Hound Partners LLC decreased its holdings in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,171,979 shares of the company’s stock after selling 481,674 shares during the period. Nexstar Media Group comprises approximately 5.3% of Hound Partners LLC’s holdings, making the stock its 11th largest position. Hound Partners LLC owned about 6.94% of Nexstar Media Group worth $210,937,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of NXST. Advisor Group Inc. grew its position in shares of Nexstar Media Group by 86.5% during the 4th quarter. Advisor Group Inc. now owns 2,331 shares of the company’s stock valued at $183,000 after acquiring an additional 1,081 shares during the period. SG Americas Securities LLC grew its position in shares of Nexstar Media Group by 99.7% during the 1st quarter. SG Americas Securities LLC now owns 3,029 shares of the company’s stock valued at $201,000 after acquiring an additional 1,512 shares during the period. Zeke Capital Advisors LLC bought a new stake in shares of Nexstar Media Group during the 4th quarter valued at $225,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Nexstar Media Group during the 4th quarter valued at $237,000. Finally, Stevens Capital Management LP bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at $273,000.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Benchmark reaffirmed a “buy” rating and issued a $94.00 target price on shares of Nexstar Media Group in a report on Thursday, May 10th. Barrington Research reaffirmed a “buy” rating and issued a $105.00 target price on shares of Nexstar Media Group in a report on Wednesday, May 9th. ValuEngine raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, B. Riley dropped their target price on shares of Nexstar Media Group to $87.00 and set a “buy” rating for the company in a report on Monday, May 21st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Nexstar Media Group has an average rating of “Buy” and an average target price of $88.80.
Shares of Nexstar Media Group stock opened at $73.35 on Thursday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 18.43, a PEG ratio of 1.50 and a beta of 1.71. 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 Inc has a fifty-two week low of $56.65 and a fifty-two week high of $82.95.
Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.11). The company had revenue of $615.34 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. sell-side analysts forecast that Nexstar Media Group Inc will post 8.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, May 10th. Nexstar Media Group’s payout ratio is currently 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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