Capital Management Corp VA Raises Stock Holdings in Nexstar Media Group, Inc. $NXST

Capital Management Corp VA increased its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,450 shares of the company’s stock after buying an additional 2,493 shares during the quarter. Nexstar Media Group accounts for approximately 4.9% of Capital Management Corp VA’s investment portfolio, making the stock its 3rd largest position. Capital Management Corp VA owned approximately 0.52% of Nexstar Media Group worth $31,134,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Nexstar Media Group during the first quarter worth $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after purchasing an additional 5,251 shares during the last quarter. Millennium Management LLC lifted its holdings in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after buying an additional 61,830 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Nexstar Media Group by 14.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock valued at $23,802,000 after buying an additional 16,637 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Nexstar Media Group in the first quarter valued at about $654,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $212.38 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $223.36. The company has a fifty day moving average of $203.82 and a 200-day moving average of $198.85. The firm has a market capitalization of $6.44 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.79 and a beta of 0.84.

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

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th. Nexstar Media Group’s payout ratio is presently 46.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NXST shares. Deutsche Bank Aktiengesellschaft cut their price objective on Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Finally, Citigroup decreased their price objective on shares of 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. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.38.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.