Nexstar Media Group (NASDAQ:NXST) Reaches New 12-Month High at $127.71

Nexstar Media Group Inc (NASDAQ:NXST) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $127.71 and last traded at $127.12, with a volume of 2639 shares trading hands. The stock had previously closed at $124.45.

NXST has been the topic of several research reports. ValuEngine lowered shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Barrington Research reissued a “buy” rating and issued a $155.00 price target on shares of Nexstar Media Group in a research report on Tuesday, November 12th. BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Benchmark boosted their price target on shares of Nexstar Media Group from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, B. Riley reissued a “buy” rating and issued a $140.00 price target on shares of Nexstar Media Group in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Nexstar Media Group has a consensus rating of “Buy” and an average price target of $139.14.

The stock’s fifty day moving average is $113.81 and its two-hundred day moving average is $104.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.30. The firm has a market cap of $5.74 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Wednesday, November 6th. The company reported ($0.85) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($2.36). The firm had revenue of $663.60 million for the quarter, compared to the consensus estimate of $644.00 million. Nexstar Media Group had a return on equity of 16.74% and a net margin of 9.87%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. On average, analysts forecast that Nexstar Media Group Inc will post 6.55 EPS for the current year.

In other Nexstar Media Group news, CFO Thomas Carter sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $116.90, for a total value of $1,169,000.00. Following the completion of the transaction, the chief financial officer now owns 108,189 shares of the company’s stock, valued at approximately $12,647,294.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Elizabeth Ryder sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $110.03, for a total transaction of $1,045,285.00. Following the completion of the transaction, the executive vice president now directly owns 4,192 shares of the company’s stock, valued at approximately $461,245.76. The disclosure for this sale can be found here. Insiders have sold a total of 45,663 shares of company stock worth $5,031,382 in the last ninety days. 6.40% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Nexstar Media Group by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,649 shares of the company’s stock valued at $1,703,000 after purchasing an additional 121 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Nexstar Media Group by 2.1% in the 2nd quarter. Hancock Whitney Corp now owns 7,405 shares of the company’s stock valued at $748,000 after purchasing an additional 151 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Nexstar Media Group by 165.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 327 shares of the company’s stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Nexstar Media Group by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 42,381 shares of the company’s stock valued at $4,336,000 after purchasing an additional 224 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Nexstar Media Group by 2.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 15,000 shares of the company’s stock valued at $1,535,000 after purchasing an additional 300 shares in the last quarter.

Nexstar Media Group Company Profile (NASDAQ:NXST)

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

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