First National Bank of Omaha Invests $1.63 Million in Nexstar Media Group, Inc. $NXST

First National Bank of Omaha acquired a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 8,260 shares of the company’s stock, valued at approximately $1,633,000.

Several other hedge funds have also recently bought and sold shares of NXST. IFP Advisors Inc lifted its position in shares of Nexstar Media Group by 375.0% in the second quarter. IFP Advisors Inc now owns 152 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Nexstar Media Group in the 3rd quarter worth approximately $31,000. Allworth Financial LP boosted its position in Nexstar Media Group by 617.2% during the second quarter. Allworth Financial LP now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 179 shares during the period. Hantz Financial Services Inc. grew its holdings in Nexstar Media Group by 164.5% during the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares during the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Nexstar Media Group in the second quarter valued at approximately $44,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NXST shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Citigroup decreased their price target on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and an average price target of $225.50.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $238.07 on Thursday. The company’s fifty day moving average is $213.19 and its two-hundred day moving average is $202.62. Nexstar Media Group, Inc. has a 52-week low of $141.66 and a 52-week high of $254.30. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.91 and a beta of 0.85.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $7.44 annualized dividend and a yield of 3.1%. Nexstar Media Group’s dividend payout ratio is 46.13%.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.