Van Lanschot Kempen Investment Management N.V. Has $35.14 Million Holdings in Nexstar Media Group, Inc. $NXST

Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 173,068 shares of the company’s stock after purchasing an additional 7,624 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Nexstar Media Group were worth $35,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NXST. Dorsal Capital Management LP acquired a new stake in Nexstar Media Group during the third quarter worth approximately $74,152,000. AQR Capital Management LLC lifted its position in 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 acquiring an additional 294,308 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Nexstar Media Group by 157.2% during the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock worth $73,960,000 after acquiring an additional 228,603 shares during the last quarter. Norges Bank acquired a new stake in Nexstar Media Group during the fourth quarter worth approximately $41,474,000. Finally, Alliancebernstein L.P. lifted its position in Nexstar Media Group by 27.1% during the second quarter. Alliancebernstein L.P. now owns 882,322 shares of the company’s stock worth $152,598,000 after acquiring an additional 187,864 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

More Nexstar Media Group News

Here are the key news stories impacting Nexstar Media Group this week:

• Neutral Sentiment: Several Nexstar executives, including Blake Russell, Andrew Alford, Sean Compton, Dana Zimmer, and Lee Ann Gliha, sold shares at $176.42. The filings say these were tax-withholding sales tied to equity award vesting, which usually makes them less concerning than discretionary insider selling. Nexstar Media Group insider filing
• Neutral Sentiment: Recent coverage noted that NXST has been weakening over the past month and remains below key moving averages, suggesting bearish momentum may be contributing to the stock’s decline. Nexstar Media Group stock down article
• Neutral Sentiment: Nexstar continues to offer a sizable dividend yield, but the payout ratio is elevated, which may limit upside enthusiasm from income investors. Nexstar Media Group stock page

Analyst Ratings Changes

NXST has been the subject of several research reports. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $252.00 to $220.00 in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday, April 28th. Finally, Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group presently has an average rating of “Buy” and an average target price of $259.67.

Nexstar Media Group Stock Down 0.0%

Shares of NXST opened at $174.50 on Friday. Nexstar Media Group, Inc. has a 12 month low of $164.00 and a 12 month high of $254.30. The firm’s 50 day moving average is $191.14 and its 200-day moving average is $207.13. The stock has a market capitalization of $5.33 billion, a PE ratio of 37.45, a P/E/G ratio of 0.44 and a beta of 0.91. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 annualized dividend and a dividend yield of 4.3%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 159.66%.

Insider Activity at Nexstar Media Group

In related news, insider Sean Compton sold 5,000 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the transaction, the insider directly owned 11,252 shares of the company’s stock, valued at $2,205,392. This trade represents a 30.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Alford sold 778 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $176.42, for a total transaction of $137,254.76. Following the completion of the transaction, the insider directly owned 14,357 shares in the company, valued at $2,532,861.94. This trade represents a 5.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 17,641 shares of company stock valued at $3,286,471. 6.70% of the stock is currently owned by company insiders.

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.