Barrington Research Reiterates “Outperform” Rating for Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating restated by Barrington Research in a research note issued on Thursday,Benzinga reports. They currently have a $200.00 price objective on the stock. Barrington Research’s target price indicates a potential upside of 20.45% from the company’s current price.

Other analysts have also recently issued reports about the company. StockNews.com cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft decreased 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. Benchmark dropped their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim decreased their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a report on Friday, October 4th. Finally, Wells Fargo & Company cut their target price on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus target price of $198.50.

Nexstar Media Group Trading Down 11.9 %

NXST opened at $166.04 on Thursday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.78 and a quick ratio of 1.78. Nexstar Media Group has a fifty-two week low of $140.92 and a fifty-two week high of $191.86. The company’s 50 day moving average price is $168.54 and its two-hundred day moving average price is $166.94. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.21 and a beta of 1.48.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, research analysts predict that Nexstar Media Group will post 25.72 earnings per share for the current year.

Insider Transactions at Nexstar Media Group

In related news, CFO Lee Ann Gliha sold 984 shares of Nexstar Media Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the completion of the sale, the chief financial officer now owns 8,107 shares of the company’s stock, valued at approximately $1,277,906.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Jay M. Grossman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $170.70, for a total value of $1,707,000.00. Following the completion of the sale, the director now directly owns 54,625 shares of the company’s stock, valued at $9,324,487.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lee Ann Gliha sold 984 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $157.63, for a total value of $155,107.92. Following the transaction, the chief financial officer now directly owns 8,107 shares in the company, valued at approximately $1,277,906.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,112 shares of company stock valued at $6,887,029 over the last ninety days. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nexstar Media Group

Several large investors have recently bought and sold shares of NXST. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Nexstar Media Group by 5.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 111,905 shares of the company’s stock valued at $18,504,000 after purchasing an additional 6,101 shares in the last quarter. Payden & Rygel increased its stake in Nexstar Media Group by 40.4% in the 3rd quarter. Payden & Rygel now owns 110,200 shares of the company’s stock valued at $18,222,000 after buying an additional 31,700 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nexstar Media Group by 46.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,908 shares of the company’s stock worth $3,622,000 after buying an additional 6,984 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of Nexstar Media Group by 6.7% in the 3rd quarter. Pathstone Holdings LLC now owns 22,009 shares of the company’s stock worth $3,639,000 after buying an additional 1,388 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Nexstar Media Group by 661.4% in the third quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after acquiring an additional 7,533 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

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.