Nexstar Media Group Inc (NASDAQ:NXST) was the recipient of unusually large options trading activity on Tuesday. Traders bought 15,140 call options on the stock. This represents an increase of approximately 3,676% compared to the average daily volume of 401 call options.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in Nexstar Media Group by 16.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 225,687 shares of the company’s stock worth $14,061,000 after buying an additional 32,178 shares in the last quarter. American National Bank boosted its holdings in Nexstar Media Group by 4.5% during the fourth quarter. American National Bank now owns 36,915 shares of the company’s stock worth $2,886,000 after buying an additional 1,592 shares in the last quarter. AXA boosted its holdings in Nexstar Media Group by 89.2% during the fourth quarter. AXA now owns 146,557 shares of the company’s stock worth $11,461,000 after buying an additional 69,100 shares in the last quarter. Windacre Partnership LLC bought a new stake in Nexstar Media Group during the fourth quarter worth approximately $58,595,000. Finally, Legal & General Group Plc boosted its holdings in Nexstar Media Group by 22.8% during the third quarter. Legal & General Group Plc now owns 20,504 shares of the company’s stock worth $1,276,000 after buying an additional 3,811 shares in the last quarter.
Several research analysts have commented on NXST shares. Royal Bank of Canada restated a “buy” rating and issued a $95.00 target price on shares of Nexstar Media Group in a research report on Thursday, January 4th. BidaskClub upgraded shares of Nexstar Media Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Noble Financial reiterated a “buy” rating on shares of Nexstar Media Group in a report on Thursday, December 21st. Finally, Benchmark reiterated a “buy” rating and issued a $94.00 price objective on shares of Nexstar Media Group in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $87.67.
Nexstar Media Group stock opened at $64.65 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $3,024.77, a PE ratio of 16.57, a P/E/G ratio of 0.62 and a beta of 1.77. Nexstar Media Group has a 12-month low of $55.95 and a 12-month high of $82.95.
Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.23. The business had revenue of $653.66 million during the quarter, compared to analysts’ expectations of $645.98 million. Nexstar Media Group had a net margin of 19.53% and a return on equity of 14.44%. The business’s revenue was up 110.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. sell-side analysts anticipate that Nexstar Media Group will post 8.49 EPS for the current fiscal year.
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About Nexstar Media Group
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.
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