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Nexstar Media Group (NASDAQ:NXSTGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also recently issued reports on NXST. Wells Fargo & Company raised their price target on Nexstar Media Group from $186.00 to $208.00 in a report on Wednesday, February 23rd. Barrington Research raised their price target on Nexstar Media Group from $200.00 to $215.00 in a report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Nexstar Media Group from $216.00 to $225.00 in a report on Thursday. Zacks Investment Research upgraded Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 8th. Finally, Rosenblatt Securities started coverage on Nexstar Media Group in a report on Tuesday, April 19th. They issued a “neutral” rating and a $180.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $205.63.

NXST opened at $172.12 on Thursday. Nexstar Media Group has a 1-year low of $135.87 and a 1-year high of $192.84. The stock has a market capitalization of $6.96 billion, a PE ratio of 8.36, a PEG ratio of 0.65 and a beta of 1.54. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.58. The firm has a 50-day moving average price of $175.21 and a two-hundred day moving average price of $167.32.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $5.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $1.10. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Nexstar Media Group had a return on equity of 32.72% and a net margin of 18.66%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.42 EPS. On average, research analysts predict that Nexstar Media Group will post 24.58 EPS for the current year.

In other news, Director Charles Thomas Mcmillen sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $190.00, for a total transaction of $95,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Thomas Carter sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $185.48, for a total value of $927,400.00. The disclosure for this sale can be found here. Insiders sold 37,919 shares of company stock worth $7,075,467 in the last three months. Insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Nexstar Media Group during the first quarter worth about $26,000. Liberty Wealth Management LLC raised its holdings in shares of Nexstar Media Group by 98.2% in the third quarter. Liberty Wealth Management LLC now owns 216 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. First Financial Corp IN acquired a new stake in shares of Nexstar Media Group in the first quarter valued at approximately $41,000. Atlas Capital Advisors LLC bought a new stake in shares of Nexstar Media Group in the first quarter worth $44,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Nexstar Media Group by 69.5% during the first quarter. Exchange Traded Concepts LLC now owns 278 shares of the company’s stock worth $52,000 after purchasing an additional 114 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors.

About Nexstar Media Group (Get Rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

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