Nexstar Media Group, Inc. $NXST Stock Holdings Increased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. raised its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,335 shares of the company’s stock after buying an additional 175 shares during the period. Nexstar Media Group comprises approximately 2.0% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 18th biggest position. SGL Investment Advisors Inc. owned approximately 0.08% of Nexstar Media Group worth $4,282,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NXST. Merit Financial Group LLC bought a new stake in shares of Nexstar Media Group during the 1st quarter worth $218,000. Hennion & Walsh Asset Management Inc. increased its stake in Nexstar Media Group by 13.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,862 shares of the company’s stock worth $513,000 after purchasing an additional 344 shares in the last quarter. UMB Bank n.a. raised its holdings in Nexstar Media Group by 68.6% during the 1st quarter. UMB Bank n.a. now owns 536 shares of the company’s stock worth $96,000 after buying an additional 218 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Nexstar Media Group by 2.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 10,412 shares of the company’s stock worth $1,866,000 after buying an additional 285 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Nexstar Media Group during the first quarter valued at about $17,574,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NXST shares. Wells Fargo & Company raised their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nexstar Media Group in a report on Saturday, September 27th. Guggenheim increased their price objective on Nexstar Media Group from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Barrington Research reaffirmed an “outperform” rating and set a $225.00 target price on shares of Nexstar Media Group in a research note on Tuesday, August 19th. Finally, Zacks Research raised shares of Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Nexstar Media Group Price Performance

Shares of NXST opened at $201.88 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $6.12 billion, a PE ratio of 10.48, a PEG ratio of 1.49 and a beta of 1.01. The firm’s 50 day moving average price is $200.60 and its 200 day moving average price is $179.92. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $223.36.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.11. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Nexstar Media Group had a return on equity of 28.40% and a net margin of 11.90%.The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $3.54 earnings per share. As a group, research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, August 15th. Nexstar Media Group’s payout ratio is 38.63%.

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.