Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) EVP Elizabeth Ryder sold 3,000 shares of Nexstar Broadcasting Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $65.87, for a total value of $197,610.00. Following the completion of the transaction, the executive vice president now directly owns 5,210 shares of the company’s stock, valued at $343,182.70. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Nexstar Broadcasting Group, Inc. (NXST) traded up $0.10 during mid-day trading on Tuesday, reaching $66.55. 462,819 shares of the company’s stock were exchanged, compared to its average volume of 719,402. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. Nexstar Broadcasting Group, Inc. has a 1-year low of $55.95 and a 1-year high of $73.90. The company has a market cap of $3,040.00, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.46 and a beta of 2.24.
Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.09. The firm had revenue of $611.87 million for the quarter, compared to analysts’ expectations of $609.44 million. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. The business’s quarterly revenue was up 122.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. analysts forecast that Nexstar Broadcasting Group, Inc. will post 3.51 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of NXST. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nexstar Broadcasting Group during the second quarter worth about $125,000. Bronfman E.L. Rothschild L.P. bought a new position in Nexstar Broadcasting Group in the second quarter worth about $145,000. Victory Capital Management Inc. bought a new position in Nexstar Broadcasting Group in the third quarter worth about $172,000. SG Americas Securities LLC raised its stake in Nexstar Broadcasting Group by 29.8% in the second quarter. SG Americas Securities LLC now owns 3,418 shares of the company’s stock worth $204,000 after buying an additional 785 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Nexstar Broadcasting Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after buying an additional 99 shares in the last quarter.
A number of brokerages recently commented on NXST. B. Riley boosted their target price on Nexstar Broadcasting Group from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Deutsche Bank AG boosted their target price on Nexstar Broadcasting Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $81.00 target price (down from $83.00) on shares of Nexstar Broadcasting Group in a research report on Thursday, August 10th. BidaskClub raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, FBR & Co began coverage on Nexstar Broadcasting Group in a research report on Tuesday, October 31st. They issued a “buy” rating and a $79.00 target price for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $82.00.
Nexstar Broadcasting Group Company Profile
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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