Shares of Nexstar Media Group Inc (NASDAQ:NXST) have received an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $86.90.
A number of equities analysts have weighed in on the stock. FBR & Co assumed coverage on shares of Nexstar Media Group in a research note on Tuesday, October 31st. They issued a “buy” rating and a $79.00 target price for the company. B. Riley reaffirmed a “buy” rating and issued a $79.00 target price on shares of Nexstar Media Group in a research note on Wednesday, November 1st. Deutsche Bank boosted their target price on shares of Nexstar Media Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Nexstar Media Group in a research note on Thursday, December 21st.
Nexstar Media Group (NASDAQ:NXST) opened at $73.75 on Tuesday. The company has a market cap of $3,370.00, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.70 and a beta of 1.83. Nexstar Media Group has a 12-month low of $55.95 and a 12-month high of $82.95. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35.
In other Nexstar Media Group news, insider Gary Michael Vaughn sold 400 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $71.32, for a total value of $28,528.00. Following the completion of the transaction, the insider now directly owns 7,140 shares of the company’s stock, valued at $509,224.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Blake Russell sold 20,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the completion of the transaction, the senior vice president now directly owns 42,861 shares of the company’s stock, valued at $3,356,444.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,400 shares of company stock valued at $2,784,078. Insiders own 8.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NXST. Hound Partners LLC bought a new stake in shares of Nexstar Media Group during the fourth quarter worth approximately $285,716,000. Windacre Partnership LLC bought a new stake in shares of Nexstar Media Group during the fourth quarter worth approximately $58,595,000. Rovida Advisors Inc. raised its stake in shares of Nexstar Media Group by 940.8% during the third quarter. Rovida Advisors Inc. now owns 506,743 shares of the company’s stock worth $31,570,000 after buying an additional 458,055 shares during the last quarter. Cardinal Capital Management LLC CT raised its stake in shares of Nexstar Media Group by 61.1% during the fourth quarter. Cardinal Capital Management LLC CT now owns 1,134,842 shares of the company’s stock worth $88,745,000 after buying an additional 430,454 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Nexstar Media Group during the third quarter worth approximately $22,069,000.
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About Nexstar Media Group
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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