Nexstar Media Group, Inc. (NASDAQ:NXST) Given Average Recommendation of "Buy" by Analysts

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) has received a consensus rating of "Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $205.71.

Several analysts have issued reports on the company. Barrington Research restated an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, May 13th. Benchmark dropped their price objective on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their target price on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st.

Insider Buying and Selling at Nexstar Media Group

In related news, insider Gary Weitman sold 510 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total transaction of $84,277.50. Following the sale, the insider owned 8,229 shares of the company's stock, valued at $1,359,842.25. This represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Blake Russell sold 507 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $83,781.75. Following the sale, the executive vice president directly owned 24,826 shares in the company, valued at $4,102,496.50. This represents a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,474 shares of company stock valued at $3,666,988 over the last ninety days. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nexstar Media Group

A number of large investors have recently modified their holdings of NXST. Demars Financial Group LLC boosted its holdings in shares of Nexstar Media Group by 16,009.5% in the 4th quarter. Demars Financial Group LLC now owns 773,737 shares of the company's stock valued at $122,227,000 after purchasing an additional 768,934 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Nexstar Media Group by 71,715.8% in the 1st quarter. Jones Financial Companies Lllp now owns 394,987 shares of the company's stock valued at $70,790,000 after purchasing an additional 394,437 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in shares of Nexstar Media Group in the 1st quarter valued at $60,064,000. Norges Bank acquired a new stake in shares of Nexstar Media Group in the 4th quarter valued at $44,460,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Nexstar Media Group by 611.5% during the 1st quarter. Victory Capital Management Inc. now owns 289,668 shares of the company's stock valued at $51,914,000 after acquiring an additional 248,957 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Stock Up 0.2%

NXST traded up $0.39 on Tuesday, hitting $184.46. 95,196 shares of the company were exchanged, compared to its average volume of 374,148. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $191.86. The company has a market cap of $5.63 billion, a PE ratio of 9.34, a PEG ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.74 and a current ratio of 1.74. The stock's fifty day moving average is $173.60 and its 200-day moving average is $164.09.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.11. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Nexstar Media Group had a return on equity of 29.21% and a net margin of 12.21%. Nexstar Media Group's revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.16 earnings per share. Equities research analysts predict that Nexstar Media Group will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Monday, May 19th. Nexstar Media Group's dividend payout ratio is currently 37.69%.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.