BidaskClub Lowers Nexstar Media Group (NASDAQ:NXST) to Sell
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Benchmark reiterated a “buy” rating and set a $120.00 price target (up previously from $115.00) on shares of Nexstar Media Group in a research report on Thursday, March 21st. B. Riley set a $139.00 price target on shares of Nexstar Media Group and gave the company a “buy” rating in a research report on Tuesday, May 14th. Barrington Research reiterated a “buy” rating and set a $135.00 price target on shares of Nexstar Media Group in a research report on Monday, May 13th. Finally, ValuEngine upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $113.13.
Shares of NASDAQ NXST opened at $98.31 on Monday. Nexstar Media Group has a 1 year low of $70.09 and a 1 year high of $119.93. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $4.54 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.50 and a beta of 1.60.
In other Nexstar Media Group news, insider Brian Jones sold 35,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $108.31, for a total value of $3,790,850.00. Following the sale, the insider now owns 52,734 shares in the company, valued at $5,711,619.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brett Jenkins sold 823 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $108.01, for a total transaction of $88,892.23. Following the completion of the sale, the executive vice president now owns 14,926 shares in the company, valued at approximately $1,612,157.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,448 shares of company stock worth $4,916,163. Corporate insiders own 6.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Bridge LLC purchased a new stake in Nexstar Media Group in the first quarter worth about $26,000. Penserra Capital Management LLC purchased a new stake in Nexstar Media Group in the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. grew its holdings in Nexstar Media Group by 260.6% in the first quarter. Rockefeller Capital Management L.P. now owns 375 shares of the company’s stock worth $40,000 after purchasing an additional 271 shares during the period. Private Capital Group LLC lifted its stake in shares of Nexstar Media Group by 46.3% in the first quarter. Private Capital Group LLC now owns 392 shares of the company’s stock worth $42,000 after buying an additional 124 shares in the last quarter. Finally, Synovus Financial Corp bought a new position in shares of Nexstar Media Group in the first quarter worth approximately $54,000.
Nexstar Media Group Company Profile
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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