Bruni J V & Co. Co. Has $30.63 Million Holdings in Nexstar Media Group, Inc. (NASDAQ:NXST)

Bruni J V & Co. Co. raised its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,434 shares of the company’s stock after buying an additional 702 shares during the quarter. Nexstar Media Group accounts for about 3.8% of Bruni J V & Co. Co.’s portfolio, making the stock its 14th largest position. Bruni J V & Co. Co.’s holdings in Nexstar Media Group were worth $30,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NXST. OLD Second National Bank of Aurora bought a new position in shares of Nexstar Media Group during the 4th quarter valued at about $45,000. Itau Unibanco Holding S.A. bought a new stake in Nexstar Media Group in the 3rd quarter valued at $65,000. Signaturefd LLC boosted its stake in Nexstar Media Group by 20.3% in the 4th quarter. Signaturefd LLC now owns 420 shares of the company’s stock worth $66,000 after purchasing an additional 71 shares during the period. Arlington Trust Co LLC bought a new position in Nexstar Media Group during the 4th quarter worth about $81,000. Finally, Huntington National Bank raised its stake in shares of Nexstar Media Group by 95.2% in the 3rd quarter. Huntington National Bank now owns 652 shares of the company’s stock valued at $93,000 after purchasing an additional 318 shares during the period. 95.30% of the stock is owned by institutional investors.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $170.82, for a total value of $341,640.00. Following the sale, the director now owns 12,027 shares of the company’s stock, valued at approximately $2,054,452.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Dennis J. Fitzsimons sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $170.82, for a total value of $341,640.00. Following the sale, the director now directly owns 12,027 shares in the company, valued at approximately $2,054,452.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisbeth Mcnabb sold 3,175 shares of Nexstar Media Group stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $168.00, for a total value of $533,400.00. Following the sale, the director now directly owns 5,252 shares in the company, valued at $882,336. The disclosure for this sale can be found here. Insiders sold a total of 46,508 shares of company stock valued at $7,487,950 over the last quarter. 5.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Nexstar Media Group Stock Performance

NXST traded down $2.06 on Friday, reaching $158.92. The company had a trading volume of 250,869 shares, compared to its average volume of 211,786. The company’s fifty day moving average is $164.98 and its 200 day moving average is $159.11. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $5.31 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.59 and a beta of 1.50. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32.

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

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, May 9th. Nexstar Media Group’s payout ratio is currently 70.20%.

Nexstar Media Group 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.