Nisa Investment Advisors LLC Purchases 7,470 Shares of Nexstar Media Group, Inc. $NXST

Nisa Investment Advisors LLC lifted its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 160.3% during the 3rd quarter, Holdings Channel reports. The firm owned 12,131 shares of the company’s stock after purchasing an additional 7,470 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nexstar Media Group were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NXST. Wedge Capital Management L L P NC grew its stake in Nexstar Media Group by 110.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,751 shares of the company’s stock valued at $5,145,000 after buying an additional 15,628 shares during the last quarter. Caitlin John LLC acquired a new position in Nexstar Media Group in the 2nd quarter valued at $263,000. Pacer Advisors Inc. increased its position in Nexstar Media Group by 43.3% during the 3rd quarter. Pacer Advisors Inc. now owns 430,913 shares of the company’s stock worth $85,209,000 after buying an additional 130,283 shares during the period. Momentum Wealth Planning LLC bought a new position in Nexstar Media Group during the 2nd quarter worth $2,798,000. Finally, D.A. Davidson & CO. grew its stake in shares of Nexstar Media Group by 12.3% in the second quarter. D.A. Davidson & CO. now owns 2,024 shares of the company’s stock valued at $350,000 after acquiring an additional 222 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Citigroup dropped their price target on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.38.

Nexstar Media Group Stock Performance

NXST stock opened at $206.32 on Wednesday. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $223.36. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. The stock has a 50-day moving average price of $197.46 and a 200-day moving average price of $196.01. The firm has a market cap of $6.26 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.80 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 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.48). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.27 EPS. As a group, equities research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend 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%.

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.