Nexstar Media Group (NASDAQ:NXST) Cut to Hold at StockNews.com

Nexstar Media Group (NASDAQ:NXST) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other research analysts also recently commented on NXST. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday. Benchmark lifted their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their target price for the company from $190.00 to $200.00 in a research report on Friday. Finally, Guggenheim boosted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.29.

Nexstar Media Group Trading Up 2.3 %

Shares of Nexstar Media Group stock traded up $3.81 on Monday, hitting $172.96. The stock had a trading volume of 822,988 shares, compared to its average volume of 351,307. The stock has a 50 day moving average of $155.29 and a 200 day moving average of $163.47. The firm has a market capitalization of $5.37 billion, a P/E ratio of 10.00, a PEG ratio of 0.45 and a beta of 1.45. Nexstar Media Group has a twelve month low of $146.04 and a twelve month high of $191.86. 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 released its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.22 by ($1.66). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Sell-side analysts expect that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Insider Transactions at Nexstar Media Group

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 875 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $172.00, for a total value of $150,500.00. Following the completion of the sale, the director now owns 5,752 shares of the company’s stock, valued at approximately $989,344. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Lee Ann Gliha sold 330 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total value of $52,215.90. Following the transaction, the chief financial officer now directly owns 8,610 shares in the company, valued at $1,362,360.30. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,493 shares of company stock valued at $20,354,366 in the last quarter. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Nexstar Media Group

A number of hedge funds and other institutional investors have recently bought and sold shares of NXST. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group during the third quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group in the fourth quarter valued at approximately $25,000. True Wealth Design LLC purchased a new position in shares of Nexstar Media Group during the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Nexstar Media Group during the third quarter worth $33,000. Finally, Capital Performance Advisors LLP purchased a new stake in Nexstar Media Group in the 3rd quarter valued at $44,000. 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.