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

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating reiterated 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 would indicate a potential upside of 18.24% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Guggenheim reiterated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $210.29.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $169.15 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a market cap of $5.25 billion, a P/E ratio of 9.78, a PEG ratio of 0.45 and a beta of 1.45. Nexstar Media Group has a 52 week low of $146.04 and a 52 week high of $191.86. The company has a 50-day moving average price of $155.08 and a 200 day moving average price of $163.29.

Nexstar Media Group (NASDAQ:NXST) last announced 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Research analysts predict that Nexstar Media Group will post 21.62 earnings per share for the current year.

Insider Activity at Nexstar Media Group

In related news, Director Bernadette S. Aulestia sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total value of $82,225.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at approximately $328,900. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisbeth Mcnabb sold 875 shares of the stock in a transaction on Monday, December 9th. The shares were 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 represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,493 shares of company stock worth $20,354,366. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Nexstar Media Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Nexstar Media Group in the 4th quarter valued at about $6,496,000. Jefferies Financial Group Inc. purchased a new position in Nexstar Media Group in the 4th quarter valued at about $2,086,000. Integrated Advisors Network LLC boosted its position in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 valued at $18,352,000 after buying an additional 12,695 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Nexstar Media Group during the fourth quarter worth about $7,075,000. 95.30% of the stock is owned by hedge funds and other 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.