Nexstar Media Group Inc (NXST) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in Nexstar Media Group Inc (NASDAQ:NXST) by 17.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 43,424 shares of the company’s stock after selling 9,486 shares during the period. Rhumbline Advisers owned about 0.10% of Nexstar Media Group worth $3,396,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NXST. First Trust Advisors LP bought a new position in Nexstar Media Group in the 3rd quarter valued at $562,000. Victory Capital Management Inc. bought a new position in Nexstar Media Group in the 3rd quarter valued at $172,000. State Board of Administration of Florida Retirement System boosted its position in Nexstar Media Group by 37.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 23,087 shares of the company’s stock valued at $1,438,000 after buying an additional 6,337 shares during the last quarter. Prudential Financial Inc. boosted its position in Nexstar Media Group by 342.0% in the 3rd quarter. Prudential Financial Inc. now owns 23,017 shares of the company’s stock valued at $1,434,000 after buying an additional 17,810 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in Nexstar Media Group by 17.2% in the 3rd quarter. Alps Advisors Inc. now owns 8,001 shares of the company’s stock valued at $498,000 after buying an additional 1,175 shares during the last quarter.

How to Become a New Pot Stock Millionaire

A number of brokerages have commented on NXST. BidaskClub lowered Nexstar Media Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Wednesday, February 7th. Benchmark reiterated a “buy” rating and issued a $94.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, February 14th. Noble Financial restated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, February 28th. Finally, Wells Fargo restated an “outperform” rating and issued a $102.00 price target (up from $93.00) on shares of Nexstar Media Group in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.67.

NASDAQ:NXST opened at $65.25 on Friday. Nexstar Media Group Inc has a 12-month low of $55.95 and a 12-month high of $82.95. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $2,990.19, a PE ratio of 16.39, a P/E/G ratio of 0.61 and a beta of 1.77.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.23. The business had revenue of $653.66 million for the quarter, compared to analyst estimates of $645.98 million. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. The firm’s revenue was up 110.9% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. analysts forecast that Nexstar Media Group Inc will post 8.49 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Nexstar Media Group Inc (NXST) Shares Sold by Rhumbline Advisers” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/nexstar-media-group-inc-nxst-shares-sold-by-rhumbline-advisers.html.

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.

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.

Leave a Reply