Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) Director Bernadette Aulestia sold 300 shares of Nexstar Media Group stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $186.80, for a total value of $56,040.00. Following the transaction, the director owned 4,383 shares of the company’s stock, valued at $818,744.40. The trade was a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Nexstar Media Group Stock Down 2.0%
Shares of NXST opened at $185.52 on Thursday. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 35.61 and a beta of 0.91. Nexstar Media Group, Inc. has a 52 week low of $154.47 and a 52 week high of $254.30. The stock’s 50-day moving average price is $181.89 and its 200-day moving average price is $198.48. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 5.09.
Nexstar Media Group (NASDAQ:NXST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.98 by ($2.37). The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The company’s revenue was up 62.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.06 earnings per share. On average, sell-side analysts predict that Nexstar Media Group, Inc. will post 32.88 EPS for the current year.
Nexstar Media Group Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NXST. Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a research note on Monday. Wall Street Zen cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company decreased their target price on Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research downgraded Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $259.00.
Read Our Latest Stock Report on NXST
Institutional Trading of Nexstar Media Group
Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Nexstar Media Group in the first quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after buying an additional 5,251 shares in the last quarter. Millennium Management LLC lifted its holdings in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after buying an additional 61,830 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nexstar Media Group by 14.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock valued at $23,802,000 after buying an additional 16,637 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Nexstar Media Group in the 1st quarter valued at approximately $654,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.
About Nexstar Media Group
Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.
Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.
Featured Articles
- Five stocks we like better than Nexstar Media Group
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.
