Insider Selling: Nexstar Media Group Inc (NXST) Insider Sells 35,000 Shares of Stock
Nexstar Media Group Inc (NASDAQ:NXST) insider Brian Jones sold 35,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $108.31, for a total value of $3,790,850.00. Following the transaction, the insider now owns 52,734 shares of the company’s stock, valued at approximately $5,711,619.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ NXST opened at $109.28 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.59 and a beta of 1.56. Nexstar Media Group Inc has a twelve month low of $60.30 and a twelve month high of $109.79.
Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Tuesday, February 26th. The company reported $3.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.32). The company had revenue of $798.02 million during the quarter, compared to the consensus estimate of $787.00 million. Nexstar Media Group had a return on equity of 23.72% and a net margin of 14.08%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.97 earnings per share. Research analysts expect that Nexstar Media Group Inc will post 6.67 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on NXST shares. BidaskClub cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Zacks Investment Research lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Barrington Research reaffirmed a “buy” rating on shares of Nexstar Media Group in a research report on Monday, December 3rd. Benchmark reaffirmed a “buy” rating and set a $115.00 target price (up from $96.00) on shares of Nexstar Media Group in a research report on Tuesday, December 4th. Finally, Stephens lifted their target price on Nexstar Media Group from $94.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, December 4th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Nexstar Media Group currently has a consensus rating of “Buy” and a consensus target price of $109.50.
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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. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.
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