Mesirow Financial Investment Management Equity Management trimmed its holdings in Nexstar Media Group (NASDAQ:NXST) by 21.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,673 shares of the company’s stock after selling 48,915 shares during the quarter. Mesirow Financial Investment Management Equity Management owned about 0.39% of Nexstar Media Group worth $12,014,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. AXA boosted its holdings in Nexstar Media Group by 89.2% in the fourth quarter. AXA now owns 146,557 shares of the company’s stock valued at $11,461,000 after purchasing an additional 69,100 shares in the last quarter. Windacre Partnership LLC acquired a new position in Nexstar Media Group in the fourth quarter valued at approximately $58,595,000. Deprince Race & Zollo Inc. boosted its holdings in Nexstar Media Group by 26.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 448,037 shares of the company’s stock valued at $35,036,000 after purchasing an additional 93,798 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Nexstar Media Group by 12.8% in the fourth quarter. Baird Financial Group Inc. now owns 24,073 shares of the company’s stock valued at $1,883,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Fondren Management LP acquired a new position in Nexstar Media Group in the fourth quarter valued at approximately $1,173,000.
A number of equities analysts recently issued reports on NXST shares. BidaskClub downgraded Nexstar Media Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 3rd. Zacks Investment Research raised Nexstar Media Group from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, January 30th. ValuEngine cut Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Benchmark reiterated a “buy” rating and issued a $94.00 price objective on shares of Nexstar Media Group in a research note on Thursday, May 10th. Finally, Barrington Research reduced their price objective on Nexstar Media Group to $96.00 and set an “outperform” rating for the company in a research note on Friday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $88.50.
Nexstar Media Group opened at $68.20 on Friday, Marketbeat reports. Nexstar Media Group has a 12 month low of $66.80 and a 12 month high of $67.95. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $3.12 billion, a PE ratio of 17.14, a P/E/G ratio of 1.39 and a beta of 1.73.
Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Wednesday, May 9th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.11). Nexstar Media Group had a return on equity of 15.56% and a net margin of 20.63%. The company had revenue of $615.34 million for the quarter, compared to analysts’ expectations of $612.37 million. During the same quarter last year, the company earned $0.13 EPS. Nexstar Media Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. sell-side analysts anticipate that Nexstar Media Group will post 8.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, May 10th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.
Nexstar Media Group Company Profile
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
Want to see what other hedge funds are holding NXST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexstar Media Group (NASDAQ:NXST).
Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.