Bahl & Gaynor Inc. Has $16.30 Million Position in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bahl & Gaynor Inc. reduced its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,958 shares of the company’s stock after selling 14,766 shares during the quarter. Bahl & Gaynor Inc. owned 0.31% of Nexstar Media Group worth $16,295,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Channing Capital Management LLC increased its stake in shares of Nexstar Media Group by 738.8% in the third quarter. Channing Capital Management LLC now owns 506,212 shares of the company’s stock worth $72,576,000 after acquiring an additional 445,859 shares during the last quarter. Boston Financial Mangement LLC raised its position in shares of Nexstar Media Group by 156.5% during the third quarter. Boston Financial Mangement LLC now owns 238,670 shares of the company’s stock valued at $34,218,000 after buying an additional 145,617 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Nexstar Media Group by 15,107.2% during the fourth quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock valued at $19,213,000 after buying an additional 121,764 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Nexstar Media Group by 71.0% during the third quarter. New York State Common Retirement Fund now owns 249,679 shares of the company’s stock valued at $35,796,000 after buying an additional 103,636 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Nexstar Media Group by 103.1% during the third quarter. AQR Capital Management LLC now owns 142,146 shares of the company’s stock valued at $20,219,000 after buying an additional 72,145 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nexstar Media Group

In other news, CEO Perry A. Sook sold 31,758 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the sale, the chief executive officer now owns 636,788 shares of the company’s stock, valued at $101,032,784.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Michael Strober sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $167.49, for a total transaction of $167,490.00. Following the sale, the executive vice president now directly owns 1,076 shares of the company’s stock, valued at $180,219.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Perry A. Sook sold 31,758 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $5,038,724.28. Following the completion of the transaction, the chief executive officer now directly owns 636,788 shares in the company, valued at $101,032,784.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,508 shares of company stock valued at $7,487,950. Corporate insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

NXST has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, March 7th. TheStreet raised shares of Nexstar Media Group from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, Rosenblatt Securities cut their price objective on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.83.

Nexstar Media Group Price Performance

NASDAQ:NXST traded down $2.06 during mid-day trading on Friday, hitting $158.92. The company’s stock had a trading volume of 250,869 shares, compared to its average volume of 341,795. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 0.61 and a beta of 1.50. The stock has a fifty day moving average of $165.27 and a 200-day moving average of $158.96.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($1.10). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. Nexstar Media Group had a return on equity of 14.06% and a net margin of 7.03%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $8.04 EPS. As a group, equities analysts forecast that Nexstar Media Group, Inc. will post 26.73 EPS for the current fiscal year.

About Nexstar Media Group

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.