Cookson Peirce & Co. Inc. Has $470,000 Stake in Nexstar Media Group, Inc. (NASDAQ:NXST)

Cookson Peirce & Co. Inc. boosted its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 10.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,998 shares of the company’s stock after purchasing an additional 273 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Nexstar Media Group were worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in Nexstar Media Group by 4.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,619 shares of the company’s stock valued at $305,000 after buying an additional 62 shares during the period. Kestra Advisory Services LLC increased its holdings in Nexstar Media Group by 5.0% in the 2nd quarter. Kestra Advisory Services LLC now owns 1,397 shares of the company’s stock valued at $233,000 after buying an additional 67 shares during the period. Fifth Third Bancorp increased its holdings in Nexstar Media Group by 7.8% in the 4th quarter. Fifth Third Bancorp now owns 1,122 shares of the company’s stock valued at $176,000 after buying an additional 81 shares during the period. Treasurer of the State of North Carolina increased its holdings in Nexstar Media Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 19,999 shares of the company’s stock valued at $2,867,000 after buying an additional 91 shares during the period. Finally, First National Bank of Omaha grew its holdings in shares of Nexstar Media Group by 0.9% during the 2nd quarter. First National Bank of Omaha now owns 10,525 shares of the company’s stock valued at $1,753,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Stock Down 0.5 %

NASDAQ:NXST opened at $159.05 on Wednesday. The firm’s 50 day simple moving average is $165.77 and its 200 day simple moving average is $158.01. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.53 and a quick ratio of 1.53. Nexstar Media Group, Inc. has a one year low of $132.30 and a one year high of $187.32. The company has a market cap of $5.32 billion, a PE ratio of 16.52, a P/E/G ratio of 0.60 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Wednesday, February 28th. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $4.42 by ($1.10). Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $8.04 earnings per share. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. On average, research analysts anticipate that Nexstar Media Group, Inc. will post 26.73 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.35. This represents a $6.76 annualized dividend and a yield of 4.25%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 70.20%.

Insider Transactions at Nexstar Media Group

In other news, CEO Perry A. Sook sold 31,758 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the transaction, the chief executive officer now owns 636,788 shares in the company, valued at approximately $101,032,784.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Perry A. Sook sold 31,758 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $5,038,724.28. Following the transaction, the chief executive officer now owns 636,788 shares in the company, valued at approximately $101,032,784.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sean Compton sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $162.61, for a total transaction of $487,830.00. Following the completion of the transaction, the insider now owns 9,489 shares in the company, valued at approximately $1,543,006.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,508 shares of company stock worth $7,487,950. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NXST shares. Rosenblatt Securities decreased their price target on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, March 7th. Finally, TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.83.

Nexstar Media Group 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.