Nexstar Media Group, Inc. $NXST Stake Cut by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 77.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock after selling 7,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nexstar Media Group were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NXST. Janus Henderson Group PLC grew its holdings in Nexstar Media Group by 1.8% during the first quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock worth $116,427,000 after acquiring an additional 11,477 shares during the period. Principal Financial Group Inc. raised its position in Nexstar Media Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 488,744 shares of the company’s stock worth $88,381,000 after acquiring an additional 7,661 shares in the last quarter. Bank of America Corp DE raised its position in Nexstar Media Group by 17.0% in the first quarter. Bank of America Corp DE now owns 173,269 shares of the company’s stock worth $31,332,000 after acquiring an additional 25,193 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in Nexstar Media Group by 2.5% in the third quarter. Valley Wealth Managers Inc. now owns 142,946 shares of the company’s stock valued at $23,096,000 after acquiring an additional 3,547 shares during the period. Finally, Sei Investments Co. lifted its holdings in Nexstar Media Group by 11.5% in the first quarter. Sei Investments Co. now owns 111,340 shares of the company’s stock valued at $20,128,000 after acquiring an additional 11,475 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Nexstar Media Group

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

• Positive Sentiment: Wells Fargo raised its price target to $250 from $249 and reaffirmed its Overweight rating. The new target implies about 31.6% upside from the cited $190.02 share price. Wells Fargo rating information
• Positive Sentiment: Third-quarter revenue reached a record $2.13 billion, up 78% year over year and above the $2.07 billion analyst estimate. Nexstar said political advertising revenue reached a record $1.1 billion for 2026, 31% higher than in the 2022 midterm cycle, providing a major boost to results. Nexstar Q3 revenue and political advertising
• Negative Sentiment: Adjusted earnings were $7.92 per share, below the $8.08 consensus estimate. The earnings miss tempers the otherwise strong revenue growth. Nexstar Q3 earnings results

Insider Buying and Selling

In other news, insider Dana Zimmer sold 4,008 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $187.46, for a total value of $751,339.68. Following the completion of the transaction, the insider directly owned 1,792 shares of the company’s stock, valued at $335,928.32. The trade was a 69.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bernadette S. Aulestia sold 300 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $186.80, for a total value of $56,040.00. Following the completion of the sale, the director owned 4,383 shares in the company, valued at $818,744.40. This represents a 6.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,596 shares of company stock worth $1,733,169 in the last 90 days. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NXST. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Monday, August 24th. Wells Fargo & Company increased their price target on shares of Nexstar Media Group from $249.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.67.

Nexstar Media Group Stock Up 1.1%

Shares of NASDAQ NXST opened at $190.02 on Friday. Nexstar Media Group, Inc. has a 12-month low of $153.17 and a 12-month high of $254.30. The company has a market capitalization of $5.85 billion, a PE ratio of 17.29 and a beta of 0.97. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50-day moving average is $167.80 and its two-hundred day moving average is $191.75.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 5th. The company reported $7.92 EPS for the quarter, missing the consensus estimate of $8.08 by ($0.16). Nexstar Media Group had a net margin of 5.48% and a return on equity of 33.40%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. The firm’s revenue for the quarter was up 78.0% compared to the same quarter last year. Equities analysts anticipate that Nexstar Media Group, Inc. will post 32.88 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $1.86 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $7.44 dividend on an annualized basis and a yield of 3.9%. Nexstar Media Group’s dividend payout ratio is presently 67.70%.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.