Shares of Nexstar Broadcasting Group Inc. (NASDAQ:NXST) shot up 2.8% during trading on Thursday . The stock traded as high as $48.26 and last traded at $48.14, with a volume of 266,225 shares. The stock had previously closed at $46.85.

Several brokerages have recently weighed in on NXST. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “strong-buy” rating to a “hold” rating in a research note on Friday. Noble Financial reaffirmed a “buy” rating and set a $75.00 price target (up from $63.00) on shares of Nexstar Broadcasting Group in a research note on Friday, May 20th. Benchmark Co. raised their price target on shares of Nexstar Broadcasting Group from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 18th. Finally, Jefferies Group raised their price target on shares of Nexstar Broadcasting Group from $57.00 to $63.00 in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.43.

The stock has a market capitalization of $1.57 billion and a price-to-earnings ratio of 18.85. The firm’s 50-day moving average is $50.10 and its 200-day moving average is $48.24.

Nexstar Broadcasting Group (NASDAQ:NXST) last announced its earnings results on Tuesday, May 3rd. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. During the same quarter in the previous year, the company earned $0.40 earnings per share. The company earned $255.66 million during the quarter, compared to the consensus estimate of $251.59 million. The business’s revenue was up 26.8% on a year-over-year basis. Equities analysts anticipate that Nexstar Broadcasting Group Inc. will post $4.36 EPS for the current fiscal year.

Other institutional investors have modified their holdings of the company. Fiduciary Management Associates LLC raised its position in shares of Nexstar Broadcasting Group by 6.8% in the fourth quarter. Fiduciary Management Associates LLC now owns 383,607 shares of the company’s stock valued at $22,519,000 after buying an additional 24,580 shares during the period. WBI Investments Inc. acquired a new position in shares of Nexstar Broadcasting Group during the fourth quarter valued at about $9,521,000. Russell Frank Co raised its position in shares of Nexstar Broadcasting Group by 40.3% in the fourth quarter. Russell Frank Co now owns 102,942 shares of the company’s stock valued at $5,963,000 after buying an additional 29,559 shares during the period. EAM Investors LLC raised its position in shares of Nexstar Broadcasting Group by 27.5% in the fourth quarter. EAM Investors LLC now owns 79,195 shares of the company’s stock valued at $4,649,000 after buying an additional 17,090 shares during the period. Finally, Tributary Capital Management LLC acquired a new position in shares of Nexstar Broadcasting Group during the fourth quarter valued at about $4,641,000.

Nexstar Broadcasting Group, Inc is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31, 2014, the Company owned, operated, programmed or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado and Virginia.

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