Nexstar Media Group (NASDAQ:NXST) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday, BidAskClub reports.

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.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.02). Nexstar Media Group had a net margin of 14.26% and a return on equity of 23.08%. The company had revenue of $626.65 million for the quarter, compared to analysts’ expectations of $640.35 million. During the same quarter in the prior year, the firm earned $1.01 EPS. Nexstar Media Group’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Nexstar Media Group will post 6.59 EPS for the current fiscal year.

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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Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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