third quarter worth about $65,000. Signaturefd LLC raised its stake in Nexstar Media Group by 20.3% during the fourth quarter. Signaturefd LLC now owns 420 shares of the company’s stock worth $66,000 after purchasing an additional 71 shares during the period. Finally, Arlington Trust Co LLC purchased a new position in Nexstar Media Group during the fourth quarter worth about $81,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of analyst reports. Rosenblatt Securities reduced their target price on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.83.

Nexstar Media Group Trading Up 5.8 %

Shares of NXST stock traded up $9.83 during trading hours on Thursday, hitting $177.94. The company had a trading volume of 587,333 shares, compared to its average volume of 338,023. The company’s fifty day moving average is $164.90 and its 200 day moving average is $160.59. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.53 and a quick ratio of 1.53. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The stock has a market capitalization of $5.86 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50.

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 company had revenue of $1.30 billion during 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 revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.04 earnings per share. Research analysts expect that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Thursday, May 9th. This represents a $6.76 dividend on an annualized basis and a yield of 3.80%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 70.20%.

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.