Nexstar Media Group (NASDAQ:NXST - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.
A number of other equities analysts have also weighed in on NXST. Benchmark upped their target price on Nexstar Media Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, February 27th. Guggenheim upped their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and increased their target price for the company from $190.00 to $200.00 in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $210.29.
Get Our Latest Stock Analysis on NXST
Nexstar Media Group Stock Performance
NXST traded up $5.26 on Monday, hitting $177.85. The company's stock had a trading volume of 609,979 shares, compared to its average volume of 371,909. The company's 50 day simple moving average is $156.23 and its 200-day simple moving average is $163.70. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group has a 12 month low of $146.04 and a 12 month high of $191.86. The firm has a market cap of $5.52 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Analysts forecast that Nexstar Media Group will post 21.62 EPS for the current year.
Insider Transactions at Nexstar Media Group
In other Nexstar Media Group news, CEO Perry A. Sook sold 52,808 shares of Nexstar Media Group stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now directly owns 674,694 shares of the company's stock, valued at approximately $106,203,582.54. The trade was a 7.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gary Weitman sold 1,241 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the sale, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. The trade was a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,830 shares of company stock worth $26,391,128. Company insiders own 6.30% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of NXST. TFR Capital LLC. purchased a new stake in shares of Nexstar Media Group in the 4th quarter worth approximately $254,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Nexstar Media Group during the fourth quarter valued at $6,496,000. Jefferies Financial Group Inc. purchased a new position in shares of Nexstar Media Group in the 4th quarter worth about $2,086,000. Integrated Advisors Network LLC raised its holdings in Nexstar Media Group by 9.6% in the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company's stock worth $231,000 after buying an additional 128 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Nexstar Media Group by 12.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,172 shares of the company's stock valued at $18,352,000 after buying an additional 12,695 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.
Nexstar Media Group Company Profile
(
Get Free Report)
Nexstar 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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