Nexstar Media Group (NASDAQ:NXST) Given Outperform Rating at Barrington Research

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $200.00 price target on the stock. Barrington Research’s target price would indicate a potential upside of 21.75% from the company’s previous close.

NXST has been the topic of a number of other research reports. Benchmark restated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $200.00 to $190.00 in a research note on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.29.

Nexstar Media Group Price Performance

Nexstar Media Group stock traded up $17.93 during mid-day trading on Thursday, reaching $164.27. The company had a trading volume of 630,280 shares, compared to its average volume of 301,447. Nexstar Media Group has a fifty-two week low of $146.04 and a fifty-two week high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a market cap of $5.10 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.45 and a beta of 1.45. The business has a fifty day simple moving average of $154.97 and a 200 day simple moving average of $163.29.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, equities research analysts predict that Nexstar Media Group will post 21.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Perry A. Sook sold 52,808 shares of Nexstar Media Group stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the completion of the transaction, the chief executive officer now owns 674,694 shares of the company’s stock, valued at $106,203,582.54. This trade represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of Nexstar Media Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $328,900. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,493 shares of company stock valued at $20,354,366 over the last quarter. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Nexstar Media Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Advisors Network LLC increased its stake in Nexstar Media Group by 9.6% in the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company’s stock valued at $231,000 after purchasing an additional 128 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Nexstar Media Group by 12.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,172 shares of the company’s stock valued at $18,352,000 after purchasing an additional 12,695 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Nexstar Media Group in the fourth quarter valued at $7,075,000. Tidal Investments LLC increased its stake in Nexstar Media Group by 23.3% in the fourth quarter. Tidal Investments LLC now owns 3,966 shares of the company’s stock valued at $627,000 after purchasing an additional 749 shares in the last quarter. Finally, Teza Capital Management LLC increased its stake in Nexstar Media Group by 23.4% in the fourth quarter. Teza Capital Management LLC now owns 6,118 shares of the company’s stock valued at $966,000 after purchasing an additional 1,161 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

About Nexstar Media Group

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.