Hohimer Wealth Management LLC Has $2.30 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Hohimer Wealth Management LLC lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,665 shares of the company’s stock after selling 332 shares during the period. Hohimer Wealth Management LLC’s holdings in Nexstar Media Group were worth $2,299,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of Nexstar Media Group by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 190,972 shares of the company’s stock worth $27,322,000 after purchasing an additional 5,389 shares in the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Nexstar Media Group by 156.5% during the 3rd quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock worth $34,218,000 after acquiring an additional 145,617 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Nexstar Media Group by 3.4% during the 4th quarter. Copeland Capital Management LLC now owns 519,567 shares of the company’s stock worth $81,442,000 after acquiring an additional 16,928 shares during the period. American Century Companies Inc. lifted its holdings in shares of Nexstar Media Group by 519.6% during the 3rd quarter. American Century Companies Inc. now owns 51,659 shares of the company’s stock worth $7,406,000 after acquiring an additional 43,322 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Nexstar Media Group by 72.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,182 shares of the company’s stock worth $1,747,000 after acquiring an additional 5,121 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, May 9th. Wells Fargo & Company raised shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $221.00 in a research note on Monday, May 13th. Rosenblatt Securities dropped their price objective on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research note on Friday, May 10th. Finally, TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Nexstar Media Group Stock Down 2.3 %

NASDAQ:NXST traded down $3.70 during trading hours on Thursday, reaching $157.72. The company had a trading volume of 178,335 shares, compared to its average volume of 336,837. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.85. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 0.59 and a beta of 1.50. The business’s 50-day simple moving average is $166.23 and its two-hundred day simple moving average is $162.52. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.32.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, May 9th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.28 by $0.88. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Nexstar Media Group had a net margin of 8.29% and a return on equity of 17.18%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $2.97 earnings per share. On average, equities analysts expect that Nexstar Media Group, Inc. will post 27.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Thursday, May 9th. Nexstar Media Group’s dividend payout ratio is currently 57.19%.

Insider Activity

In related news, CEO Perry A. Sook sold 31,758 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the transaction, the chief executive officer now directly owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sean Compton sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $162.61, for a total transaction of $487,830.00. Following the transaction, the insider now directly owns 9,489 shares of the company’s stock, valued at $1,543,006.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Perry A. Sook sold 31,758 shares of Nexstar Media Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the sale, the chief executive officer now directly owns 636,788 shares in the company, valued at approximately $101,032,784.08. The disclosure for this sale can be found here. Insiders sold 48,848 shares of company stock worth $7,877,745 over the last three months. 5.90% of the stock is currently owned by insiders.

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.