Nexstar Media Group (NXST) Trading 5.2% Higher

Shares of Nexstar Media Group Inc (NASDAQ:NXST) traded up 5.2% on Monday . The company traded as high as $65.95 and last traded at $65.60. 1,339,257 shares changed hands during trading, an increase of 118% from the average session volume of 615,326 shares. The stock had previously closed at $62.35.

A number of analysts have recently weighed in on the company. Noble Financial reissued a “buy” rating on shares of Nexstar Media Group in a research note on Thursday, December 21st. BidaskClub raised Nexstar Media Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Nexstar Media Group from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, January 30th. Wells Fargo reissued an “outperform” rating and set a $102.00 price objective (up previously from $93.00) on shares of Nexstar Media Group in a research note on Thursday, January 4th. Finally, Guggenheim set a $88.00 price objective on Nexstar Media Group and gave the company a “buy” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $87.67.

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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 firm has a market cap of $3,024.77, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.77.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.23. Nexstar Media Group had a return on equity of 14.44% and a net margin of 19.53%. The firm had revenue of $653.66 million during the quarter, compared to the consensus estimate of $645.98 million. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue was up 110.9% on a year-over-year basis. equities analysts forecast that Nexstar Media Group Inc will post 8.49 EPS for the current fiscal year.

Several large investors have recently modified their holdings of NXST. Legal & General Group Plc increased its holdings in shares of Nexstar Media Group by 22.8% during the third quarter. Legal & General Group Plc now owns 20,504 shares of the company’s stock valued at $1,276,000 after acquiring an additional 3,811 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Nexstar Media Group by 16.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 225,687 shares of the company’s stock valued at $14,061,000 after buying an additional 32,178 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Nexstar Media Group by 10.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,551,140 shares of the company’s stock valued at $96,636,000 after buying an additional 141,940 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Nexstar Media Group by 12.1% during the third quarter. Envestnet Asset Management Inc. now owns 8,413 shares of the company’s stock valued at $523,000 after buying an additional 908 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Nexstar Media Group by 178.5% during the third quarter. Point72 Asset Management L.P. now owns 68,502 shares of the company’s stock valued at $4,268,000 after buying an additional 43,902 shares during the last quarter.

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About Nexstar Media Group

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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