<div id="readability-page-1"><p>Momentum Wealth Planning LLC bought a new stake in  Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,179 shares of the company's stock, valued at approximately $2,798,000. Nexstar Media Group accounts for  2.4% of Momentum Wealth Planning LLC's investment portfolio, making the stock its 14th biggest holding. Momentum Wealth Planning LLC owned approximately 0.05% of Nexstar Media Group as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Nexstar Media Group</strong> alerts:</span></p></div><ul><li>5 Mid-Caps to Buy Before the Next Broad Market Sell-Off</li></ul><p>Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in  Nexstar Media Group by 112.8% during the first quarter. Deutsche Bank AG now owns 7,345 shares of the company's stock valued at $1,316,000 after buying an additional 3,894 shares during the period.  Nuveen LLC purchased a new stake in shares of  Nexstar Media Group in the 1st quarter worth about $13,202,000.  Kovitz Investment Group Partners LLC increased its stake in shares of  Nexstar Media Group by 36.3% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 8,628 shares of the company's stock worth $1,546,000 after acquiring an additional 2,300 shares in the last quarter.  Fox Run Management L.L.C. purchased a new position in  Nexstar Media Group during the 1st quarter valued at about $319,000.  Finally, Dimensional Fund Advisors LP lifted its position in  Nexstar Media Group by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock valued at $240,481,000 after acquiring an additional 10,544 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors. </p><h2>Nexstar Media Group Price Performance</h2><p>Shares of NASDAQ NXST opened at $203.67 on Monday. The firm has a market cap of $6.18 billion, a P/E ratio of 12.63, a PEG ratio of 1.62 and a beta of 0.85. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $223.36. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76. The company has a 50 day moving average of $193.02 and a 200 day moving average of $190.52. </p><ul><li>Disney Denies Rumors of TV Sale, After Stock Jumps on News</li></ul><p>Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $2.14 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $5.27 EPS. The firm's revenue for the quarter was down 12.3% on a year-over-year basis.  As a group, research analysts expect that  Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year. </p><h2>Nexstar Media Group Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $1.86 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.44 dividend on an annualized basis and a yield of 3.7%. Nexstar Media Group's payout ratio is 46.13%. </p><h2>Analyst Ratings Changes</h2><ul><li>3 Value Stocks with Room to Run</li></ul><p>NXST has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Nexstar Media Group from $229.00 to $225.00 and set a &#34;buy&#34; rating on the stock in a report on Tuesday, November 11th. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Nexstar Media Group in a research note on Monday, December 8th. Barrington Research  reaffirmed an &#34;outperform&#34; rating and set a $225.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, August 19th. Citigroup dropped their target price on Nexstar Media Group from $218.00 to $204.00 and set a &#34;neutral&#34; rating on the stock in a report on Tuesday, November 25th. Finally, Guggenheim increased their target price on Nexstar Media Group from $220.00 to $250.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and three have issued  a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $222.38.</p><p><b>Check Out Our Latest Stock Analysis on Nexstar Media Group</b></p><h2>Nexstar Media Group Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Nexstar Media Group</li><li>What Investors Need to Know to Beat the Market</li><li>3 Underrated Robotics Stocks Poised for Huge Gains</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>Growth Stocks: What They Are, What They Are Not</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li></ul><p><strong>Want to see what other hedge funds are holding NXST?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlhTVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlhTVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Nexstar Media Group Right Now?</h2><p>Before you consider Nexstar Media Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexstar Media Group wasn't on the list.</p><p>While Nexstar Media Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NXST

<p>Momentum Wealth Planning LLC invested $2.80 million in Nexstar Media Group, acquiring 16,179 shares. Nexstar accounts for 2.4% of Momentum's portfolio. Other investors like Deutsche Bank and Nuveen LLC also adjusted their stakes. Nexstar's stock opened at $203.67, with a market cap of $6.18 billion. Analysts have mixed ratings, with price targets ranging from $204 to $250. Nexstar announced a quarterly dividend of $1.86 per share.</p>

Momentum Wealth Planning LLC Makes New $2.80 Million Investment in Nexstar Media Group, Inc. $NXST