Gamco Investors INC. ET AL Has $12.93 Million Holdings in Nexstar Media Group, Inc. $NXST

Gamco Investors INC. ET AL increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,744 shares of the company’s stock after buying an additional 5,032 shares during the period. Gamco Investors INC. ET AL’s holdings in Nexstar Media Group were worth $12,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXST. IFP Advisors Inc grew its position in shares of Nexstar Media Group by 375.0% in the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Allworth Financial LP lifted its stake in Nexstar Media Group by 617.2% in the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares during the last quarter. LRI Investments LLC bought a new position in Nexstar Media Group during the second quarter worth about $43,000. Parkside Financial Bank & Trust grew its holdings in Nexstar Media Group by 70.6% during the second quarter. Parkside Financial Bank & Trust now owns 273 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Nexstar Media Group by 2,293.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company’s stock worth $69,000 after buying an additional 367 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Nexstar Media Group Stock Down 0.4%

NXST stock opened at $189.01 on Monday. Nexstar Media Group, Inc. has a fifty-two week low of $141.66 and a fifty-two week high of $223.36. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.50 and a beta of 0.85. The business’s fifty day moving average price is $192.58 and its two-hundred day moving average price is $189.45.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.14 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.48). Nexstar Media Group had a net margin of 10.02% and a return on equity of 22.99%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $5.27 earnings per share. The company’s revenue was down 12.3% on a year-over-year basis. On average, equities analysts anticipate that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.44 annualized dividend and a dividend yield of 3.9%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 46.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NXST. Citigroup cut their price objective on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Barrington Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of Nexstar Media Group in a report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a report on Monday, December 1st. Guggenheim raised their target price on shares of Nexstar Media Group from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average price target of $222.38.

About Nexstar Media Group

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.