Nexstar Media Group’s (NXST) Outperform Rating Reiterated at Barrington Research

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating restated by Barrington Research in a research report issued on Thursday,Benzinga reports. They presently have a $200.00 target price on the stock. Barrington Research’s price target would suggest a potential upside of 6.41% from the company’s previous close.

Other analysts also recently issued reports about the company. Benchmark dropped their price objective on Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company reduced their price objective on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Guggenheim dropped their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Nexstar Media Group Price Performance

Shares of NXST traded up $4.71 during trading hours on Thursday, reaching $187.96. 399,353 shares of the company traded hands, compared to its average volume of 323,257. The stock has a market capitalization of $6.06 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.20 and a beta of 1.48. The stock has a fifty day simple moving average of $168.24 and a 200 day simple moving average of $166.75. Nexstar Media Group has a fifty-two week low of $140.92 and a fifty-two week high of $191.32. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.92.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm earned $2.64 EPS. Nexstar Media Group’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Nexstar Media Group will post 25.72 EPS for the current fiscal year.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, insider Gary Weitman sold 7,261 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the completion of the sale, the insider now owns 5,216 shares in the company, valued at $859,596.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Charles Thomas Mcmillen sold 250 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the completion of the sale, the director now owns 7,725 shares in the company, valued at $1,270,299. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Weitman sold 7,261 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $164.80, for a total transaction of $1,196,612.80. Following the sale, the insider now directly owns 5,216 shares of the company’s stock, valued at approximately $859,596.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,112 shares of company stock valued at $6,887,029. Insiders own 6.30% of the company’s stock.

Institutional Trading of Nexstar Media Group

A number of hedge funds have recently modified their holdings of NXST. Whittier Trust Co. acquired a new position in shares of Nexstar Media Group in the second quarter worth $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Nexstar Media Group during the 3rd quarter valued at about $44,000. GAMMA Investing LLC grew its stake in shares of Nexstar Media Group by 112.2% in the 2nd quarter. GAMMA Investing LLC now owns 295 shares of the company’s stock valued at $49,000 after buying an additional 156 shares in the last quarter. Finally, Mascoma Wealth Management LLC acquired a new position in Nexstar Media Group in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

About Nexstar Media Group

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.