Worth Venture Partners LLC Boosts Position in Nexstar Broadcasting Group, Inc. (NXST)

Worth Venture Partners LLC boosted its position in shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,360 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. Nexstar Broadcasting Group accounts for 1.2% of Worth Venture Partners LLC’s portfolio, making the stock its 15th biggest holding. Worth Venture Partners LLC’s holdings in Nexstar Broadcasting Group were worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Nexstar Broadcasting Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 3,502,491 shares of the company’s stock valued at $209,449,000 after acquiring an additional 62,881 shares during the last quarter. BlackRock Inc. increased its position in Nexstar Broadcasting Group by 118,109.1% during the first quarter. BlackRock Inc. now owns 2,975,324 shares of the company’s stock valued at $208,720,000 after acquiring an additional 2,972,807 shares during the last quarter. Bank of New York Mellon Corp increased its position in Nexstar Broadcasting Group by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 2,152,483 shares of the company’s stock valued at $134,100,000 after acquiring an additional 132,245 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Nexstar Broadcasting Group by 24.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,538,285 shares of the company’s stock valued at $95,834,000 after acquiring an additional 304,610 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Nexstar Broadcasting Group by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,409,200 shares of the company’s stock valued at $84,272,000 after acquiring an additional 185,390 shares during the last quarter.

Nexstar Broadcasting Group, Inc. (NASDAQ NXST) traded down $1.10 during midday trading on Tuesday, hitting $64.55. The stock had a trading volume of 628,400 shares, compared to its average volume of 720,143. The company has a market capitalization of $3,030.00, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.45 and a beta of 2.24. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35. Nexstar Broadcasting Group, Inc. has a 1 year low of $55.95 and a 1 year high of $73.90.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. Nexstar Broadcasting Group had a return on equity of 16.20% and a net margin of 5.60%. The business’s quarterly revenue was up 122.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. sell-side analysts forecast that Nexstar Broadcasting Group, Inc. will post 3.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, November 16th. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is 44.94%.

NXST has been the subject of a number of research reports. Deutsche Bank AG began coverage on Nexstar Broadcasting Group in a research report on Friday, October 20th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Wednesday, September 13th. ValuEngine cut Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and issued a $80.00 price target on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. Finally, Guggenheim began coverage on Nexstar Broadcasting Group in a research report on Wednesday, October 18th. They issued a “buy” rating and a $90.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Nexstar Broadcasting Group presently has a consensus rating of “Buy” and a consensus price target of $80.91.

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In other news, insider Julie Pruett sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $60.01, for a total value of $180,030.00. Following the completion of the transaction, the insider now owns 11,985 shares of the company’s stock, valued at $719,219.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Muse sold 641,240 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $60.10, for a total value of $38,538,524.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,270,307 shares of company stock valued at $77,985,660. Corporate insiders own 8.40% of the company’s stock.

About Nexstar Broadcasting Group

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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

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