Oregon Public Employees Retirement Fund Sells 200 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST)

Oregon Public Employees Retirement Fund lowered its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,954 shares of the company’s stock after selling 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Nexstar Media Group were worth $941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Nexstar Media Group in the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in shares of Nexstar Media Group during the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group during the third quarter valued at approximately $33,000. Capital Performance Advisors LLP bought a new position in shares of Nexstar Media Group during the third quarter valued at approximately $44,000. Finally, Quarry LP raised its holdings in shares of Nexstar Media Group by 111.1% during the third quarter. Quarry LP now owns 627 shares of the company’s stock valued at $104,000 after acquiring an additional 330 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim upped their target price on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday. Benchmark upped their target price on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday. Finally, Loop Capital raised Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $190.00 to $200.00 in a research note on Friday. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Buy” and a consensus target price of $210.29.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $169.15 on Friday. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.45 and a beta of 1.45. The business’s fifty day moving average is $155.29 and its 200 day moving average is $163.44. Nexstar Media Group, Inc. has a twelve month low of $146.04 and a twelve month high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.86 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is currently 43.03%.

Insider Transactions at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 750 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $159.93, for a total value of $119,947.50. Following the sale, the director now directly owns 6,975 shares of the company’s stock, valued at approximately $1,115,511.75. This represents a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Perry A. Sook sold 37,025 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $160.14, for a total value of $5,929,183.50. Following the transaction, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $108,045,497.16. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,493 shares of company stock valued at $20,354,366. Insiders own 6.30% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.