Nexstar Media Group (NASDAQ:NXST) Given Outperform Rating at Barrington Research

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They presently have a $200.00 target price on the stock. Barrington Research’s price target points to a potential upside of 21.75% from the company’s current price.

Other research analysts have also issued reports about the stock. Guggenheim restated a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Benchmark restated a “buy” rating and set a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average price target of $204.29.

Nexstar Media Group Stock Up 12.3 %

NXST stock traded up $17.93 during midday trading on Thursday, hitting $164.27. The company’s stock had a trading volume of 630,280 shares, compared to its average volume of 301,447. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group has a twelve month low of $146.04 and a twelve month high of $191.86. The company’s fifty day moving average price is $154.97 and its 200 day moving average price is $163.29. The stock has a market capitalization of $5.10 billion, a P/E ratio of 9.51, a PEG ratio of 0.45 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last issued 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). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. As a group, equities research analysts predict that Nexstar Media Group will post 21.62 EPS for the current year.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 875 shares of the business’s stock in a transaction dated 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 $989,344. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the business’s 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 directly owns 2,000 shares of the company’s stock, valued at $328,900. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,493 shares of company stock worth $20,354,366. Insiders own 6.30% of the company’s stock.

Institutional Trading of Nexstar Media Group

A number of institutional investors have recently bought and sold shares of NXST. BNP Paribas Financial Markets boosted its position in shares of Nexstar Media Group by 67.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after acquiring an additional 10,603 shares in the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. boosted its position in shares of Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after acquiring an additional 7,117 shares in the last quarter. Quest Partners LLC boosted its position in shares of Nexstar Media Group by 661.4% during the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after acquiring an additional 7,533 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in shares of Nexstar Media Group by 680.9% during the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock worth $2,847,000 after acquiring an additional 15,014 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

About Nexstar Media Group

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.