Blue Trust Inc. Sells 429 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Blue Trust Inc. lowered its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 659 shares of the company’s stock after selling 429 shares during the period. Blue Trust Inc.’s holdings in Nexstar Media Group were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NXST. Pacer Advisors Inc. grew its position in Nexstar Media Group by 27,180.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company’s stock valued at $190,650,000 after purchasing an additional 1,202,453 shares in the last quarter. Payden & Rygel lifted its stake in Nexstar Media Group by 40.4% in the third quarter. Payden & Rygel now owns 110,200 shares of the company’s stock valued at $18,222,000 after acquiring an additional 31,700 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Nexstar Media Group in the third quarter valued at $3,747,000. SGL Investment Advisors Inc. acquired a new stake in Nexstar Media Group in the third quarter valued at $3,758,000. Finally, Stifel Financial Corp lifted its stake in Nexstar Media Group by 136.8% in the third quarter. Stifel Financial Corp now owns 30,355 shares of the company’s stock valued at $5,019,000 after acquiring an additional 17,535 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

NXST has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Guggenheim restated a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.29.

Nexstar Media Group Stock Down 3.2 %

NASDAQ:NXST opened at $149.56 on Friday. The company has a market cap of $4.64 billion, a PE ratio of 8.65, a P/E/G ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a one year low of $147.25 and a one year high of $191.86. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50 day simple moving average is $155.72 and its 200 day simple moving average is $163.63.

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $1.86 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.97%. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s payout ratio is 43.03%.

Insider Transactions at Nexstar Media Group

In related news, CEO Perry A. Sook sold 35,205 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $162.13, for a total transaction of $5,707,786.65. Following the transaction, the chief executive officer now owns 674,694 shares in the company, valued at $109,388,138.22. The trade was a 4.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brett Jenkins sold 4,331 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $170.64, for a total transaction of $739,041.84. Following the sale, the insider now owns 25,540 shares of the company’s stock, valued at $4,358,145.60. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,824 shares of company stock worth $21,093,408. Company insiders own 6.30% of the company’s stock.

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.