State Street Corp raised its holdings in shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 866,039 shares of the company’s stock after acquiring an additional 37,041 shares during the quarter. State Street Corp owned approximately 1.87% of Nexstar Broadcasting Group worth $51,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of NXST. Thompson Siegel & Walmsley LLC purchased a new position in shares of Nexstar Broadcasting Group during the 2nd quarter worth $125,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Nexstar Broadcasting Group during the 2nd quarter valued at $145,000. SG Americas Securities LLC raised its position in shares of Nexstar Broadcasting Group by 48.4% during the 1st quarter. SG Americas Securities LLC now owns 2,633 shares of the company’s stock valued at $185,000 after purchasing an additional 859 shares during the period. Teacher Retirement System of Texas raised its position in shares of Nexstar Broadcasting Group by 2.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock valued at $214,000 after purchasing an additional 99 shares during the period. Finally, Pitcairn Co. bought a new stake in shares of Nexstar Broadcasting Group during the 2nd quarter valued at $301,000.

Several analysts have recently commented on NXST shares. Deutsche Bank AG started coverage on shares of Nexstar Broadcasting Group in a research report on Friday, October 20th. They set a “buy” rating and a $80.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 price target on shares of Nexstar Broadcasting Group in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, September 13th. ValuEngine downgraded shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $85.00 price target on shares of Nexstar Broadcasting Group in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.00.

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Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Nexstar Broadcasting Group had a net margin of 5.44% and a return on equity of 18.35%. The firm had revenue of $626.11 million during the quarter, compared to analysts’ expectations of $608.23 million. During the same period last year, the business earned $0.78 earnings per share. Nexstar Broadcasting Group’s revenue was up 139.0% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s payout ratio is currently 48.78%.

In related news, Director John R. Muse sold 641,240 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $60.10, for a total transaction of $38,538,524.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas Carter sold 3,125 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $63.50, for a total transaction of $198,437.50. Following the sale, the chief financial officer now owns 67,836 shares of the company’s stock, valued at $4,307,586. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 977,932 shares of company stock valued at $58,630,802. 7.80% of the stock is owned by company insiders.

Nexstar Broadcasting Group 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.

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

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