Nexstar Media Group (NASDAQ:NXST) Earns Outperform Rating from Barrington Research

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They presently have a $200.00 target price on the stock. Barrington Research’s target price points to a potential upside of 15.88% from the company’s previous close.

NXST has been the topic of several other reports. StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $190.00 to $200.00 in a research note on Friday, February 28th. Guggenheim lifted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Benchmark lifted their price target on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One investment analyst has 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 $210.29.

Nexstar Media Group Trading Up 1.7 %

Shares of NASDAQ:NXST opened at $172.59 on Wednesday. Nexstar Media Group has a 12 month low of $146.04 and a 12 month high of $191.86. 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’s fifty day simple moving average is $155.98 and its 200 day simple moving average is $163.64. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.45 and a beta of 1.45.

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). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, research analysts forecast that Nexstar Media Group will post 21.62 EPS for the current fiscal year.

Insider Transactions at Nexstar Media Group

In related news, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $328,900. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Lee Ann Gliha sold 330 shares of Nexstar Media Group stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $158.23, for a total transaction of $52,215.90. Following the sale, the chief financial officer now directly owns 8,610 shares of the company’s stock, valued at $1,362,360.30. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,589 shares of company stock worth $26,171,210 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Nexstar Media Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nexstar Media Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after buying an additional 68 shares during the period. Jones Financial Companies Lllp boosted its holdings in Nexstar Media Group by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after purchasing an additional 73 shares during the period. Mariner LLC boosted its holdings in Nexstar Media Group by 5.3% in the 4th quarter. Mariner LLC now owns 2,300 shares of the company’s stock valued at $363,000 after purchasing an additional 115 shares during the period. Natixis Advisors LLC boosted its holdings in Nexstar Media Group by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after purchasing an additional 117 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Nexstar Media Group by 7.3% in the 4th quarter. Focus Partners Wealth now owns 1,726 shares of the company’s stock valued at $273,000 after purchasing an additional 117 shares during the period. 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.