Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $204.29.
Several analysts have issued reports on NXST shares. Barrington Research reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. Guggenheim lowered their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a research note on Friday, October 4th. Benchmark reaffirmed a "buy" rating and set a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Loop Capital downgraded Nexstar Media Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $190.00 in a research report on Friday, November 8th.
Get Our Latest Report on NXST
Insider Activity
In other news, CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $190.28, for a total value of $2,328,836.92. Following the completion of the transaction, the chief executive officer now owns 674,694 shares of the company's stock, valued at $128,380,774.32. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Thomas Mcmillen sold 750 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50. Following the sale, the director now directly owns 6,975 shares in the company, valued at $1,115,511.75. This trade represents a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,448 shares of company stock worth $23,828,076. Corporate insiders own 6.30% of the company's stock.
Institutional Trading of Nexstar Media Group
Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in Nexstar Media Group by 57.8% during the 3rd quarter. Tidal Investments LLC now owns 3,217 shares of the company's stock valued at $532,000 after acquiring an additional 1,178 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group in the third quarter worth $33,000. World Investment Advisors LLC purchased a new stake in Nexstar Media Group during the third quarter valued at $3,747,000. TD Private Client Wealth LLC boosted its position in Nexstar Media Group by 22.0% in the third quarter. TD Private Client Wealth LLC now owns 964 shares of the company's stock worth $159,000 after purchasing an additional 174 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Nexstar Media Group by 39.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,092 shares of the company's stock valued at $181,000 after purchasing an additional 307 shares during the period. Institutional investors own 95.30% of the company's stock.
Nexstar Media Group Stock Performance
NASDAQ NXST traded down $0.79 during trading on Friday, hitting $159.14. 166,287 shares of the company's stock traded hands, compared to its average volume of 334,430. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.20 and a beta of 1.45. Nexstar Media Group has a 12-month low of $147.25 and a 12-month high of $191.86. The business has a 50 day moving average of $168.68 and a 200-day moving average of $167.33.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the firm posted $0.70 EPS. Nexstar Media Group's revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Nexstar Media Group will post 24.53 earnings per share for the current fiscal year.
Nexstar Media Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $1.69 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. Nexstar Media Group's dividend payout ratio (DPR) is 39.10%.
Nexstar Media Group Company Profile
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Get Free ReportNexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.
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