Nexstar Media Group Inc (NASDAQ:NXST) CFO Thomas Carter sold 1,300 shares of Nexstar Media Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $106.39, for a total transaction of $138,307.00. Following the completion of the transaction, the chief financial officer now directly owns 99,489 shares of the company’s stock, valued at approximately $10,584,634.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Nexstar Media Group stock opened at $101.03 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 4.30. The company’s 50-day moving average price is $100.04 and its two-hundred day moving average price is $101.97. Nexstar Media Group Inc has a 52 week low of $70.51 and a 52 week high of $119.93. The stock has a market cap of $4.70 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.85) EPS for the quarter, missing the consensus estimate of $1.51 by ($2.36). Nexstar Media Group had a return on equity of 16.74% and a net margin of 9.87%. The business had revenue of $663.60 million during the quarter, compared to the consensus estimate of $644.00 million. During the same quarter last year, the firm posted $2.12 earnings per share. Nexstar Media Group’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Nexstar Media Group Inc will post 5.6 EPS for the current fiscal year.
A number of equities analysts have commented on NXST shares. Evercore ISI reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Nexstar Media Group in a report on Thursday, August 8th. Barrington Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Nexstar Media Group in a report on Tuesday, November 12th. BidaskClub raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Stephens set a $150.00 price objective on shares of Nexstar Media Group and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Co started coverage on Nexstar Media Group in a research note on Monday, September 23rd. They issued a “market perform” rating and a $113.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $131.13.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Nexstar Media Group by 42.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,795,619 shares of the company’s stock worth $179,848,000 after purchasing an additional 531,841 shares in the last quarter. Baupost Group LLC MA increased its stake in Nexstar Media Group by 39.8% in the 2nd quarter. Baupost Group LLC MA now owns 1,397,755 shares of the company’s stock worth $141,173,000 after purchasing an additional 397,755 shares in the last quarter. Vanguard Group Inc. increased its stake in Nexstar Media Group by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,127,355 shares of the company’s stock worth $416,862,000 after purchasing an additional 166,961 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Nexstar Media Group in the 2nd quarter worth about $14,025,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Nexstar Media Group by 56.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 369,856 shares of the company’s stock worth $37,355,000 after purchasing an additional 133,739 shares in the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.
Nexstar Media Group Company Profile
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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