Nexstar Media Group Inc (NASDAQ:NXST) CFO Thomas Carter sold 2,500 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $108.23, for a total value of $270,575.00. Following the completion of the sale, the chief financial officer now directly owns 100,689 shares in the company, valued at approximately $10,897,570.47. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NXST stock traded up $0.32 on Monday, reaching $105.52. 15,766 shares of the stock were exchanged, compared to its average volume of 700,655. The company has a market cap of $4.82 billion, a P/E ratio of 12.34, a PEG ratio of 1.58 and a beta of 1.56. Nexstar Media Group Inc has a one year low of $60.30 and a one year high of $109.55. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.08.
Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Tuesday, February 26th. The company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.32). The firm had revenue of $798.02 million for the quarter, compared to the consensus estimate of $787.00 million. Nexstar Media Group had a return on equity of 23.72% and a net margin of 14.08%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.97 EPS. As a group, equities research analysts anticipate that Nexstar Media Group Inc will post 6.67 earnings per share for the current fiscal year.
NXST has been the topic of several recent analyst reports. Gabelli initiated coverage on Nexstar Media Group in a research note on Tuesday, November 27th. They issued a “buy” rating on the stock. B. Riley boosted their price target on Nexstar Media Group from $92.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, December 18th. Zacks Investment Research upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, December 12th. BidaskClub upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 5th. Finally, Benchmark reiterated a “buy” rating and issued a $115.00 price objective (up previously from $96.00) on shares of Nexstar Media Group in a research report on Tuesday, December 4th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $109.50.
Several hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Nexstar Media Group in the fourth quarter valued at about $28,000. Fort L.P. bought a new stake in Nexstar Media Group in the fourth quarter valued at about $77,000. Bank of Montreal Can increased its holdings in Nexstar Media Group by 35.4% in the fourth quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock valued at $96,000 after purchasing an additional 321 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Nexstar Media Group in the fourth quarter valued at about $157,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Nexstar Media Group in the fourth quarter valued at about $203,000.
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About Nexstar Media Group
Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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