Cubist Systematic Strategies LLC boosted its holdings in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 443.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,672 shares of the company’s stock after acquiring an additional 20,132 shares during the period. Cubist Systematic Strategies LLC owned about 0.05% of Nexstar Media Group worth $1,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Alps Advisors Inc. raised its position in Nexstar Media Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock worth $408,000 after acquiring an additional 18 shares during the last quarter. Teacher Retirement System of Texas raised its position in Nexstar Media Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after acquiring an additional 99 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Nexstar Media Group by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after acquiring an additional 131 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Nexstar Media Group by 8.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock worth $239,000 after acquiring an additional 312 shares during the last quarter. Finally, Amalgamated Bank raised its position in Nexstar Media Group by 10.8% during the second quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock worth $356,000 after acquiring an additional 582 shares during the last quarter.

Nexstar Media Group Inc (NASDAQ:NXST) opened at $75.30 on Friday. Nexstar Media Group Inc has a 52-week low of $55.95 and a 52-week high of $75.60. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $3,470.00, a P/E ratio of 19.57, a PEG ratio of 1.68 and a beta of 2.20.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.89 by $0.09. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The firm had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Nexstar Media Group’s revenue for the quarter was up 122.0% compared to the same quarter last year. analysts forecast that Nexstar Media Group Inc will post 3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 16th. Nexstar Media Group’s dividend payout ratio (DPR) is 44.94%.

In related news, Director John R. Muse sold 229,267 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $59.50, for a total transaction of $13,641,386.50. Following the completion of the transaction, the director now owns 4,743 shares of the company’s stock, valued at $282,208.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John R. Muse sold 8,473 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $60.03, for a total transaction of $508,634.19. Following the transaction, the director now directly owns 7,108 shares of the company’s stock, valued at approximately $426,693.24. The disclosure for this sale can be found here. Insiders have sold 1,275,917 shares of company stock valued at $78,359,404 in the last ninety days. 7.80% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on the stock. FBR & Co assumed coverage on shares of Nexstar Media Group in a research report on Tuesday, October 31st. They issued a “buy” rating and a $79.00 price objective for the company. Zacks Investment Research lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and issued a $81.00 price objective on shares of Nexstar Media Group in a research report on Monday, September 18th. B. Riley boosted 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 report on Tuesday, November 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $80.00 price objective on shares of Nexstar Media Group in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.00.

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Nexstar Media Group Company 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.

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

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