John G Ullman & Associates Inc. Has $4.57 Million Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

John G Ullman & Associates Inc. lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,155 shares of the company’s stock after selling 450 shares during the quarter. John G Ullman & Associates Inc. owned about 0.09% of Nexstar Media Group worth $4,570,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in Nexstar Media Group by 4.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,619 shares of the company’s stock worth $305,000 after buying an additional 62 shares during the period. Kestra Advisory Services LLC increased its holdings in Nexstar Media Group by 5.0% during the 2nd quarter. Kestra Advisory Services LLC now owns 1,397 shares of the company’s stock worth $233,000 after purchasing an additional 67 shares in the last quarter. Fifth Third Bancorp increased its holdings in Nexstar Media Group by 7.8% during the 4th quarter. Fifth Third Bancorp now owns 1,122 shares of the company’s stock worth $176,000 after purchasing an additional 81 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Nexstar Media Group by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,999 shares of the company’s stock worth $2,867,000 after purchasing an additional 91 shares in the last quarter. Finally, First National Bank of Omaha increased its holdings in Nexstar Media Group by 0.9% during the 2nd quarter. First National Bank of Omaha now owns 10,525 shares of the company’s stock worth $1,753,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Rosenblatt Securities decreased their price objective on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, March 7th. Finally, TheStreet upgraded shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.83.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST traded up $3.29 during midday trading on Friday, reaching $165.25. The company’s stock had a trading volume of 188,166 shares, compared to its average volume of 346,840. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The business’s 50 day moving average price is $165.78 and its two-hundred day moving average price is $158.04. The company has a market cap of $5.52 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.59 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Wednesday, February 28th. The company reported $3.32 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($1.10). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a net margin of 7.03% and a return on equity of 14.06%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.04 earnings per share. On average, analysts forecast that Nexstar Media Group, Inc. will post 26.73 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.09%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Thursday, February 8th. Nexstar Media Group’s dividend payout ratio (DPR) is 70.20%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 31,758 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the sale, the chief executive officer now owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Dennis J. Fitzsimons sold 2,000 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total transaction of $341,640.00. Following the transaction, the director now owns 12,027 shares of the company’s stock, valued at $2,054,452.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Perry A. Sook sold 31,758 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the transaction, the chief executive officer now directly owns 636,788 shares in the company, valued at approximately $101,032,784.08. The disclosure for this sale can be found here. Insiders have sold 46,508 shares of company stock valued at $7,487,950 over the last three months. 5.90% of the stock is owned by insiders.

Nexstar Media Group Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.