B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Nexstar Media Group, Inc. (NASDAQ:NXST)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,498 shares of the company’s stock, valued at approximately $2,015,000.

Other hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in Nexstar Media Group during the fourth quarter worth about $36,000. CENTRAL TRUST Co purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at approximately $45,000. Private Capital Group LLC boosted its stake in shares of Nexstar Media Group by 36.6% in the fourth quarter. Private Capital Group LLC now owns 452 shares of the company’s stock valued at $49,000 after purchasing an additional 121 shares during the period. Johnson Midwest Financial LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at approximately $54,000. Finally, Ancora Advisors LLC boosted its stake in shares of Nexstar Media Group by 155.6% in the fourth quarter. Ancora Advisors LLC now owns 575 shares of the company’s stock valued at $62,000 after purchasing an additional 350 shares during the period.

Shares of NASDAQ:NXST opened at $145.71 on Thursday. The firm’s 50 day moving average price is $143.85 and its 200 day moving average price is $113.37. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.84 and a beta of 1.92. Nexstar Media Group, Inc. has a fifty-two week low of $55.69 and a fifty-two week high of $163.62. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 3.49.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Monday, February 22nd. The company reported $7.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $7.11 by $0.86. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Nexstar Media Group had a net margin of 13.27% and a return on equity of 25.99%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 earnings per share. On average, equities analysts anticipate that Nexstar Media Group, Inc. will post 16.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 12th were issued a $0.70 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, February 11th. This represents a $2.80 annualized dividend and a yield of 1.92%. Nexstar Media Group’s dividend payout ratio (DPR) is 55.56%.

In other Nexstar Media Group news, CEO Perry A. Sook sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $157.75, for a total transaction of $7,887,500.00. Following the sale, the chief executive officer now owns 353,176 shares of the company’s stock, valued at $55,713,514. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy C. Busch sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $145.33, for a total transaction of $726,650.00. Following the sale, the insider now directly owns 101,597 shares in the company, valued at approximately $14,765,092.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,228 shares of company stock worth $20,353,973. 6.70% of the stock is owned by corporate insiders.

Several research firms have recently commented on NXST. Wells Fargo & Company raised their price objective on shares of Nexstar Media Group from $143.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, March 2nd. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Saturday, February 27th. Seven research analysts have rated the stock with a buy rating, Nexstar Media Group presently has an average rating of “Buy” and a consensus price target of $138.00.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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