Blueport Capital L.P. increased its position in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) by 72.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,070 shares of the company’s stock after buying an additional 2,557 shares during the period. Nexstar Broadcasting Group accounts for about 6.8% of Blueport Capital L.P.’s investment portfolio, making the stock its 7th biggest position. Blueport Capital L.P.’s holdings in Nexstar Broadcasting Group were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position in shares of Nexstar Broadcasting Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock worth $408,000 after buying an additional 18 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Nexstar Broadcasting Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after buying an additional 99 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Nexstar Broadcasting Group by 0.6% in the second quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after buying an additional 131 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Nexstar Broadcasting Group by 8.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock worth $239,000 after buying an additional 312 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Nexstar Broadcasting Group by 10.8% in the second quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock worth $356,000 after buying an additional 582 shares in the last quarter.

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Shares of Nexstar Broadcasting Group, Inc. (NXST) traded up $0.70 during midday trading on Monday, reaching $65.95. The company’s stock had a trading volume of 766,800 shares, compared to its average volume of 719,361. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.58. Nexstar Broadcasting Group, Inc. has a 52 week low of $55.95 and a 52 week high of $73.90. The company has a market capitalization of $3,005.09, a PE ratio of 17.31, a P/E/G ratio of 1.46 and a beta of 2.24.

Nexstar Broadcasting Group (NASDAQ:NXST) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The company had revenue of $611.87 million for the quarter, compared to analysts’ expectations of $609.44 million. Nexstar Broadcasting Group had a return on equity of 16.20% and a net margin of 5.60%. The firm’s revenue for the quarter was up 122.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. equities analysts predict that Nexstar Broadcasting Group, Inc. will post 3.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. Nexstar Broadcasting Group’s dividend payout ratio is 45.11%.

A number of research firms recently commented on NXST. BidaskClub downgraded Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. B. Riley reiterated a “buy” rating and issued a $79.00 target price on shares of Nexstar Broadcasting Group in a research report on Wednesday, November 1st. Deutsche Bank AG assumed coverage on Nexstar Broadcasting Group in a research report on Friday, October 20th. They issued a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Saturday, October 21st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $80.00 price objective on shares of Nexstar Broadcasting Group in a research note on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $82.00.

In other news, insider Gary Michael Vaughn sold 5,050 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $61.35, for a total transaction of $309,817.50. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $613,500. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Perry A. Sook sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $66.13, for a total value of $19,839,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,270,307 shares of company stock worth $77,985,660. Insiders own 8.40% of the company’s stock.

Nexstar Broadcasting Group 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.

Institutional Ownership by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)

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