Glacier Peak Capital LLC Invests $831,000 in Nexstar Media Group Inc (NXST) Stock

Glacier Peak Capital LLC acquired a new stake in shares of Nexstar Media Group Inc (NASDAQ:NXST) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 12,500 shares of the company’s stock, valued at approximately $831,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AXA grew its holdings in Nexstar Media Group by 89.2% during the 4th quarter. AXA now owns 146,557 shares of the company’s stock valued at $11,461,000 after buying an additional 69,100 shares in the last quarter. Windacre Partnership LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $58,595,000. Baird Financial Group Inc. grew its holdings in shares of Nexstar Media Group by 12.8% in the fourth quarter. Baird Financial Group Inc. now owns 24,073 shares of the company’s stock valued at $1,883,000 after purchasing an additional 2,725 shares in the last quarter. Fondren Management LP purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $1,173,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $1,555,000.

NXST has been the subject of a number of recent research reports. BidaskClub lowered shares of Nexstar Media Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 3rd. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Wednesday, February 21st. ValuEngine lowered shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Barrington Research cut their target price on shares of Nexstar Media Group to $96.00 and set an “outperform” rating for the company in a report on Friday, May 11th. Finally, Benchmark reissued a “buy” rating and issued a $94.00 target price on shares of Nexstar Media Group in a report on Thursday, May 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Nexstar Media Group presently has an average rating of “Buy” and a consensus price target of $88.80.

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

NXST traded up $0.90 during trading on Thursday, reaching $74.25. The company had a trading volume of 2,247 shares, compared to its average volume of 604,614. The company has a market cap of $3.33 billion, a PE 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. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.68.

Nexstar Media Group (NASDAQ:NXST) last issued 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 return on equity of 15.56% and a net margin of 20.63%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. research analysts anticipate that Nexstar Media Group Inc will post 8.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.02%. Nexstar Media Group’s dividend payout ratio is presently 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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