Cerebellum GP LLC acquired a new stake in shares of Nexstar Media Group Inc (NASDAQ:NXST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,688 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXST. Rovida Advisors Inc. increased its stake in shares of Nexstar Media Group by 940.8% during the 3rd quarter. Rovida Advisors Inc. now owns 506,743 shares of the company’s stock valued at $31,570,000 after acquiring an additional 458,055 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Nexstar Media Group by 62.0% during the 2nd quarter. Royal Bank of Canada now owns 1,071,694 shares of the company’s stock valued at $64,089,000 after acquiring an additional 410,332 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Nexstar Media Group during the 3rd quarter valued at about $22,069,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Nexstar Media Group by 24.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,538,285 shares of the company’s stock valued at $95,834,000 after acquiring an additional 304,610 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Nexstar Media Group by 1,196.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 328,593 shares of the company’s stock valued at $20,471,000 after acquiring an additional 303,248 shares during the last quarter.

A number of research analysts have recently commented on NXST shares. BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Deutsche Bank started coverage on shares of Nexstar Media Group in a research note on Friday, October 20th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Noble Financial reaffirmed a “buy” rating on shares of Nexstar Media Group in a research note on Thursday, December 21st. Finally, B. Riley upped their price objective on shares of Nexstar Media Group from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Nexstar Media Group currently has an average rating of “Buy” and an average target price of $85.10.

In related news, Director Lisbeth Mcnabb sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $79.61, for a total transaction of $398,050.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $398,050. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Blake Russell sold 20,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the sale, the senior vice president now directly owns 42,861 shares of the company’s stock, valued at approximately $3,356,444.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,810 shares of company stock valued at $22,980,886. Corporate insiders own 8.40% of the company’s stock.

Shares of Nexstar Media Group Inc (NASDAQ:NXST) opened at $79.40 on Wednesday. The stock has a market cap of $3,725.03, a P/E ratio of 29.85, a P/E/G ratio of 0.80 and a beta of 2.21. Nexstar Media Group Inc has a 1 year low of $55.95 and a 1 year high of $82.95. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.58.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. The firm had revenue of $611.87 million during the quarter, compared to the consensus estimate of $609.44 million. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The company’s revenue was up 122.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. analysts expect that Nexstar Media Group Inc will post 3.46 earnings per share for the current year.

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Nexstar Media Group Profile

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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