Mirae Asset Global Investments Co. Ltd. Buys New Stake in Nexstar Media Group, Inc. $NXST

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,599 shares of the company’s stock, valued at approximately $4,459,000.

Several other hedge funds have also recently bought and sold shares of NXST. Childress Capital Advisors LLC raised its stake in shares of Nexstar Media Group by 9.0% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,599 shares of the company’s stock valued at $258,000 after acquiring an additional 132 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Nexstar Media Group by 37.6% during the third quarter. Asset Management One Co. Ltd. now owns 2,351 shares of the company’s stock worth $380,000 after purchasing an additional 643 shares during the period. Verdence Capital Advisors LLC boosted its position in Nexstar Media Group by 3.5% during the third quarter. Verdence Capital Advisors LLC now owns 19,931 shares of the company’s stock worth $3,220,000 after purchasing an additional 682 shares during the period. Equity Wealth Partners LLC grew its holdings in Nexstar Media Group by 23.4% during the third quarter. Equity Wealth Partners LLC now owns 4,560 shares of the company’s stock valued at $737,000 after purchasing an additional 865 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Nexstar Media Group by 94.9% during the third quarter. Signaturefd LLC now owns 606 shares of the company’s stock valued at $98,000 after purchasing an additional 295 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Nexstar Media Group Stock Performance

Nexstar Media Group stock traded up $2.05 during mid-day trading on Friday, reaching $190.02. The company had a trading volume of 484,758 shares, compared to its average volume of 301,882. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 5.09. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 17.29 and a beta of 0.97. The company has a 50 day moving average of $167.80 and a 200-day moving average of $191.75. Nexstar Media Group, Inc. has a 52 week low of $153.17 and a 52 week high of $254.30.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, November 5th. The company reported $7.92 EPS for the quarter, missing analysts’ consensus estimates of $8.08 by ($0.16). Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $2.14 EPS. The firm’s quarterly revenue was up 78.0% on a year-over-year basis. On average, sell-side analysts expect that Nexstar Media Group, Inc. will post 32.88 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, November 13th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 142.80%.

Key Nexstar Media Group News

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Wells Fargo raised its price target to $250 from $249 and reaffirmed its Overweight rating. The new target implies about 31.6% upside from the cited $190.02 share price. Wells Fargo rating information
• Positive Sentiment: Third-quarter revenue reached a record $2.13 billion, up 78% year over year and above the $2.07 billion analyst estimate. Nexstar said political advertising revenue reached a record $1.1 billion for 2026, 31% higher than in the 2022 midterm cycle, providing a major boost to results. Nexstar Q3 revenue and political advertising
• Negative Sentiment: Adjusted earnings were $7.92 per share, below the $8.08 consensus estimate. The earnings miss tempers the otherwise strong revenue growth. Nexstar Q3 earnings results

Insider Transactions at Nexstar Media Group

In related news, insider Dana Zimmer sold 4,008 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $187.46, for a total value of $751,339.68. Following the completion of the transaction, the insider directly owned 1,792 shares of the company’s stock, valued at $335,928.32. This trade represents a 69.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Alford sold 2,823 shares of Nexstar Media Group stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $165.69, for a total transaction of $467,742.87. Following the sale, the insider owned 11,726 shares in the company, valued at $1,942,880.94. This represents a 19.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,596 shares of company stock worth $1,733,169 over the last quarter. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NXST. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating for the company in a report on Monday, August 10th. Zacks Research lowered Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wells Fargo & Company boosted their price objective on Nexstar Media Group from $249.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Monday, August 24th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.67.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.