Capital Management Corp Reduces Nexstar Stake by $5.82 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy NXST?
Source: Fool
- Share Reduction Details: Capital Management Corp disclosed a reduction of 29,799 shares in Nexstar Media Group during Q4 2022, with an estimated transaction value of $5.82 million, indicating a cautious outlook on the company's future performance.
- Ownership Proportion Change: Following this sale, Capital Management's stake in Nexstar decreased to 127,651 shares, representing 4.25% of its $610.07 million in reportable U.S. equity assets, reflecting a reassessment of its investment portfolio.
- Financial Performance Overview: Nexstar reported $1.20 billion in revenue for the latest quarter, down 12% year-over-year primarily due to a sharp decline in political advertising, although free cash flow remained solid at $166 million, indicating stability even in a non-election year.
- Market Outlook Analysis: Despite the reduction, Nexstar remains one of Capital Management's top five holdings, signaling confidence in its long-term growth potential, especially with the upcoming political advertising cycle expected to yield significant returns.
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Analyst Views on NXST
Wall Street analysts forecast NXST stock price to fall
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 235.280
Low
204.00
Averages
232.25
High
250.00
Current: 235.280
Low
204.00
Averages
232.25
High
250.00
About NXST
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Company’s reportable broadcast segment includes television stations and related local websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States, NewsNation, a national cable news network, two owned and operated multicast networks and other multicast network services, and WGN-AM, a Chicago radio station. The other operating segments, The CW and digital businesses, focused on the national marketplace. The Company’s portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com. Its national television properties include The CW, NewsNation, Antenna TV, and Rewind TV.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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