Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) insider Gary Michael Vaughn sold 200 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $62.96, for a total value of $12,592.00. Following the transaction, the insider now owns 4,750 shares in the company, valued at $299,060. The sale was disclosed in a document filed with the SEC, which is available at this link.
Gary Michael Vaughn also recently made the following trade(s):
- On Friday, October 20th, Gary Michael Vaughn sold 5,050 shares of Nexstar Broadcasting Group stock. The stock was sold at an average price of $61.35, for a total value of $309,817.50.
Nexstar Broadcasting Group, Inc. (NXST) traded down $0.55 during mid-day trading on Friday, reaching $65.65. The company’s stock had a trading volume of 784,200 shares, compared to its average volume of 720,564. The company has a quick ratio of 1.36, a current ratio of 1.35 and a debt-to-equity ratio of 3.58. The stock has a market cap of $3,016.48, a price-to-earnings ratio of 17.38, a PEG ratio of 1.46 and a beta of 2.24. Nexstar Broadcasting Group, Inc. has a 1-year low of $55.00 and a 1-year high of $73.90.
Nexstar Broadcasting Group (NASDAQ:NXST) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. Nexstar Broadcasting Group had a return on equity of 16.20% and a net margin of 5.60%. The company had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Nexstar Broadcasting Group’s revenue was up 122.0% on a year-over-year basis. sell-side analysts expect that Nexstar Broadcasting Group, Inc. will post 3.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s payout ratio is 45.11%.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Nexstar Broadcasting Group by 3.4% during the third quarter. Wells Fargo & Company MN now owns 403,890 shares of the company’s stock worth $25,162,000 after purchasing an additional 13,448 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Nexstar Broadcasting Group during the third quarter worth about $490,000. JPMorgan Chase & Co. grew its holdings in shares of Nexstar Broadcasting Group by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 1,756,748 shares of the company’s stock worth $109,270,000 after purchasing an additional 158,626 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Nexstar Broadcasting Group during the third quarter worth about $554,000. Finally, Legal & General Group Plc grew its holdings in shares of Nexstar Broadcasting Group by 22.8% during the third quarter. Legal & General Group Plc now owns 20,504 shares of the company’s stock worth $1,276,000 after purchasing an additional 3,811 shares in the last quarter.
A number of equities research analysts recently issued reports on NXST shares. Deutsche Bank AG started coverage on Nexstar Broadcasting Group in a research note on Friday, October 20th. They issued a “buy” rating and a $80.00 price objective on the stock. Zacks Investment Research upgraded Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday, September 13th. ValuEngine cut Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wells Fargo & Company restated an “outperform” rating and issued a $85.00 price objective on shares of Nexstar Broadcasting Group in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $80.00 price objective on shares of Nexstar Broadcasting Group in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $80.91.
About Nexstar Broadcasting Group
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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