Fmr LLC lessened its stake in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 27.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,349,867 shares of the company’s stock after selling 518,627 shares during the quarter. Fmr LLC’s holdings in Nexstar Media Group were worth $99,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC grew its position in shares of Nexstar Media Group by 99.7% in the 1st quarter. SG Americas Securities LLC now owns 3,029 shares of the company’s stock worth $201,000 after buying an additional 1,512 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Nexstar Media Group by 17.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,227 shares of the company’s stock worth $1,811,000 after buying an additional 3,960 shares during the last quarter. Swiss National Bank grew its position in shares of Nexstar Media Group by 2.5% in the 1st quarter. Swiss National Bank now owns 76,460 shares of the company’s stock worth $5,085,000 after buying an additional 1,900 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Nexstar Media Group by 13.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 274,260 shares of the company’s stock worth $18,239,000 after buying an additional 33,240 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Nexstar Media Group in the 1st quarter worth approximately $743,000.

NXST stock opened at $80.00 on Tuesday. The company has a market capitalization of $3.69 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.00 and a beta of 1.89. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.59. Nexstar Media Group Inc has a 52 week low of $57.65 and a 52 week high of $89.75.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Wednesday, August 8th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The company had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $657.92 million. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. Nexstar Media Group’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. equities research analysts forecast that Nexstar Media Group Inc will post 8.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, August 9th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

In other Nexstar Media Group news, insider Andrew Alford sold 1,000 shares of Nexstar Media Group stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $82.30, for a total transaction of $82,300.00. Following the completion of the sale, the insider now directly owns 370 shares in the company, valued at approximately $30,451. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas Davis sold 1,875 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $77.41, for a total transaction of $145,143.75. Following the sale, the insider now owns 683 shares of the company’s stock, valued at $52,871.03. The disclosure for this sale can be found here. Insiders sold a total of 5,263 shares of company stock valued at $409,555 over the last quarter. 6.40% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Evercore ISI assumed coverage on shares of Nexstar Media Group in a research report on Tuesday, July 31st. They issued an “in-line” rating and a $87.00 price objective on the stock. ValuEngine downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. B. Riley lifted their price objective on shares of Nexstar Media Group from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Noble Financial downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $90.08.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

See Also: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding NXST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexstar Media Group Inc (NASDAQ:NXST).

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

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.