Nexstar Media Group stock position trimmed by Alliancebernstein

Institutional investor reduces stake in media company by nearly 24% in Q3

Mar. 17, 2026 at 7:09am

Got story updates? Submit your updates here. ›

Alliancebernstein L.P. trimmed its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 23.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 673,610 shares of the company's stock after selling 208,712 shares during the period.

Why it matters

Nexstar Media Group is a major media company that owns and operates local television stations across the United States. The reduction in Alliancebernstein's stake could signal a shift in investor sentiment or portfolio rebalancing, which can impact the company's stock price and market position.

The details

Alliancebernstein L.P. sold 208,712 shares of Nexstar Media Group during the third quarter, reducing its total stake in the company to 673,610 shares. This represents approximately 2.22% of Nexstar's outstanding shares, down from 2.92% in the previous quarter. The firm cited unspecified reasons for the reduction in its 13F filing with the SEC.

  • Alliancebernstein trimmed its Nexstar Media Group holdings during the third quarter of 2026.

The players

Alliancebernstein L.P.

A global investment management firm that provides a range of investment solutions to institutional and individual investors.

Nexstar Media Group, Inc.

A diversified American media company that owns and operates local television stations and digital platforms across the United States.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Alliancebernstein's stake in Nexstar Media Group could signal a shift in investor sentiment or portfolio rebalancing, which may impact the company's stock price and market position. However, without further details from the institutional investor, the specific reasons behind the move remain unclear.