Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Nexstar Media Group, Inc. $NXST

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,895 shares of the company’s stock after buying an additional 4,438 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Nexstar Media Group worth $9,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in Nexstar Media Group by 375.0% during the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Root Financial Partners LLC purchased a new position in Nexstar Media Group during the third quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in Nexstar Media Group by 617.2% during the second quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 179 shares during the period. LRI Investments LLC bought a new position in Nexstar Media Group in the second quarter worth approximately $43,000. Finally, Caldwell Trust Co purchased a new stake in Nexstar Media Group during the second quarter worth $44,000. 95.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NXST. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Citigroup cut their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.38.

Nexstar Media Group Stock Down 2.9%

Shares of NXST stock opened at $212.99 on Friday. The stock’s fifty day moving average price is $201.56 and its 200 day moving average price is $197.90. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $223.36. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.81 and a beta of 0.84. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $5.27 EPS. Nexstar Media Group’s revenue was down 12.3% compared to the same quarter last year. On average, research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.86 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.44 dividend on an annualized basis and a yield of 3.5%. Nexstar Media Group’s dividend payout ratio is presently 46.13%.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.