US Bancorp DE raised its position in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,286 shares of the company’s stock after purchasing an additional 1,462 shares during the quarter. US Bancorp DE’s holdings in Nexstar Media Group were worth $1,342,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Park West Asset Management LLC raised its stake in Nexstar Media Group by 12.2% during the 1st quarter. Park West Asset Management LLC now owns 2,043,727 shares of the company’s stock valued at $135,908,000 after purchasing an additional 222,092 shares during the period. JPMorgan Chase & Co. raised its stake in Nexstar Media Group by 2.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,985,703 shares of the company’s stock valued at $132,047,000 after purchasing an additional 47,593 shares during the period. P2 Capital Partners LLC raised its stake in Nexstar Media Group by 59.1% during the 1st quarter. P2 Capital Partners LLC now owns 1,865,329 shares of the company’s stock valued at $124,044,000 after purchasing an additional 692,829 shares during the period. Dimensional Fund Advisors LP raised its stake in Nexstar Media Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,604,409 shares of the company’s stock valued at $106,693,000 after purchasing an additional 5,799 shares during the period. Finally, Windacre Partnership LLC raised its stake in Nexstar Media Group by 102.2% during the 1st quarter. Windacre Partnership LLC now owns 1,515,000 shares of the company’s stock valued at $100,748,000 after purchasing an additional 765,700 shares during the period.

Shares of NASDAQ:NXST opened at $79.30 on Friday. The firm has a market capitalization of $3.62 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.89. Nexstar Media Group Inc has a 1 year low of $56.65 and a 1 year high of $89.75. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.43 and a quick ratio of 2.43.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.14. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. The company had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $657.92 million. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. equities analysts anticipate that Nexstar Media Group Inc will post 8.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, August 9th. Nexstar Media Group’s dividend payout ratio (DPR) is 37.69%.

In other Nexstar Media Group news, insider Andrew Alford sold 1,000 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $82.30, for a total transaction of $82,300.00. Following the completion of the sale, the insider now directly owns 370 shares in the company, valued at $30,451. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Davis sold 1,875 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $77.41, for a total transaction of $145,143.75. Following the sale, the insider now owns 683 shares of the company’s stock, valued at $52,871.03. The disclosure for this sale can be found here. Insiders have sold 7,501 shares of company stock valued at $567,782 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Several analysts have issued reports on NXST shares. Noble Financial downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. BidaskClub downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. B. Riley boosted their target price on shares of Nexstar Media Group from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Barrington Research cut their target price on shares of Nexstar Media Group to $96.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th. Finally, Stephens set a $94.00 target price on shares of Nexstar Media Group and gave the company a “buy” rating in a research note on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Nexstar Media Group has a consensus rating of “Buy” and an average target price of $90.08.

About Nexstar Media Group

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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