Nexstar Media Group Inc (NXST) Shares Sold by Phocas Financial Corp.

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Phocas Financial Corp. cut its holdings in Nexstar Media Group Inc (NASDAQ:NXST) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 205,618 shares of the company’s stock after selling 4,682 shares during the period. Nexstar Media Group comprises approximately 1.8% of Phocas Financial Corp.’s portfolio, making the stock its largest holding. Phocas Financial Corp.’s holdings in Nexstar Media Group were worth $16,170,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NXST. Penserra Capital Management LLC bought a new position in shares of Nexstar Media Group during the fourth quarter valued at about $28,000. Fort L.P. bought a new position in shares of Nexstar Media Group during the fourth quarter valued at about $77,000. Bank of Montreal Can raised its stake in shares of Nexstar Media Group by 35.4% during the fourth quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock valued at $96,000 after acquiring an additional 321 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Nexstar Media Group during the fourth quarter valued at about $157,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Nexstar Media Group during the fourth quarter valued at about $203,000.

Several equities analysts have recently commented on NXST shares. Royal Bank of Canada upped their price objective on shares of Nexstar Media Group to $112.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Saturday, December 1st. ValuEngine upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. BidaskClub cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, Stephens upped their price objective on shares of Nexstar Media Group from $94.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, December 4th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.50.

Shares of NASDAQ NXST traded down $0.91 during midday trading on Monday, hitting $104.29. The stock had a trading volume of 2,746 shares, compared to its average volume of 700,655. The company has a market cap of $4.82 billion, a PE ratio of 12.20, a P/E/G ratio of 1.58 and a beta of 1.56. Nexstar Media Group Inc has a 52 week low of $60.30 and a 52 week high of $109.55. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.90 and a current ratio of 1.90.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Tuesday, February 26th. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.32). The firm had revenue of $798.02 million during the quarter, compared to the consensus estimate of $787.00 million. Nexstar Media Group had a return on equity of 23.72% and a net margin of 14.08%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.97 EPS. On average, analysts forecast that Nexstar Media Group Inc will post 6.67 earnings per share for the current fiscal year.

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Nexstar Media Group 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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