Zions Bancorporation N.A. Has $2.02 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Zions Bancorporation N.A. raised its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,226 shares of the company’s stock after purchasing an additional 1,905 shares during the quarter. Zions Bancorporation N.A.’s holdings in Nexstar Media Group were worth $2,022,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CX Institutional raised its position in Nexstar Media Group by 5.0% during the 3rd quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after purchasing an additional 67 shares during the last quarter. Granite Group Advisors LLC lifted its position in shares of Nexstar Media Group by 5.1% during the 1st quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock worth $257,000 after buying an additional 72 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Nexstar Media Group by 7.3% in the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock worth $181,000 after purchasing an additional 74 shares during the period. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Nexstar Media Group by 0.6% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after purchasing an additional 87 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Nexstar Media Group by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock worth $700,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXST. Barrington Research restated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Guggenheim cut their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Finally, Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.50.

Nexstar Media Group Stock Up 0.1 %

Shares of NXST stock opened at $166.18 on Friday. The stock has a market cap of $5.15 billion, a P/E ratio of 9.61, a PEG ratio of 0.19 and a beta of 1.48. Nexstar Media Group, Inc. has a 52 week low of $141.38 and a 52 week 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. The company’s fifty day simple moving average is $168.61 and its two-hundred day simple moving average is $167.11.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $1.69 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.07%. Nexstar Media Group’s payout ratio is presently 39.10%.

Insider Transactions at Nexstar Media Group

In other news, Director Charles Thomas Mcmillen sold 250 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $164.44, for a total value of $41,110.00. Following the sale, the director now owns 7,725 shares in the company, valued at $1,270,299. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Alford sold 3,175 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $167.82, for a total transaction of $532,828.50. Following the completion of the sale, the insider now owns 9,173 shares in the company, valued at $1,539,412.86. The trade was a 25.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,437 shares of company stock valued at $8,429,561. Company 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.