Nexstar Media Group (NASDAQ:NXST)‘s stock had its “buy” rating reissued by stock analysts at Noble Financial in a research report issued to clients and investors on Thursday, December 21st.
A number of other equities research analysts also recently commented on NXST. ValuEngine downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, September 13th. Royal Bank of Canada reissued a “buy” rating and set a $81.00 price objective on shares of Nexstar Media Group in a research report on Monday, September 18th. Jefferies Group reissued a “buy” rating and set a $80.00 price objective on shares of Nexstar Media Group in a research report on Thursday, September 21st. Finally, Guggenheim started coverage on shares of Nexstar Media Group in a research report on Wednesday, October 18th. They set a “buy” rating and a $90.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $85.10.
Nexstar Media Group (NXST) opened at $79.45 on Thursday. Nexstar Media Group has a 1-year low of $55.95 and a 1-year high of $80.45. The stock has a market cap of $3,620.00, a P/E ratio of 29.76, a PEG ratio of 0.80 and a beta of 2.21. 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 results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The company had revenue of $611.87 million during the quarter, compared to the consensus estimate of $609.44 million. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The firm’s quarterly revenue was up 122.0% compared to the same quarter last year. During the same quarter last year, the firm 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 other Nexstar Media Group news, SVP Blake Russell sold 20,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the transaction, the senior vice president now directly owns 42,861 shares in the company, valued at approximately $3,356,444.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Michael Vaughn sold 5,050 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $61.35, for a total transaction of $309,817.50. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $613,500. The disclosure for this sale can be found here. Insiders have sold a total of 345,860 shares of company stock worth $23,290,703 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nexstar Media Group in the 2nd quarter worth approximately $125,000. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Nexstar Media Group in the 2nd quarter worth approximately $145,000. Victory Capital Management Inc. purchased a new stake in Nexstar Media Group during the third quarter valued at approximately $172,000. SG Americas Securities LLC lifted its position 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 valued at $204,000 after acquiring an additional 785 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Nexstar Media Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock valued at $214,000 after acquiring an additional 99 shares during the last quarter.
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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