Mesirow Financial Investment Management Equity Management boosted its position in Nexstar Media Group Inc (NASDAQ:NXST) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,623 shares of the company’s stock after acquiring an additional 18,780 shares during the quarter. Nexstar Media Group accounts for approximately 1.5% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 18th largest holding. Mesirow Financial Investment Management Equity Management owned about 0.44% of Nexstar Media Group worth $16,495,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Nexstar Media Group by 64.8% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock valued at $178,000 after buying an additional 953 shares during the last quarter. Fortaleza Asset Management Inc. grew its stake in shares of Nexstar Media Group by 148.0% during the second quarter. Fortaleza Asset Management Inc. now owns 2,815 shares of the company’s stock valued at $207,000 after buying an additional 1,680 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Nexstar Media Group during the second quarter valued at about $211,000. Alpha Cubed Investments LLC bought a new position in shares of Nexstar Media Group during the third quarter valued at about $231,000. Finally, Creative Planning bought a new position in shares of Nexstar Media Group during the second quarter valued at about $224,000.
NASDAQ NXST opened at $72.51 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $3.29 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.78. Nexstar Media Group Inc has a 1 year low of $60.30 and a 1 year high of $89.75.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 15th. This represents a $1.50 annualized dividend and a dividend yield of 2.07%. Nexstar Media Group’s payout ratio is presently 37.69%.
In other Nexstar Media Group news, insider Andrew Alford sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $82.30, for a total value of $82,300.00. Following the completion of the sale, the insider now directly owns 370 shares in the company, valued at $30,451. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Blake Russell sold 7,262 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $82.90, for a total transaction of $602,019.80. Following the completion of the sale, the executive vice president now owns 31,950 shares of the company’s stock, valued at $2,648,655. The disclosure for this sale can be found here. Insiders sold 21,950 shares of company stock worth $1,796,747 over the last three months. 6.40% of the stock is owned by insiders.
A number of research analysts have recently issued reports on NXST shares. ValuEngine raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. BidaskClub cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Evercore ISI started coverage on Nexstar Media Group in a research note on Tuesday, July 31st. They set an “in-line” rating and a $87.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $87.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $90.08.
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.
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