Rosenblatt Securities Reiterates “Buy” Rating for Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group (NASDAQ:NXST)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $200.00 target price on the stock. Rosenblatt Securities’ price target indicates a potential upside of 12.45% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Wednesday, March 5th. Benchmark boosted their price target on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Guggenheim raised their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Loop Capital upgraded Nexstar Media Group from a “hold” rating to a “buy” rating and upped their target price for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.43.

Nexstar Media Group Trading Up 3.0 %

Nexstar Media Group stock opened at $177.85 on Monday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market cap of $5.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. The stock has a 50-day moving average of $156.61 and a two-hundred day moving average of $163.71. Nexstar Media Group has a one year low of $146.04 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing the consensus estimate of $9.22 by ($1.66). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, research analysts anticipate that Nexstar Media Group will post 21.62 EPS for the current fiscal year.

Insider Transactions at Nexstar Media Group

In related news, CFO Lee Ann Gliha sold 330 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $158.23, for a total transaction of $52,215.90. Following the sale, the chief financial officer now owns 8,610 shares in the company, valued at approximately $1,362,360.30. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Weitman sold 1,241 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $177.21, for a total transaction of $219,917.61. Following the completion of the transaction, the insider now owns 3,975 shares of the company’s stock, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,955 shares of company stock valued at $26,240,628 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Nexstar Media Group by 67.8% during the third quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after acquiring an additional 10,603 shares during the period. SGL Investment Advisors Inc. acquired a new position in shares of Nexstar Media Group during the 3rd quarter worth about $3,758,000. Charles Schwab Investment Management Inc. raised its position in shares of Nexstar Media Group by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after purchasing an additional 7,117 shares during the last quarter. Quest Partners LLC boosted its holdings in Nexstar Media Group by 661.4% in the 3rd quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock worth $1,434,000 after buying an additional 7,533 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in Nexstar Media Group by 680.9% in the 3rd quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock worth $2,847,000 after buying an additional 15,014 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

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.