Boothbay Fund Management LLC reduced its stake in shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) by 46.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,298 shares of the company’s stock after selling 52,471 shares during the quarter. Boothbay Fund Management LLC owned about 0.13% of Nexstar Broadcasting Group worth $3,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. increased its stake in Nexstar Broadcasting Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,826 shares of the company’s stock worth $408,000 after acquiring an additional 18 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Nexstar Broadcasting Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after acquiring an additional 99 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Nexstar Broadcasting Group by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after acquiring an additional 131 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Nexstar Broadcasting Group by 8.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock valued at $239,000 after buying an additional 312 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Nexstar Broadcasting Group by 10.8% during the second quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock valued at $356,000 after buying an additional 582 shares during the period.

Nexstar Broadcasting Group, Inc. (NASDAQ NXST) opened at $71.20 on Thursday. Nexstar Broadcasting Group, Inc. has a 12-month low of $55.95 and a 12-month high of $73.90. The stock has a market capitalization of $3,196.46, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.58 and a beta of 2.21. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35.

Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. Nexstar Broadcasting Group had a return on equity of 16.20% and a net margin of 5.60%. Nexstar Broadcasting Group’s quarterly revenue was up 122.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. equities research analysts forecast that Nexstar Broadcasting Group, Inc. will post 3.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Nexstar Broadcasting Group’s payout ratio is 45.11%.

NXST has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on Nexstar Broadcasting Group in a research report on Friday, October 20th. They set a “buy” rating and a $80.00 target price for the company. Zacks Investment Research lowered Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine lowered Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. B. Riley boosted their target price on Nexstar Broadcasting Group from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Jefferies Group restated a “buy” rating and set a $80.00 target price on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $82.00.

In related news, EVP Elizabeth Ryder sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $65.87, for a total value of $197,610.00. Following the completion of the sale, the executive vice president now owns 5,210 shares in the company, valued at $343,182.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Perry A. Sook sold 300,000 shares of the business’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. Insiders sold 1,275,517 shares of company stock valued at $78,330,876 in the last quarter. 7.80% of the stock is owned by company insiders.

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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.

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

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