Valley Wealth Managers moved on Nexstar Media Group (NXST 1.97%). Twenty-four thousand, two hundred and forty-three shares. Four million, seven hundred and thirty thousand dollars, give or take. February 4th, 2026. The numbers were clean, almost too clean. A fund like Valley doesn’t throw money around on hunches. They see something. I wanted to know what.
The Static on the Line
The filing showed the increase in shares during the fourth quarter. A tidy sum, based on the quarter’s average. But it wasn’t just the money. The value of their Nexstar holdings rose five and a half million. That’s a signal. The kind that cuts through the noise.
What They’re Holding
- Nexstar now represents 1.72% of Valley’s 13F reportable AUM. Small, but deliberate.
- Their top holdings, as of late:
- NASDAQ:VONG: $58.08 million
- NASDAQ:AAPL: $52.34 million
- NASDAQ:AVGO: $47.22 million
- NASDAQ:GOOGL: $42.28 million
- NASDAQ:STX: $36.47 million
- As of February 3rd, Nexstar was trading at $208.11. Up forty-two and a half percent over the year. Beat the S&P 500 by a comfortable margin.
The Company, Briefly
| Metric | Value |
|---|---|
| Price (Feb 3, 2026 close) | $208.11 |
| Revenue (TTM) | $5.15 billion |
| Net Income (TTM) | $517.00 million |
| Dividend Yield | 3.48% |
The Picture
Nexstar delivers television, digital media, advertising. They pull revenue from local and national ads, retransmission fees, digital platforms. They own stations, digital properties, even a cable network. A diversified play. They’re spreading the risk, and collecting the cash. They serve a broad audience, and they know it.
Reading Between the Channels
Nexstar is the biggest owner of television stations in the country. Two hundred and one stations, covering one hundred and sixteen markets. They recently acquired Tegna for $6.2 billion. Another sixty-four stations. That’s a lot of airwaves. After the deal closes, they’ll own roughly 265 stations in 44 states. They’re building an empire, one frequency at a time.
They’re promising a net benefit of around $300 million, from synergies and cost reductions. They expect the deal to boost adjusted free cash flow by 40% within twelve months. Those are numbers a man could believe. A man who’d seen enough broken promises to be skeptical, but still willing to listen.
Valley Wealth Managers likely sees the expansion, the increased earnings. And they’re probably anticipating a boost from the 2026 midterm elections. Political ads are a reliable revenue stream for television stations. The stock is already up fifteen percent year-to-date, and trading at nine times forward earnings. Dirt cheap, as they say. It looks like a solid value play. A safe harbor in a stormy market. But in this business, there are no guarantees. Only probabilities. And a man has to choose his bets carefully.
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2026-02-19 22:33