Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) EVP Elizabeth Ryder sold 3,000 shares of Nexstar Broadcasting Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $65.87, for a total transaction of $197,610.00. Following the completion of the transaction, the executive vice president now owns 5,210 shares in the company, valued at approximately $343,182.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) traded up $0.10 during trading on Wednesday, reaching $66.55. 462,800 shares of the company’s stock were exchanged, compared to its average volume of 719,402. The company has a market cap of $3,027.87, a price-to-earnings ratio of 17.44, a PEG ratio of 1.47 and a beta of 2.24. Nexstar Broadcasting Group, Inc. has a 1-year low of $55.95 and a 1-year high of $73.90. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35.
Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The business had revenue of $611.87 million for the quarter, compared to analyst estimates of $609.44 million. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. The company’s revenue was up 122.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. sell-side analysts expect that Nexstar Broadcasting Group, Inc. will post 3.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is presently 45.11%.
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A number of equities analysts recently commented on NXST shares. BidaskClub cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $81.00 target price (down previously from $83.00) on shares of Nexstar Broadcasting Group in a research report on Thursday, August 10th. ValuEngine cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Nexstar Broadcasting Group has a consensus rating of “Buy” and an average price target of $82.00.
A number of institutional investors have recently made changes to their positions in NXST. Thompson Siegel & Walmsley LLC bought a new stake in Nexstar Broadcasting Group in the 2nd quarter worth $125,000. Bronfman E.L. Rothschild L.P. bought a new stake in Nexstar Broadcasting Group in the 2nd quarter worth $145,000. Victory Capital Management Inc. bought a new stake in Nexstar Broadcasting Group in the 3rd quarter worth $172,000. SG Americas Securities LLC grew its holdings in Nexstar Broadcasting 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 acquiring an additional 785 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Nexstar Broadcasting 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 acquiring an additional 99 shares during the last quarter.
Nexstar Broadcasting 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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