BidaskClub downgraded shares of Nexstar Media Group (NASDAQ:NXST) from a strong-buy rating to a buy rating in a research note published on Wednesday, January 3rd.
Several other equities analysts have also commented on NXST. Zacks Investment Research lowered Nexstar Media Group from a buy rating to a hold rating in a research note on Tuesday, October 17th. FBR & Co started coverage on Nexstar Media Group in a research note on Tuesday, October 31st. They set a buy rating and a $79.00 target price on the stock. Guggenheim began coverage on Nexstar Media Group in a research note on Wednesday, October 18th. They set a buy rating and a $90.00 target price on the stock. Royal Bank of Canada restated a buy rating and set a $81.00 price target on shares of Nexstar Media Group in a report on Monday, September 18th. Finally, Jefferies Group restated a buy rating and set a $80.00 price target on shares of Nexstar Media Group in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $85.10.
Shares of Nexstar Media Group (NASDAQ:NXST) traded down $0.55 on Wednesday, hitting $79.45. The company had a trading volume of 542,867 shares, compared to its average volume of 729,548. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. Nexstar Media Group has a 52-week low of $55.95 and a 52-week high of $80.45. The stock has a market capitalization of $3,620.00, a PE ratio of 29.76, a price-to-earnings-growth ratio of 0.80 and a beta of 2.21.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The firm had revenue of $611.87 million during the quarter, compared to analysts’ expectations of $609.44 million. Nexstar Media Group had a return on equity of 16.20% and a net margin of 5.60%. The firm’s revenue for the quarter was up 122.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. sell-side analysts predict that Nexstar Media Group will post 3.46 EPS for the current year.
In related news, insider Timothy C. Busch sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $79.13, for a total value of $791,300.00. Following the completion of the transaction, the insider now directly owns 50,214 shares of the company’s stock, valued at approximately $3,973,433.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Michael Vaughn sold 5,050 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $61.35, for a total value of $309,817.50. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $613,500. The disclosure for this sale can be found here. Insiders sold a total of 345,860 shares of company stock valued at $23,290,703 over the last three months. Insiders own 7.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. lifted its stake in shares of Nexstar Media Group by 0.6% during the second quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after purchasing an additional 131 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Nexstar Media Group by 8.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock valued at $239,000 after buying an additional 312 shares during the last quarter. Amalgamated Bank increased its holdings in Nexstar Media Group by 10.8% in the second quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock valued at $356,000 after buying an additional 582 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in Nexstar Media Group by 8.8% in the second quarter. BW Gestao de Investimentos Ltda. now owns 8,195 shares of the company’s stock valued at $490,000 after buying an additional 660 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Nexstar Media Group by 1.5% in the third quarter. Rhumbline Advisers now owns 52,910 shares of the company’s stock valued at $3,296,000 after buying an additional 776 shares during the last quarter.
TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/13/nexstar-media-group-nxst-downgraded-by-bidaskclub.html.
Nexstar Media Group Company Profile
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.