First National Bank of Omaha boosted its position in Nexstar Media Group Inc (NASDAQ:NXST) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,000 shares of the company’s stock after purchasing an additional 1,984 shares during the period. First National Bank of Omaha owned about 0.05% of Nexstar Media Group worth $2,931,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Nexstar Media Group by 165.9% in the third quarter. Tower Research Capital LLC TRC now owns 327 shares of the company’s stock valued at $33,000 after buying an additional 204 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Nexstar Media Group during the third quarter worth $132,000. IFP Advisors Inc grew its stake in shares of Nexstar Media Group by 8.3% during the fourth quarter. IFP Advisors Inc now owns 1,636 shares of the company’s stock worth $191,000 after buying an additional 125 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Nexstar Media Group during the second quarter worth $224,000. Finally, Wright Investors Service Inc. bought a new stake in shares of Nexstar Media Group during the third quarter worth $296,000.
A number of analysts have weighed in on the stock. Wells Fargo & Co raised shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and set a $149.00 target price on the stock in a research note on Monday, January 6th. ValuEngine cut shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. B. Riley reaffirmed a “buy” rating and set a $140.00 target price on shares of Nexstar Media Group in a research note on Wednesday, November 20th. Zacks Investment Research cut shares of Nexstar Media Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $139.14.
Shares of Nexstar Media Group stock opened at $131.12 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 4.30. Nexstar Media Group Inc has a twelve month low of $79.79 and a twelve month high of $133.25. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.69 and a beta of 1.45. The company’s fifty day moving average is $115.15 and its 200 day moving average is $104.59.
Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of $1.51 by ($2.36). Nexstar Media Group had a return on equity of 16.74% and a net margin of 9.87%. The business had revenue of $663.60 million during the quarter, compared to the consensus estimate of $644.00 million. During the same period in the prior year, the firm earned $2.12 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Nexstar Media Group Inc will post 6.55 earnings per share for the current fiscal year.
In related news, EVP Elizabeth Ryder sold 9,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $110.03, for a total value of $1,045,285.00. Following the transaction, the executive vice president now owns 4,192 shares in the company, valued at $461,245.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Thomas Carter sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $106.39, for a total transaction of $138,307.00. Following the completion of the transaction, the chief financial officer now owns 99,489 shares in the company, valued at approximately $10,584,634.71. The disclosure for this sale can be found here. In the last three months, insiders sold 45,663 shares of company stock worth $5,031,382. 6.40% of the stock is currently owned by insiders.
Nexstar Media Group Company Profile
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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