King Luther Capital Management Corp Has $4.63 Million Stake in Nexstar Media Group Inc (NASDAQ:NXST)

King Luther Capital Management Corp lessened its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,675 shares of the company’s stock after selling 930 shares during the quarter. King Luther Capital Management Corp owned about 0.09% of Nexstar Media Group worth $4,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXST. Legacy Bridge LLC acquired a new position in shares of Nexstar Media Group during the first quarter valued at $26,000. Penserra Capital Management LLC acquired a new position in shares of Nexstar Media Group during the fourth quarter valued at $28,000. Private Capital Group LLC increased its holdings in shares of Nexstar Media Group by 46.3% during the first quarter. Private Capital Group LLC now owns 392 shares of the company’s stock valued at $42,000 after purchasing an additional 124 shares during the period. Synovus Financial Corp acquired a new position in shares of Nexstar Media Group during the first quarter valued at $54,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Nexstar Media Group during the first quarter valued at $66,000.

In other news, Director Dennis Miller sold 625 shares of Nexstar Media Group stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $102.17, for a total transaction of $63,856.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.40% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on NXST. Zacks Investment Research raised Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Barrington Research reaffirmed a “buy” rating and set a $135.00 target price on shares of Nexstar Media Group in a report on Monday, May 13th. BidaskClub lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. B. Riley set a $139.00 price target on Nexstar Media Group and gave the company a “buy” rating in a research report on Tuesday, May 14th. Finally, ValuEngine lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $113.13.

NASDAQ NXST traded up $0.84 during trading on Friday, reaching $101.00. 773,584 shares of the company’s stock were exchanged, compared to its average volume of 539,691. Nexstar Media Group Inc has a fifty-two week low of $70.09 and a fifty-two week high of $119.93. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.50 and a beta of 1.60. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average price of $102.58.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.02). Nexstar Media Group had a return on equity of 23.08% and a net margin of 14.26%. The firm had revenue of $626.65 million for the quarter, compared to analysts’ expectations of $640.35 million. During the same period last year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Nexstar Media Group Inc will post 6.59 earnings per share for the current fiscal year.

Nexstar Media Group Company Profile

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

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

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