Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 300,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $66.13, for a total transaction of $19,839,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Nexstar Broadcasting Group, Inc. (NASDAQ NXST) opened at $64.55 on Tuesday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. Nexstar Broadcasting Group, Inc. has a 1 year low of $55.95 and a 1 year high of $73.90. The stock has a market cap of $2,991.42, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.45 and a beta of 2.24.

Nexstar Broadcasting Group (NASDAQ:NXST) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.09. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. The company had revenue of $611.87 million during the quarter, compared to the consensus estimate of $609.44 million. During the same quarter last year, the company earned $0.78 earnings per share. Nexstar Broadcasting Group’s revenue for the quarter was up 122.0% on a year-over-year basis. equities research analysts forecast that Nexstar Broadcasting Group, Inc. will post 3.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, November 16th. Nexstar Broadcasting Group’s dividend payout ratio (DPR) is 45.11%.

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A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Nexstar Broadcasting Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 3,502,491 shares of the company’s stock valued at $209,449,000 after acquiring an additional 62,881 shares in the last quarter. BlackRock Inc. grew its position in Nexstar Broadcasting Group by 118,109.1% in the first quarter. BlackRock Inc. now owns 2,975,324 shares of the company’s stock valued at $208,720,000 after acquiring an additional 2,972,807 shares in the last quarter. Bank of New York Mellon Corp grew its position in Nexstar Broadcasting Group by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 2,152,483 shares of the company’s stock valued at $134,100,000 after acquiring an additional 132,245 shares in the last quarter. JPMorgan Chase & Co. grew its position in Nexstar Broadcasting Group by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 1,756,748 shares of the company’s stock valued at $109,270,000 after acquiring an additional 158,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Nexstar Broadcasting Group by 10.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,551,140 shares of the company’s stock valued at $96,636,000 after acquiring an additional 141,940 shares in the last quarter.

NXST has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and set a $79.00 price objective on shares of Nexstar Broadcasting Group in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Wednesday, September 13th. Deutsche Bank AG initiated coverage on shares of Nexstar Broadcasting Group in a research note on Friday, October 20th. They set a “buy” rating and a $80.00 price objective for the company. Guggenheim initiated coverage on shares of Nexstar Broadcasting Group in a research note on Wednesday, October 18th. They set a “buy” rating and a $90.00 price objective for the company. Finally, BidaskClub downgraded shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target 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.

Insider Buying and Selling by Quarter for Nexstar Broadcasting Group (NASDAQ:NXST)

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