Here's Why This Investment Advisor is Loading up on This Media Stock

2026-02-19 14:49:56 ET

On February 4, 2026, Valley Wealth Managers increased its stake in Nexstar Media Group (NASDAQ:NXST) , buying 24,243 shares in a transaction estimated at $4.73 million based on quarterly average pricing.

According to a SEC filing dated February 4, 2026, Valley Wealth Managers bought 24,243 additional shares of Nexstar Media Group in the fourth quarter. The estimated purchase, based on the average closing price during the quarter, was $4.73 million. The fund’s quarter-end value in Nexstar rose by $5.50 million, a figure that reflects both the increased share count and shifts in stock price.

Nexstar Media Group is a leading U.S. television broadcasting and digital media company with a substantial national footprint and a diversified revenue base. Its scale and portfolio of network-affiliated stations provide significant leverage in both advertising and content distribution negotiations. The company's integrated approach across broadcast and digital platforms positions it to capture a wide array of advertising and retransmission revenues, reinforcing its competitive position in the evolving media landscape.

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