Nexstar Media Group, Inc. $NXST is Capital Management Corp VA’s 4th Largest Position

Capital Management Corp VA trimmed its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 18.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,651 shares of the company’s stock after selling 29,799 shares during the period. Nexstar Media Group accounts for about 4.2% of Capital Management Corp VA’s holdings, making the stock its 4th largest holding. Capital Management Corp VA’s holdings in Nexstar Media Group were worth $25,920,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NXST. Torren Management LLC purchased a new stake in Nexstar Media Group during the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Nexstar Media Group during the 3rd quarter worth about $28,000. Root Financial Partners LLC purchased a new stake in Nexstar Media Group during the 3rd quarter worth about $31,000. WPG Advisers LLC lifted its holdings in Nexstar Media Group by 65.7% during the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Nexstar Media Group by 164.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock worth $40,000 after buying an additional 125 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXST has been the subject of a number of recent analyst reports. Guggenheim lifted their price target on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $252.00 to $220.00 in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Nexstar Media Group from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Barrington Research reiterated an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company lifted their target price on Nexstar Media Group from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.33.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $202.37 on Friday. The stock has a market capitalization of $6.14 billion, a PE ratio of 68.83, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97. Nexstar Media Group, Inc. has a 52-week low of $146.06 and a 52-week high of $254.30. The stock’s 50-day moving average price is $215.57 and its 200 day moving average price is $207.78. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 3.05.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, May 15th. Nexstar Media Group’s payout ratio is 253.06%.

Nexstar Media Group Company Profile

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.