Nexstar Media Group (NASDAQ:NXST) Receives New Coverage from Analysts at Rosenblatt Securities

Equities research analysts at Rosenblatt Securities initiated coverage on shares of Nexstar Media Group (NASDAQ:NXSTGet Rating) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the stock.

NXST has been the subject of several other reports. StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Benchmark boosted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nexstar Media Group from $187.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, March 1st. Zacks Investment Research upgraded shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th. Finally, Barrington Research boosted their price objective on shares of Nexstar Media Group from $200.00 to $215.00 in a research report on Wednesday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $206.00.

Shares of NXST stock opened at $170.58 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $6.99 billion, a PE ratio of 8.97, a P/E/G ratio of 0.69 and a beta of 1.51. The company has a 50 day moving average of $181.18. Nexstar Media Group has a 1 year low of $135.87 and a 1 year high of $192.84.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The company reported $6.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.87 by $1.32. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Nexstar Media Group had a return on equity of 31.18% and a net margin of 17.95%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $7.97 earnings per share. On average, equities research analysts predict that Nexstar Media Group will post 24.58 earnings per share for the current fiscal year.

In other news, insider Andrew Alford sold 445 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $184.80, for a total transaction of $82,236.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Perry A. Sook sold 15,247 shares of the stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $170.00, for a total value of $2,591,990.00. The disclosure for this sale can be found here. Insiders have sold 53,166 shares of company stock valued at $9,667,457 over the last quarter. Company insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NXST. Liberty Wealth Management LLC increased its holdings in Nexstar Media Group by 98.2% in the third quarter. Liberty Wealth Management LLC now owns 216 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares during the period. First Financial Corp IN acquired a new stake in Nexstar Media Group in the first quarter valued at $41,000. Geneos Wealth Management Inc. increased its holdings in Nexstar Media Group by 87.4% in the third quarter. Geneos Wealth Management Inc. now owns 356 shares of the company’s stock valued at $54,000 after purchasing an additional 166 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Nexstar Media Group in the fourth quarter valued at $59,000. Finally, UMB Bank N A MO acquired a new stake in Nexstar Media Group in the fourth quarter valued at $72,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Nexstar Media Group Company Profile (Get Rating)

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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