Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) insider Gary Michael Vaughn sold 200 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $62.96, for a total value of $12,592.00. Following the completion of the sale, the insider now owns 4,750 shares in the company, valued at approximately $299,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $61.35, for a total value of $309,817.50.
Shares of Nexstar Broadcasting Group, Inc. (NASDAQ NXST) traded up 1.59% on Tuesday, hitting $63.80. The stock had a trading volume of 633,081 shares. The company has a 50 day moving average price of $60.82 and a 200-day moving average price of $61.67. Nexstar Broadcasting Group, Inc. has a 12 month low of $47.00 and a 12 month high of $73.90. The stock has a market cap of $2.95 billion, a PE ratio of 26.24 and a beta of 2.22.
Nexstar Broadcasting Group (NASDAQ:NXST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. The business had revenue of $626.11 million for the quarter, compared to analysts’ expectations of $608.23 million. Nexstar Broadcasting Group had a net margin of 5.44% and a return on equity of 18.35%. The business’s quarterly revenue was up 139.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities research analysts anticipate that Nexstar Broadcasting Group, Inc. will post $3.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s payout ratio is currently 48.78%.
A number of research analysts recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $81.00 target price (down previously from $83.00) on shares of Nexstar Broadcasting Group in a research note on Thursday, August 10th. BidaskClub raised Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Nexstar Broadcasting Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. FBR & Co assumed coverage on Nexstar Broadcasting Group in a research note on Tuesday. They issued a “buy” rating and a $79.00 target price on the stock. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $85.00 target price on shares of Nexstar Broadcasting Group in a research note on Friday, July 14th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Nexstar Broadcasting Group presently has an average rating of “Buy” and an average target price of $80.10.
Several hedge funds and other institutional investors have recently made changes to their positions in NXST. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nexstar Broadcasting Group during the 2nd quarter valued at about $125,000. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Nexstar Broadcasting Group during the 2nd quarter valued at about $145,000. Victory Capital Management Inc. purchased a new stake in shares of Nexstar Broadcasting Group during the 3rd quarter valued at about $172,000. SG Americas Securities LLC raised its position in shares of Nexstar Broadcasting Group by 48.4% during the 1st quarter. SG Americas Securities LLC now owns 2,633 shares of the company’s stock valued at $185,000 after buying an additional 859 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Nexstar Broadcasting Group by 2.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock valued at $214,000 after buying an additional 99 shares in 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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