Zeke Capital Advisors LLC Purchases Shares of 2,873 Nexstar Media Group Inc (NXST)
Zeke Capital Advisors LLC purchased a new position in shares of Nexstar Media Group Inc (NASDAQ:NXST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,873 shares of the company’s stock, valued at approximately $225,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Nexstar Media Group by 1.5% in the third quarter. Rhumbline Advisers now owns 52,910 shares of the company’s stock valued at $3,296,000 after purchasing an additional 776 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Nexstar Media Group by 12.1% during the third quarter. Envestnet Asset Management Inc. now owns 8,413 shares of the company’s stock worth $523,000 after buying an additional 908 shares in the last quarter. LPL Financial LLC grew its position in Nexstar Media Group by 16.4% during the fourth quarter. LPL Financial LLC now owns 6,659 shares of the company’s stock worth $521,000 after buying an additional 936 shares in the last quarter. Macquarie Group Ltd. grew its position in Nexstar Media Group by 3.9% during the third quarter. Macquarie Group Ltd. now owns 25,292 shares of the company’s stock worth $1,576,000 after buying an additional 940 shares in the last quarter. Finally, Aperio Group LLC grew its position in Nexstar Media Group by 20.8% during the fourth quarter. Aperio Group LLC now owns 5,581 shares of the company’s stock worth $436,000 after buying an additional 961 shares in the last quarter.
In other news, insider Timothy C. Busch sold 10,000 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $79.13, for a total value of $791,300.00. Following the completion of the transaction, the insider now directly owns 50,214 shares in the company, valued at approximately $3,973,433.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Blake Russell sold 20,000 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the completion of the transaction, the senior vice president now owns 42,861 shares of the company’s stock, valued at $3,356,444.91. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $2,755,550 over the last quarter. 8.40% of the stock is owned by corporate insiders.
Nexstar Media Group stock traded down $0.35 during midday trading on Thursday, reaching $67.30. The company’s stock had a trading volume of 18,349 shares, compared to its average volume of 606,443. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.70. Nexstar Media Group Inc has a 12-month low of $55.95 and a 12-month high of $82.95. The company has a market capitalization of $3,146.96, a PE ratio of 6.77, a PEG ratio of 0.65 and a beta of 1.82.
Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Tuesday, February 27th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.23. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. The firm had revenue of $653.66 million during the quarter, compared to analysts’ expectations of $645.98 million. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 110.9% on a year-over-year basis. equities research analysts expect that Nexstar Media Group Inc will post 8.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Nexstar Media Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, February 15th. Nexstar Media Group’s dividend payout ratio is presently 15.02%.
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Nexstar Media Group Company Profile
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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