8,260 Shares in Nexstar Media Group, Inc. $NXST Acquired by First National Bank of Omaha

First National Bank of Omaha bought a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,260 shares of the company’s stock, valued at approximately $1,633,000.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Nexstar Media Group by 118.1% during the second quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock worth $93,795,000 after purchasing an additional 294,308 shares during the period. Norges Bank purchased a new position in Nexstar Media Group in the 2nd quarter worth about $46,461,000. JPMorgan Chase & Co. raised its holdings in Nexstar Media Group by 157.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock worth $73,960,000 after buying an additional 228,603 shares during the period. Hennessy Advisors Inc. purchased a new stake in Nexstar Media Group during the third quarter valued at about $40,023,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Nexstar Media Group by 63.0% in the third quarter. Principal Financial Group Inc. now owns 488,292 shares of the company’s stock worth $96,557,000 after buying an additional 188,695 shares during the period. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NXST shares. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Citigroup reduced their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.50.

Nexstar Media Group Trading Up 2.0%

Shares of NASDAQ:NXST opened at $238.07 on Thursday. The firm has a fifty day moving average of $213.19 and a two-hundred day moving average of $202.62. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $254.30. The firm has a market capitalization of $7.22 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.91 and a beta of 0.85.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. Nexstar Media Group’s dividend payout ratio is presently 46.13%.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.