Granahan Investment Management Inc. MA boosted its position in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,108 shares of the company’s stock after acquiring an additional 7,145 shares during the quarter. Granahan Investment Management Inc. MA owned 0.28% of Nexstar Broadcasting Group worth $7,857,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of Nexstar Broadcasting Group during the second quarter worth $125,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Nexstar Broadcasting Group during the second quarter worth $145,000. Victory Capital Management Inc. bought a new stake in shares of Nexstar Broadcasting Group during the third quarter worth $172,000. SG Americas Securities LLC grew its stake in shares of Nexstar Broadcasting Group by 29.8% during the second quarter. SG Americas Securities LLC now owns 3,418 shares of the company’s stock worth $204,000 after buying an additional 785 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Nexstar Broadcasting 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 buying an additional 99 shares during the last quarter.

A number of analysts have weighed in on NXST shares. Deutsche Bank started coverage on shares of Nexstar Broadcasting Group in a research note on Friday, October 20th. They set a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley boosted their target price on shares of Nexstar Broadcasting Group from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. ValuEngine cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Nexstar Broadcasting Group in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Nexstar Broadcasting Group currently has an average rating of “Buy” and a consensus target price of $82.00.

Shares of Nexstar Broadcasting Group, Inc. (NASDAQ NXST) opened at $71.85 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.58. Nexstar Broadcasting Group, Inc. has a one year low of $55.95 and a one year high of $73.90. The firm has a market cap of $3,292.15, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.63 and a beta of 2.21.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. Nexstar Broadcasting Group’s dividend payout ratio is 45.11%.

In related news, insider Gary Michael Vaughn sold 400 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $71.32, for a total value of $28,528.00. Following the sale, the insider now owns 7,140 shares of the company’s stock, valued at $509,224.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Julie Pruett sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $60.01, for a total transaction of $180,030.00. Following the completion of the sale, the insider now directly owns 11,985 shares in the company, valued at approximately $719,219.85. The disclosure for this sale can be found here. In the last three months, insiders sold 1,275,917 shares of company stock worth $78,359,404. 8.40% of the stock is currently owned by insiders.

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Nexstar Broadcasting 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 Broadcasting Group (NASDAQ:NXST)

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