Dalton Greiner Hartman Maher & Co. grew its position in Nexstar Media Group Inc (NASDAQ:NXST) by 33.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491,611 shares of the company’s stock after purchasing an additional 122,088 shares during the period. Nexstar Media Group makes up approximately 2.0% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 3rd largest holding. Dalton Greiner Hartman Maher & Co.’s holdings in Nexstar Media Group were worth $40,017,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in Nexstar Media Group by 99.7% during the first quarter. SG Americas Securities LLC now owns 3,029 shares of the company’s stock worth $201,000 after acquiring an additional 1,512 shares in the last quarter. Aperio Group LLC raised its holdings in Nexstar Media Group by 18.1% during the first quarter. Aperio Group LLC now owns 6,590 shares of the company’s stock worth $438,000 after acquiring an additional 1,009 shares in the last quarter. Northern Trust Corp raised its holdings in Nexstar Media Group by 0.8% during the first quarter. Northern Trust Corp now owns 580,298 shares of the company’s stock worth $38,590,000 after acquiring an additional 4,589 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Nexstar Media Group by 109.2% during the first quarter. BNP Paribas Arbitrage SA now owns 18,989 shares of the company’s stock worth $1,263,000 after acquiring an additional 9,910 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Nexstar Media Group by 16.3% during the first quarter. Sei Investments Co. now owns 16,053 shares of the company’s stock worth $1,068,000 after acquiring an additional 2,253 shares in the last quarter.
In other news, SVP Keith P. Hopkins sold 1,625 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $80.35, for a total value of $130,568.75. Following the transaction, the senior vice president now owns 3,125 shares of the company’s stock, valued at $251,093.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Alford sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $82.30, for a total value of $82,300.00. Following the completion of the transaction, the insider now directly owns 370 shares in the company, valued at approximately $30,451. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,950 shares of company stock worth $1,796,747. Company insiders own 6.40% of the company’s stock.
Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The firm had revenue of $660.30 million for the quarter, compared to the consensus estimate of $657.92 million. Nexstar Media Group had a return on equity of 17.28% and a net margin of 22.07%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, research analysts anticipate that Nexstar Media Group Inc will post 8.05 EPS for the current fiscal year.
Several analysts recently issued reports on NXST shares. ValuEngine upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. BidaskClub lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Evercore ISI initiated coverage on Nexstar Media Group in a research report on Tuesday, July 31st. They set an “in-line” rating and a $87.00 price target on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $87.00 price target on shares of Nexstar Media Group in a research report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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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