Caitong International Asset Management Co. Ltd Sells 167 Shares of Nexstar Media Group, Inc. $NXST

Caitong International Asset Management Co. Ltd reduced its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 43.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216 shares of the company’s stock after selling 167 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Nexstar Media Group were worth $37,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NXST. Jones Financial Companies Lllp boosted its holdings in shares of Nexstar Media Group by 71,715.8% during the 1st quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company’s stock worth $70,790,000 after buying an additional 394,437 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in Nexstar Media Group in the 1st quarter valued at $60,064,000. Victory Capital Management Inc. boosted its holdings in Nexstar Media Group by 611.5% in the 1st quarter. Victory Capital Management Inc. now owns 289,668 shares of the company’s stock valued at $51,914,000 after purchasing an additional 248,957 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Nexstar Media Group by 32.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company’s stock worth $144,110,000 after acquiring an additional 195,574 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of Nexstar Media Group by 58.3% during the 1st quarter. Brown Advisory Inc. now owns 352,165 shares of the company’s stock worth $63,115,000 after acquiring an additional 129,647 shares during the period. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Trading Down 0.3%

Shares of NASDAQ NXST opened at $190.73 on Monday. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $223.36. The company has a market cap of $5.78 billion, a PE ratio of 9.90, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.80. The company has a 50-day moving average of $201.11 and a two-hundred day moving average of $182.50.

Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $3.54 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.86 per share. The ex-dividend date was Friday, August 15th. This represents a $7.44 annualized dividend and a dividend yield of 3.9%. Nexstar Media Group’s payout ratio is currently 38.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NXST shares. Benchmark raised their price objective on shares of Nexstar Media Group from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Barrington Research reiterated an “outperform” rating and set a $225.00 target price on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of Nexstar Media Group from $206.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Zacks Research upgraded shares of Nexstar Media Group to a “hold” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Nexstar Media Group in a research report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.00.

Nexstar Media Group Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.