Nexstar Media Group Inc (NASDAQ:NXST) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 2,409,700 shares, a decline of 19.1% from the June 15th total of 2,979,300 shares. Based on an average daily volume of 514,400 shares, the days-to-cover ratio is presently 4.7 days. Approximately 5.5% of the shares of the company are short sold.

A number of analysts recently issued reports on the company. Barrington Research reiterated a “buy” rating and set a $29.00 price objective on shares of Outfront Media in a research note on Monday, May 13th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. B. Riley set a $30.00 target price on Customers Bancorp and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $119.71.

Nexstar Media Group stock traded down $1.50 during midday trading on Friday, hitting $101.55. 308,330 shares of the company’s stock were exchanged, compared to its average volume of 650,664. Nexstar Media Group has a 52-week low of $70.09 and a 52-week high of $119.93. The stock’s 50-day moving average price is $103.30. 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 firm has a market capitalization of $4.75 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.60 and a beta of 1.50.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Wednesday, May 8th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.02). Nexstar Media Group had a return on equity of 23.08% and a net margin of 14.26%. The business had revenue of $626.65 million for the quarter, compared to analysts’ expectations of $640.35 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Nexstar Media Group’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts expect that Nexstar Media Group will post 6.45 earnings per share for the current year.

In related news, Director Dennis Miller sold 625 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $102.17, for a total transaction of $63,856.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Legacy Bridge LLC purchased a new position in Nexstar Media Group during the first quarter worth about $26,000. Private Capital Group LLC grew its position in Nexstar Media Group by 46.3% during 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. Synovus Financial Corp purchased a new position in Nexstar Media Group during the first quarter worth about $54,000. State of Alaska Department of Revenue purchased a new position in Nexstar Media Group during the first quarter worth about $66,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Nexstar Media Group in the 2nd quarter worth about $80,000.

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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