Nexstar Media Group (NASDAQ:NXST) Earns “Buy” Rating from Rosenblatt Securities

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They presently have a $200.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 12.45% from the company’s previous close.

A number of other brokerages also recently issued reports on NXST. Barrington Research restated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and increased their price target for the company from $190.00 to $200.00 in a report on Friday, February 28th. Benchmark raised their price target on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Guggenheim raised their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.43.

Nexstar Media Group Trading Up 3.0 %

NXST stock opened at $177.85 on Monday. The firm has a fifty day moving average price of $156.61 and a 200 day moving average price of $163.71. Nexstar Media Group has a fifty-two week low of $146.04 and a fifty-two week high of $191.86. The firm has a market cap of $5.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. 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 issued its quarterly earnings data on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Sell-side analysts anticipate that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Insider Transactions at Nexstar Media Group

In related news, insider Gary Weitman sold 1,241 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the completion of the sale, the insider now directly owns 3,975 shares of the company’s stock, valued at $704,409.75. This represents a 23.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Perry A. Sook sold 35,205 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $162.13, for a total transaction of $5,707,786.65. Following the transaction, the chief executive officer now owns 674,694 shares in the company, valued at approximately $109,388,138.22. The trade was a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 161,955 shares of company stock valued at $26,240,628. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Nexstar Media Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TFR Capital LLC. purchased a new stake in shares of Nexstar Media Group during the 4th quarter worth $254,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Nexstar Media Group in the fourth quarter worth about $6,496,000. Jefferies Financial Group Inc. bought a new stake in shares of Nexstar Media Group in the 4th quarter valued at about $2,086,000. Integrated Advisors Network LLC boosted its holdings in shares of Nexstar Media Group by 9.6% in the 4th quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company’s stock valued at $231,000 after buying an additional 128 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nexstar Media Group by 12.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,172 shares of the company’s stock worth $18,352,000 after buying an additional 12,695 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

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.