Nexstar Media Group, Inc. (NASDAQ:NXST) Given Average Rating of “Moderate Buy” by Analysts

Nexstar Media Group, Inc. (NASDAQ:NXST) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $204.29.

Several equities research analysts recently weighed in on NXST shares. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Guggenheim cut their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Benchmark restated a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, StockNews.com upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Charles Thomas Mcmillen sold 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the transaction, the director now directly owns 7,975 shares of the company’s stock, valued at approximately $1,276,000. This trade represents a 11.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brett Jenkins sold 4,331 shares of Nexstar Media Group stock in a transaction on Monday, November 25th. The shares were sold at an average price of $170.64, for a total value of $739,041.84. Following the transaction, the insider now owns 25,540 shares in the company, valued at approximately $4,358,145.60. This trade represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,423 shares of company stock worth $7,916,739 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Nexstar Media Group

A number of institutional investors and hedge funds have recently bought and sold shares of NXST. Tidal Investments LLC lifted its position in shares of Nexstar Media Group by 57.8% during the 3rd quarter. Tidal Investments LLC now owns 3,217 shares of the company’s stock valued at $532,000 after acquiring an additional 1,178 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Nexstar Media Group during the third quarter valued at $33,000. World Investment Advisors LLC acquired a new position in shares of Nexstar Media Group in the 3rd quarter valued at $3,747,000. TD Private Client Wealth LLC increased its stake in Nexstar Media Group by 22.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 964 shares of the company’s stock worth $159,000 after purchasing an additional 174 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Nexstar Media Group by 39.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,092 shares of the company’s stock worth $181,000 after buying an additional 307 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $170.17 on Monday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.21 and a beta of 1.45. Nexstar Media Group has a one year low of $141.56 and a one year high of $191.86. The company’s 50-day simple moving average is $169.93 and its 200-day simple moving average is $167.18. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Equities analysts anticipate that Nexstar Media Group will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

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.