Park West Asset Management LLC grew its holdings in Nexstar Media Group Inc (NASDAQ:NXST) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,043,727 shares of the company’s stock after acquiring an additional 222,092 shares during the period. Nexstar Media Group accounts for 6.1% of Park West Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Park West Asset Management LLC’s holdings in Nexstar Media Group were worth $135,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at $4,456,000. Point72 Asset Management L.P. bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at $12,138,000. Guggenheim Capital LLC raised its position in shares of Nexstar Media Group by 346.0% during the 1st quarter. Guggenheim Capital LLC now owns 56,550 shares of the company’s stock valued at $3,763,000 after purchasing an additional 43,871 shares during the period. LPL Financial LLC raised its position in shares of Nexstar Media Group by 88.7% during the 1st quarter. LPL Financial LLC now owns 12,567 shares of the company’s stock valued at $836,000 after purchasing an additional 5,908 shares during the period. Finally, Engine Capital Management LLC raised its position in shares of Nexstar Media Group by 16.5% during the 1st quarter. Engine Capital Management LLC now owns 115,917 shares of the company’s stock valued at $7,708,000 after purchasing an additional 16,412 shares during the period.

In other Nexstar Media Group news, insider Anthony Katsur sold 1,250 shares of Nexstar Media Group stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $67.16, for a total value of $83,950.00. Following the completion of the transaction, the insider now directly owns 1,250 shares of the company’s stock, valued at approximately $83,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Jones sold 2,238 shares of Nexstar Media Group stock in a transaction on Monday, June 11th. The stock was sold at an average price of $70.70, for a total transaction of $158,226.60. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Several analysts have recently commented on the stock. Guggenheim set a $88.00 price objective on shares of Nexstar Media Group and gave the company a “buy” rating in a research report on Wednesday, February 14th. Benchmark restated a “buy” rating and set a $94.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Wednesday, February 14th. Noble Financial restated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, February 28th. Finally, BidaskClub upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Nexstar Media Group currently has an average rating of “Buy” and an average price target of $88.80.

Shares of Nexstar Media Group opened at $73.35 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.50 and a beta of 1.71. Nexstar Media Group Inc has a 52-week low of $56.65 and a 52-week high of $82.95.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.11). The company had revenue of $615.34 million during the quarter, compared to the consensus estimate of $612.37 million. Nexstar Media Group had a net margin of 20.63% and a return on equity of 15.56%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. equities analysts forecast that Nexstar Media Group Inc will post 8.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were issued a $0.375 dividend. The ex-dividend date was Thursday, May 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.04%. Nexstar Media Group’s dividend payout ratio is currently 37.69%.

Nexstar Media Group Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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

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