Goelzer Investment Management Inc. Sells 434 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Goelzer Investment Management Inc. decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,490 shares of the company’s stock after selling 434 shares during the period. Goelzer Investment Management Inc. owned 0.08% of Nexstar Media Group worth $3,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $25,000. True Wealth Design LLC purchased a new stake in Nexstar Media Group in the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Nexstar Media Group in the third quarter worth about $33,000. Capital Performance Advisors LLP purchased a new stake in shares of Nexstar Media Group during the third quarter worth about $44,000. Finally, UMB Bank n.a. increased its holdings in shares of Nexstar Media Group by 117.8% during the third quarter. UMB Bank n.a. now owns 294 shares of the company’s stock valued at $49,000 after acquiring an additional 159 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on NXST. Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Guggenheim reissued a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday. Barrington Research reiterated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

Insider Buying and Selling at Nexstar Media Group

In other news, insider Brett Jenkins sold 4,331 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $170.64, for a total transaction of $739,041.84. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company’s stock, valued at $4,358,145.60. This represents a 14.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John R. Muse sold 2,385 shares of Nexstar Media Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $170.16, for a total transaction of $405,831.60. Following the completion of the sale, the director now directly owns 25,978 shares in the company, valued at $4,420,416.48. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,448 shares of company stock valued at $23,828,076. Corporate insiders own 6.30% of the company’s stock.

Nexstar Media Group Stock Up 0.9 %

Shares of NXST opened at $157.72 on Friday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.26 and a beta of 1.45. Nexstar Media Group, Inc. has a 52 week low of $147.25 and a 52 week high of $191.86. The stock’s 50-day moving average price is $161.79 and its 200-day moving average price is $166.96. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $0.70 EPS. Nexstar Media Group’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, sell-side analysts predict that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $1.69 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.29%. Nexstar Media Group’s payout ratio is 39.10%.

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.