Quartz Partners LLC Has $545,000 Stock Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Quartz Partners LLC grew its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,450 shares of the company’s stock after purchasing an additional 212 shares during the period. Quartz Partners LLC’s holdings in Nexstar Media Group were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXST. BNP Paribas Financial Markets lifted its holdings in shares of Nexstar Media Group by 67.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock valued at $4,339,000 after buying an additional 10,603 shares during the last quarter. SGL Investment Advisors Inc. bought a new stake in Nexstar Media Group in the third quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. increased its stake in shares of Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after purchasing an additional 7,117 shares during the last quarter. Quest Partners LLC increased its stake in shares of Nexstar Media Group by 661.4% during the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after purchasing an additional 7,533 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of Nexstar Media Group by 680.9% in the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock valued at $2,847,000 after purchasing an additional 15,014 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nexstar Media Group news, CEO Perry A. Sook sold 52,808 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total value of $8,312,507.28. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. This trade represents a 7.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles Thomas Mcmillen sold 750 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the transaction, the director now directly owns 6,975 shares of the company’s stock, valued at $1,115,511.75. This represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,493 shares of company stock valued at $20,354,366. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on NXST. Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Guggenheim reissued a “buy” rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Finally, Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.29.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $149.56 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The business has a 50 day moving average price of $155.72 and a 200 day moving average price of $163.57. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.45 and a beta of 1.45. Nexstar Media Group, Inc. has a twelve month low of $147.25 and a twelve month high of $191.86.

Nexstar Media Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.86 dividend. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date is Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.97%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 43.03%.

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.