Nexstar Media Group Inc (NASDAQ:NXST) CFO Thomas Carter sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $106.39, for a total value 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 filing with the SEC, which is available at the SEC website.
Shares of Nexstar Media Group stock traded up $0.26 during mid-day trading on Friday, reaching $102.03. 12,620 shares of the stock traded hands, compared to its average volume of 479,219. The business has a 50-day moving average of $100.05 and a 200 day moving average of $102.04. Nexstar Media Group Inc has a fifty-two week low of $70.51 and a fifty-two week high of $119.93. The stock has a market capitalization of $4.90 billion, a PE ratio of 11.93, a PEG ratio of 1.67 and a beta of 1.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.88.
Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Wednesday, November 6th. The company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($2.36). Nexstar Media Group had a net margin of 9.87% and a return on equity of 16.83%. The firm had revenue of $663.60 million for the quarter, compared to analyst estimates of $644.00 million. During the same period in the previous year, the company earned $2.12 EPS. Nexstar Media Group’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts expect that Nexstar Media Group Inc will post 6.37 EPS for the current fiscal year.
A number of equities analysts recently weighed in on NXST shares. ValuEngine raised Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI reaffirmed a “buy” rating and issued a $116.00 price target on shares of Nexstar Media Group in a report on Thursday, August 8th. BidaskClub raised Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Benchmark increased their target price on Nexstar Media Group from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Stephens set a $150.00 target price on Nexstar Media Group and gave the company a “buy” rating in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $132.13.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in shares of Nexstar Media Group by 165.9% during the third quarter. Tower Research Capital LLC TRC now owns 327 shares of the company’s stock valued at $33,000 after acquiring an additional 204 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Nexstar Media Group in the second quarter valued at approximately $80,000. Synovus Financial Corp grew its position in shares of Nexstar Media Group by 100.0% in the second quarter. Synovus Financial Corp now owns 1,000 shares of the company’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Nexstar Media Group in the second quarter valued at approximately $116,000. Finally, Resources Investment Advisors LLC. purchased a new stake in shares of Nexstar Media Group in the second quarter valued at approximately $119,000. 99.97% of the stock is owned by institutional investors and hedge funds.
About Nexstar Media Group
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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