BidaskClub downgraded shares of Nexstar Media Group (NASDAQ:NXST) from a hold rating to a sell rating in a report published on Thursday.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada reaffirmed a buy rating and issued a $95.00 price target on shares of Nexstar Media Group in a research report on Thursday, January 4th. Noble Financial reaffirmed a buy rating on shares of Nexstar Media Group in a research report on Thursday, December 21st. Deutsche Bank raised their price target on Nexstar Media Group from $80.00 to $85.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Nexstar Media Group from a hold rating to a buy rating and set a $89.00 price target on the stock in a research report on Tuesday, January 30th. Finally, Guggenheim set a $88.00 price target on Nexstar Media Group and gave the company a buy rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $87.67.
Shares of Nexstar Media Group (NASDAQ NXST) opened at $71.65 on Thursday. The stock has a market capitalization of $3,303.74, a PE ratio of 18.09, a PEG ratio of 0.69 and a beta of 1.82. Nexstar Media Group has a 1 year low of $55.95 and a 1 year high of $82.95. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.57 and a quick ratio of 1.57.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $0.30. This represents a $1.50 dividend on an annualized basis and a yield of 2.09%. Nexstar Media Group’s dividend payout ratio (DPR) is 15.02%.
In related news, insider Timothy C. Busch sold 10,000 shares of Nexstar Media Group stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $79.13, for a total transaction of $791,300.00. Following the sale, the insider now directly owns 50,214 shares of the company’s stock, valued at $3,973,433.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Blake Russell sold 20,000 shares of Nexstar Media Group stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $78.31, for a total value of $1,566,200.00. Following the sale, the senior vice president now directly owns 42,861 shares in the company, valued at $3,356,444.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,000 shares of company stock worth $2,755,550. 8.40% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in Nexstar Media Group during the fourth quarter worth about $132,000. Victory Capital Management Inc. acquired a new stake in Nexstar Media Group during the third quarter worth about $172,000. Advisor Group Inc. grew its position in Nexstar Media Group by 86.5% during the fourth quarter. Advisor Group Inc. now owns 2,331 shares of the company’s stock worth $183,000 after buying an additional 1,081 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in Nexstar Media Group during the fourth quarter worth about $225,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Nexstar Media Group during the fourth quarter worth about $237,000.
COPYRIGHT VIOLATION WARNING: “Nexstar Media Group (NXST) Lowered to Sell at BidaskClub” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://sportsperspectives.com/2018/03/12/nexstar-media-group-nxst-lowered-to-sell-at-bidaskclub.html.
Nexstar Media 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.
Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.