Nexstar Media Group Inc (NXST) Position Cut by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can decreased its holdings in Nexstar Media Group Inc (NASDAQ:NXST) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,305 shares of the company’s stock after selling 668 shares during the period. Great West Life Assurance Co. Can’s holdings in Nexstar Media Group were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Penserra Capital Management LLC acquired a new position in shares of Nexstar Media Group during the 4th quarter worth about $28,000. Bank of Montreal Can raised its holdings in Nexstar Media Group by 35.4% in the 4th quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock valued at $96,000 after acquiring an additional 321 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Nexstar Media Group in the 4th quarter valued at about $157,000. O Shaughnessy Asset Management LLC acquired a new stake in Nexstar Media Group in the 4th quarter valued at about $203,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new stake in Nexstar Media Group in the 3rd quarter valued at about $217,000.

In other news, EVP Brett Jenkins sold 823 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $108.01, for a total value of $88,892.23. Following the completion of the transaction, the executive vice president now owns 14,926 shares of the company’s stock, valued at $1,612,157.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Martin Pompadur sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $104.60, for a total transaction of $104,600.00. Following the completion of the transaction, the director now directly owns 8,875 shares of the company’s stock, valued at approximately $928,325. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,573 shares of company stock worth $5,142,132. Insiders own 6.40% of the company’s stock.

Several research firms have recently weighed in on NXST. Benchmark reissued a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of Nexstar Media Group in a research note on Thursday, March 21st. BidaskClub raised shares of Nexstar Media Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Saturday, February 23rd. B. Riley increased their price objective on shares of Nexstar Media Group from $123.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Barrington Research reiterated a “buy” rating and set a $110.00 target price on shares of Nexstar Media Group in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.50.

Shares of Nexstar Media Group stock opened at $116.85 on Friday. Nexstar Media Group Inc has a 1 year low of $60.30 and a 1 year high of $119.93. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.08. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.58.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data 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. The company had revenue of $798.02 million for the quarter, compared to the consensus estimate of $787.00 million. Nexstar Media Group had a net margin of 14.08% and a return on equity of 23.72%. Nexstar Media Group’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $7.97 EPS. On average, research analysts forecast that Nexstar Media Group Inc will post 6.67 EPS for the current year.

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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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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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