BidaskClub lowered shares of Nexstar Media Group (NASDAQ:NXST) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday, January 3rd.
A number of other analysts have also commented on NXST. Zacks Investment Research lowered Nexstar Media Group from a buy rating to a hold rating in a report on Tuesday, October 17th. Guggenheim started coverage on Nexstar Media Group in a report on Wednesday, October 18th. They issued a buy rating and a $90.00 target price for the company. FBR & Co started coverage on Nexstar Media Group in a report on Tuesday, October 31st. They issued a buy rating and a $79.00 price objective for the company. Royal Bank of Canada reaffirmed a buy rating and issued a $81.00 price objective on shares of Nexstar Media Group in a report on Monday, September 18th. Finally, Jefferies Group reaffirmed a buy rating and issued a $80.00 price objective on shares of Nexstar Media Group in a report on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Nexstar Media Group currently has an average rating of Buy and an average price target of $85.10.
Nexstar Media Group (NASDAQ NXST) traded up $0.65 on Wednesday, hitting $79.20. The stock had a trading volume of 367,944 shares, compared to its average volume of 543,446. The stock has a market cap of $3,579.22, a PE ratio of 29.77, a PEG ratio of 0.75 and a beta of 2.21. Nexstar Media Group has a 52 week low of $55.95 and a 52 week high of $82.95. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.58.
Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.09. The business 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 quarterly revenue was up 122.0% compared to the same quarter last year. During the same quarter 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 fiscal year.
In related news, EVP Elizabeth Ryder sold 3,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $65.87, for a total value of $197,610.00. Following the sale, the executive vice president now directly owns 5,210 shares in the company, valued at $343,182.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Perry A. Sook sold 300,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $66.13, for a total value of $19,839,000.00. The disclosure for this sale can be found here. Insiders sold 340,610 shares of company stock worth $22,968,294 over the last 90 days. Company insiders own 7.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NXST. Thompson Siegel & Walmsley LLC bought a new stake in Nexstar Media Group during the second quarter worth approximately $125,000. Cerebellum GP LLC bought a new stake in Nexstar Media Group during the fourth quarter worth approximately $132,000. Bronfman E.L. Rothschild L.P. bought a new stake in Nexstar Media Group during the second quarter worth approximately $145,000. Victory Capital Management Inc. bought a new stake in Nexstar Media Group during the third quarter worth approximately $172,000. Finally, SG Americas Securities LLC increased its stake in Nexstar Media Group by 29.8% during the second quarter. SG Americas Securities LLC now owns 3,418 shares of the company’s stock worth $204,000 after acquiring an additional 785 shares during the last quarter.
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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.
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