Nexstar Media Group Inc (NASDAQ:NXST) saw an uptick in trading volume on Friday . 5,432,111 shares changed hands during mid-day trading, an increase of 907% from the previous session’s volume of 539,691 shares.The stock last traded at $101.00 and had previously closed at $100.16.
A number of research firms recently issued reports on NXST. Barrington Research reiterated a “buy” rating and issued a $135.00 target price on shares of Nexstar Media Group in a report on Monday, May 13th. BidaskClub lowered Nexstar Media Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Nexstar Media Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Benchmark reiterated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Nexstar Media Group in a report on Thursday, March 21st. Finally, B. Riley set a $139.00 target price on Nexstar Media Group and gave the company a “buy” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Nexstar Media Group presently has an average rating of “Buy” and an average price target of $113.13.
The firm has a market capitalization of $4.66 billion, a P/E ratio of 11.83, a PEG ratio of 1.53 and a beta of 1.60. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average price of $102.58.
In other Nexstar Media Group news, Director Dennis Miller sold 625 shares of Nexstar Media Group stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $102.17, for a total transaction of $63,856.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Bridge LLC purchased a new stake in Nexstar Media Group during the 1st quarter worth about $26,000. Private Capital Group LLC lifted its holdings in shares of Nexstar Media Group by 46.3% in the 1st quarter. Private Capital Group LLC now owns 392 shares of the company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at about $54,000. State of Alaska Department of Revenue purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at about $66,000. Finally, Investors Research Corp purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at about $97,000.
Nexstar Media Group Company Profile (NASDAQ:NXST)
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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