Tributary Capital Management LLC Has $1.52 Million Stock Holdings in Nexstar Media Group, Inc. $NXST

Tributary Capital Management LLC increased its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 63.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,678 shares of the company’s stock after buying an additional 2,994 shares during the quarter. Tributary Capital Management LLC’s holdings in Nexstar Media Group were worth $1,518,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Nexstar Media Group during the first quarter worth about $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after purchasing an additional 5,251 shares in the last quarter. Millennium Management LLC raised its holdings in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after buying an additional 61,830 shares during the period. United Services Automobile Association bought a new position in Nexstar Media Group in the first quarter valued at approximately $338,000. Finally, Empowered Funds LLC boosted its holdings in shares of Nexstar Media Group by 158.7% in the first quarter. Empowered Funds LLC now owns 66,156 shares of the company’s stock valued at $11,856,000 after buying an additional 40,581 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Nexstar Media Group Trading Down 0.4%

Shares of Nexstar Media Group stock opened at $205.81 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. The business has a fifty day simple moving average of $196.51 and a two-hundred day simple moving average of $194.88. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $223.36. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.78 and a beta of 0.84.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.48). The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Nexstar Media Group had a net margin of 10.02% and a return on equity of 22.99%. Nexstar Media Group’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.27 earnings per share. Research analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, November 12th. Nexstar Media Group’s dividend payout ratio is currently 46.13%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NXST. Citigroup reduced their target price on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $222.38.

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.