Metropolitan Life Insurance Co. NY boosted its position in Nexstar Media Group Inc (NASDAQ:NXST) by 361.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,165 shares of the company’s stock after buying an additional 11,095 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Nexstar Media Group were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in NXST. Penserra Capital Management LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $28,000. Fort L.P. purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $77,000. Bank of Montreal Can grew its position in shares of Nexstar Media Group by 35.4% in the fourth quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock valued at $96,000 after purchasing an additional 321 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $157,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Nexstar Media Group in the fourth quarter valued at $203,000.
In other Nexstar Media Group news, EVP Blake Russell sold 3,000 shares of Nexstar Media Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $107.28, for a total transaction of $321,840.00. Following the completion of the sale, the executive vice president now owns 26,350 shares of the company’s stock, valued at $2,826,828. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Jones sold 35,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $108.31, for a total value of $3,790,850.00. Following the completion of the sale, the insider now directly owns 52,734 shares of the company’s stock, valued at approximately $5,711,619.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,323 shares of company stock valued at $4,576,757. Corporate insiders own 6.40% of the company’s stock.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $3.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.54 by $0.01. Nexstar Media Group had a return on equity of 23.72% and a net margin of 14.08%. The firm had revenue of $798.02 million during the quarter, compared to analyst estimates of $787.00 million. During the same quarter in the previous year, the company posted $7.97 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that Nexstar Media Group Inc will post 6.67 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on NXST shares. Royal Bank of Canada lifted their price target on Nexstar Media Group to $112.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. ValuEngine raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Barrington Research reissued a “buy” rating and set a $110.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, February 26th. BidaskClub lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, B. Riley lifted their price objective on Nexstar Media Group from $123.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Nexstar Media Group presently has a consensus rating of “Buy” and an average target price of $109.50.
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Nexstar Media Group Company Profile
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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