Nexstar Media Group Inc (NXST) Holdings Boosted by Creative Planning

Creative Planning grew its position in Nexstar Media Group Inc (NASDAQ:NXST) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,215 shares of the company’s stock after purchasing an additional 1,165 shares during the quarter. Creative Planning’s holdings in Nexstar Media Group were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of Nexstar Media Group by 88.7% in the 1st quarter. LPL Financial LLC now owns 12,567 shares of the company’s stock valued at $836,000 after purchasing an additional 5,908 shares during the period. Principal Financial Group Inc. grew its stake in shares of Nexstar Media Group by 8.6% in the 1st quarter. Principal Financial Group Inc. now owns 187,216 shares of the company’s stock valued at $12,450,000 after purchasing an additional 14,866 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Nexstar Media Group by 43.6% in the 1st quarter. Allianz Asset Management GmbH now owns 24,294 shares of the company’s stock valued at $1,616,000 after purchasing an additional 7,377 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Nexstar Media Group by 21.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,430 shares of the company’s stock valued at $545,000 after purchasing an additional 1,300 shares during the period. Finally, Fortaleza Asset Management Inc. grew its stake in shares of Nexstar Media Group by 148.0% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 2,815 shares of the company’s stock valued at $207,000 after purchasing an additional 1,680 shares during the period.

Several research firms have recently weighed in on NXST. Evercore ISI began coverage on Nexstar Media Group in a research note on Tuesday, July 31st. They issued an “in-line” rating and a $87.00 price objective on the stock. BidaskClub upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 5th. ValuEngine lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Noble Financial lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Finally, Stephens set a $94.00 price objective on Nexstar Media Group and gave the company a “buy” rating in a research note on Thursday, August 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.70.

In related news, Director Lisbeth Mcnabb sold 1,400 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $80.70, for a total transaction of $112,980.00. Following the sale, the director now directly owns 1,725 shares in the company, valued at approximately $139,207.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Blake Russell sold 7,262 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $82.90, for a total value of $602,019.80. Following the sale, the executive vice president now owns 31,950 shares in the company, valued at $2,648,655. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,950 shares of company stock worth $1,796,747. 6.40% of the stock is owned by corporate insiders.

NASDAQ NXST opened at $81.40 on Friday. The company has a market cap of $3.67 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.76. Nexstar Media Group Inc has a one year low of $60.30 and a one year high of $89.75. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.43 and a current ratio of 2.43.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 8th. The company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.15. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $676.34 million. Nexstar Media Group had a return on equity of 17.28% and a net margin of 22.07%. Nexstar Media Group’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Analysts forecast that Nexstar Media Group Inc will post 8.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.84%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

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Nexstar Media Group 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.

See Also: What are CEFs?

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

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