XTX Topco Ltd Purchases 4,667 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

XTX Topco Ltd grew its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 85.0% in the first quarter, HoldingsChannel.com reports. The fund owned 10,157 shares of the company’s stock after acquiring an additional 4,667 shares during the period. XTX Topco Ltd’s holdings in Nexstar Media Group were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NXST. Whipplewood Advisors LLC increased its stake in Nexstar Media Group by 830.3% during the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company’s stock worth $55,000 after purchasing an additional 274 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Nexstar Media Group by 62.3% during the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company’s stock worth $72,000 after purchasing an additional 154 shares in the last quarter. Versant Capital Management Inc increased its stake in Nexstar Media Group by 2,126.3% during the 1st quarter. Versant Capital Management Inc now owns 423 shares of the company’s stock worth $76,000 after purchasing an additional 404 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Nexstar Media Group by 186.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 453 shares of the company’s stock worth $81,000 after purchasing an additional 295 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Nexstar Media Group by 68.6% during the 1st quarter. UMB Bank n.a. now owns 536 shares of the company’s stock worth $96,000 after purchasing an additional 218 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Nexstar Media Group

In other Nexstar Media Group news, EVP Rachel Morgan sold 329 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total transaction of $54,367.25. Following the completion of the sale, the executive vice president owned 2,122 shares of the company’s stock, valued at $350,660.50. This trade represents a 13.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dana Zimmer sold 889 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total value of $146,907.25. Following the sale, the insider directly owned 6,201 shares of the company’s stock, valued at $1,024,715.25. This represents a 12.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,474 shares of company stock worth $3,666,988. 6.70% of the stock is currently owned by corporate insiders.

Nexstar Media Group Price Performance

NASDAQ:NXST opened at $187.59 on Thursday. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $192.36. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.86. The firm has a fifty day simple moving average of $176.28 and a 200 day simple moving average of $165.92. The stock has a market capitalization of $5.72 billion, a PE ratio of 9.50, a P/E/G ratio of 1.39 and a beta of 1.04.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a net margin of 12.21% and a return on equity of 29.21%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $5.16 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. On average, research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Monday, May 19th. Nexstar Media Group’s dividend payout ratio is 37.69%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NXST shares. Wells Fargo & Company lowered their target price on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Benchmark lowered their target price on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Finally, Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

About Nexstar Media Group

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.