Nexstar Media Group Inc (NASDAQ:NXST) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.25 and last traded at $72.45, with a volume of 860700 shares. The stock had previously closed at $72.15.

Several research analysts have recently issued reports on NXST shares. B. Riley restated a “buy” rating and issued a $79.00 target price on shares of Nexstar Media Group in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Wednesday, September 13th. Deutsche Bank started coverage on shares of Nexstar Media Group in a report on Friday, October 20th. They issued a “buy” rating and a $80.00 target price on the stock. Guggenheim assumed coverage on shares of Nexstar Media Group in a report on Wednesday, October 18th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, BidaskClub raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $82.00.

The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $3,301.27, a PE ratio of 19.02, a P/E/G ratio of 1.63 and a beta of 2.21.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.89 by $0.09. The business had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. Nexstar Media Group had a return on equity of 16.20% and a net margin of 5.60%. The company’s revenue for the quarter was up 122.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. equities analysts predict that Nexstar Media Group Inc will post 3.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 16th. Nexstar Media Group’s dividend payout ratio is currently 45.11%.

In other news, Director John R. Muse sold 229,267 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $59.50, for a total transaction of $13,641,386.50. Following the completion of the transaction, the director now directly owns 4,743 shares in the company, valued at $282,208.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Perry A. Sook sold 300,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $66.13, for a total value of $19,839,000.00. The disclosure for this sale can be found here. Insiders have sold 1,275,917 shares of company stock valued at $78,359,404 in the last three months. Insiders own 7.80% of the company’s stock.

Large investors have recently modified their holdings of the company. Thompson Siegel & Walmsley LLC bought a new position in shares of Nexstar Media Group during the second quarter valued at $125,000. Bronfman E.L. Rothschild L.P. bought a new stake in Nexstar Media Group in the 2nd quarter worth about $145,000. Victory Capital Management Inc. bought a new stake in Nexstar Media Group in the 3rd quarter worth about $172,000. SG Americas Securities LLC increased its holdings in Nexstar Media Group by 29.8% in the 2nd quarter. SG Americas Securities LLC now owns 3,418 shares of the company’s stock worth $204,000 after buying an additional 785 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Nexstar Media Group by 2.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after buying an additional 99 shares in the last quarter.

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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.

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