Atria Investments Inc Has $1.57 Million Stock Holdings in Nexstar Media Group, Inc. $NXST

Atria Investments Inc decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,098 shares of the company’s stock after selling 862 shares during the period. Atria Investments Inc’s holdings in Nexstar Media Group were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Nexstar Media Group by 375.0% during the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Nexstar Media Group during the 2nd quarter worth approximately $43,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Nexstar Media Group by 2,293.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company’s stock worth $69,000 after acquiring an additional 367 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Nexstar Media Group by 186.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 453 shares of the company’s stock worth $81,000 after acquiring an additional 295 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Nexstar Media Group by 86.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 509 shares of the company’s stock worth $91,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Trading Down 1.0%

NXST opened at $196.32 on Thursday. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $223.36. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.80. The company has a fifty day moving average of $199.23 and a 200-day moving average of $184.88. The stock has a market cap of $5.95 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. Nexstar Media Group had a net margin of 11.90% and a return on equity of 28.40%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted $3.54 earnings per share. Nexstar Media Group’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.86 per share. The ex-dividend date is Wednesday, November 12th. This represents a $7.44 annualized dividend and a dividend yield of 3.8%. Nexstar Media Group’s dividend payout ratio is 38.63%.

Analysts Set New Price Targets

NXST has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Nexstar Media Group in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Nexstar Media Group from $206.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Barrington Research reissued an “outperform” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, August 19th. Zacks Research raised shares of Nexstar Media Group to a “hold” rating in a research note on Friday, August 8th. Finally, Guggenheim increased their price objective on shares of Nexstar Media Group from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

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.