5,156 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Acquired by Brinker Capital Investments LLC

Posted by Defense World Staff on May 4th, 2023

Brinker Capital Investments LLC purchased a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,156 shares of the company’s stock, valued at approximately $902,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $25,000. Brown Brothers Harriman & Co. bought a new stake in shares of Nexstar Media Group during the 1st quarter worth approximately $26,000. Column Capital Advisors LLC lifted its stake in shares of Nexstar Media Group by 55.4% during the 4th quarter. Column Capital Advisors LLC now owns 174 shares of the company’s stock worth $30,000 after acquiring an additional 62 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of Nexstar Media Group by 83.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 355 shares of the company’s stock worth $57,000 after acquiring an additional 162 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Nexstar Media Group by 11.5% during the 3rd quarter. IFP Advisors Inc now owns 584 shares of the company’s stock worth $62,000 after acquiring an additional 60 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Nexstar Media Group Trading Down 1.4 %

NXST opened at $165.20 on Thursday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 1.55 and a beta of 1.48. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 2.47. Nexstar Media Group, Inc. has a 12 month low of $151.01 and a 12 month high of $217.76. The stock has a fifty day moving average price of $172.68 and a 200-day moving average price of $179.25.

Nexstar Media Group (NASDAQ:NXST – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $8.04 EPS for the quarter, topping the consensus estimate of $7.57 by $0.47. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Nexstar Media Group had a return on equity of 37.40% and a net margin of 18.64%. As a group, equities research analysts anticipate that Nexstar Media Group, Inc. will post 11.17 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, May 11th. Nexstar Media Group’s payout ratio is 22.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NXST shares. StockNews.com started coverage on Nexstar Media Group in a research report on Thursday, March 16th. They set a “hold” rating for the company. Barrington Research reaffirmed an “outperform” rating and set a $235.00 target price on shares of Nexstar Media Group in a research report on Wednesday, March 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Nexstar Media Group in a research report on Monday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.00.

Insider Transactions at Nexstar Media Group

In related news, EVP Brett Jenkins sold 448 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $164.04, for a total transaction of $73,489.92. Following the transaction, the executive vice president now directly owns 21,876 shares in the company, valued at approximately $3,588,539.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Brett Jenkins sold 448 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $164.04, for a total transaction of $73,489.92. Following the transaction, the executive vice president now directly owns 21,876 shares in the company, valued at approximately $3,588,539.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sean Compton sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $175.85, for a total value of $439,625.00. Following the transaction, the insider now owns 6,930 shares in the company, valued at $1,218,640.50. The disclosure for this sale can be found here. In the last three months, insiders sold 8,084 shares of company stock valued at $1,373,441. Corporate insiders own 5.00% of the company’s stock.

Nexstar Media Group Company Profile

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Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.