Nexstar Media Group, Inc. (NASDAQ:NXST – Get Rating) COO Thomas Carter sold 9,737 shares of the firm's stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $171.91, for a total value of $1,673,887.67. Following the completion of the transaction, the chief operating officer now owns 102,540 shares of the company's stock, valued at $17,627,651.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Thomas Carter also recently made the following trade(s):
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- On Wednesday, August 17th, Thomas Carter sold 5,000 shares of Nexstar Media Group stock. The shares were sold at an average price of $201.31, for a total value of $1,006,550.00.
Nexstar Media Group Stock Performance
NXST opened at $168.48 on Wednesday. The business has a fifty day simple moving average of $190.74 and a 200 day simple moving average of $178.27. The company has a market capitalization of $6.81 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.47. Nexstar Media Group, Inc. has a 1 year low of $139.69 and a 1 year high of $204.62. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.95 and a quick ratio of 1.95.
Nexstar Media Group (NASDAQ:NXST – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $5.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.10. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a return on equity of 32.36% and a net
margin of 18.79%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.51 EPS. Research analysts expect that Nexstar Media Group, Inc. will post 26.28 EPS for the current year.
Nexstar Media Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were paid a $0.90 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.60 annualized dividend and a yield of 2.14%. Nexstar Media Group's dividend payout ratio (DPR) is presently 16.64%.
Analysts Set New Price Targets
NXST has been the subject of several research analyst reports. Barrington Research lifted their target price on Nexstar Media Group to $240.00 in a research note on Monday, August 15th. Rosenblatt Securities upgraded Nexstar Media Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $181.00 to $246.00 in a research note on Tuesday, September 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $223.43.
Institutional Trading of Nexstar Media Group
Several institutional investors have recently added to or reduced their stakes in the company. Simcoe Capital Management LLC acquired a new position in Nexstar Media Group in the 4th quarter valued at $44,073,000. Abrams Bison Investments LLC acquired a new position in Nexstar Media Group in the 2nd quarter valued at $30,505,000. Glenmede Trust Co. NA raised its holdings in Nexstar Media Group by 150.5% in the 4th quarter. Glenmede Trust Co. NA now owns 287,862 shares of the company's stock valued at $43,460,000 after acquiring an additional 172,950 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Nexstar Media Group by 32.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 662,488 shares of the company's stock valued at $124,866,000 after acquiring an additional 161,170 shares in the last quarter. Finally, Provident Investment Management Inc. raised its holdings in Nexstar Media Group by 7,957.5% in the 1st quarter. Provident Investment Management Inc. now owns 138,508 shares of the company's stock valued at $26,106,000 after acquiring an additional 136,789 shares in the last quarter. 92.01% of the stock is currently owned by institutional investors.
Nexstar Media Group Company Profile
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Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.
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