NXST Nexstar Broadcasting Group Inc

Copeland Capital Management LLC has reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by selling 20,200 shares, now holding 396,779 shares valued at approximately $78.46 million. Despite the reduction, Nexstar remains the firm's 9th largest holding, making up 1.6% of its portfolio. Nexstar Media Group recently missed quarterly EPS estimates but declared a $1.86 quarterly dividend, offering a 3.7% yield, and maintains a "Moderate Buy" consensus rating from analysts with a target price of $222.38.

Harbor Capital Advisors Inc. significantly reduced its stake in Nexstar Media Group by 71.1%, selling 7,689 shares and retaining 3,123 shares valued at approximately $618,000. Despite Nexstar missing its recent quarterly EPS and revenue expectations, analysts maintain a "Moderate Buy" rating with an average price target of $222.38. Other institutional investors also adjusted their positions in the media company, which trades near $204.95 with a market cap of $6.22 billion and offers a 3.6% annualized dividend yield.

Pacer Advisors Inc. significantly increased its stake in Nexstar Media Group (NASDAQ:NXST) by 43.3% in the third quarter, acquiring 130,283 additional shares to hold a total of 430,913 shares valued at approximately $85.2 million. Despite missing Q3 EPS and reporting a revenue decline, Nexstar maintains a "Moderate Buy" consensus rating from analysts with an average price target of $222.38 and pays a quarterly dividend of $1.86, representing a 3.7% yield. Other institutional investors also adjusted their holdings in the company during the same period.

Nexstar Media Group, Inc. has seen its valuation grade shift from "expensive" to "very expensive" amidst a decline in net sales and operating profit. Despite a high dividend yield of 415.88%, the company faces financial challenges, as indicated by its P/E ratio of 10, price-to-book value of 2.72, and a PEG ratio of 0.12. The adjustment reflects a complex financial landscape for the media and entertainment company.

Wedge Capital Management L L P NC reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 20.4% in the third quarter, holding 23,685 shares valued at $4.683 million. Other institutional investors also adjusted their positions in NXST. Analysts currently have a "Moderate Buy" rating for Nexstar with a consensus price target of $222.38, despite the company missing its recent quarterly earnings estimates and experiencing a 12.3% year-over-year revenue decline.

Nexstar will host its Coast-to-Coast NYE Countdown to 2026, featuring performances by bands like Cheap Trick and Styx. The event will include a New York City ball drop, fireworks and drone shows in Dallas and Phoenix, and fireworks displays on the Las Vegas Strip. The broadcast will run from 9 p.m. MT to 1:30 a.m. MT.