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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXST. Penserra Capital Management LLC bought a new position in shares of Nexstar Media Group in the 4th quarter worth $28,000. Fort L.P. purchased a new position in Nexstar Media Group during the 4th quarter worth $77,000. Bank of Montreal Can grew its stake in Nexstar Media Group by 35.4% during the 4th quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock worth $96,000 after buying an additional 321 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Nexstar Media Group during the 4th quarter worth $157,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Nexstar Media Group during the 4th quarter worth $203,000.

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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