Deutsche Bank AG Begins Coverage on Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)
Deutsche Bank AG Begins Coverage on Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)
AM ET Nexstar Revenue Retrans Soar in Q3 Media General buy drives growth in period
07 November, 2017, 19:01
UBS Asset Management Americas Inc. grew its holdings in Nexstar Broadcasting Group by 0.6% during the second quarter.
The company's early Monday morning stock was down over 2% before recovering, off 0.7% to $62.60. It has outperformed by 2.73% the S&P500. (NASDAQ:NXST) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, October 24th. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. Nexstar Broadcasting Group has a one year low of $47.00 and a one year high of $73.90. The stock was sold at an average price of $60.60, for a total transaction of $57,570.00. Nexstar Broadcasting Group had 25 analyst reports since August 5, 2015 according to SRatingsIntel. Barrington Research has "Outperform" rating and $79 target.
In related news, Director John R. Muse sold 229,267 shares of the stock in a transaction that occurred on Friday, September 22nd. Jefferies maintained the shares of NXST in report on Monday, June 12 with "Buy" rating. Royal Bank Of Canada reiterated a "buy" rating and issued a $83.00 price objective on shares of Nexstar Broadcasting Group in a report on Thursday, July 6th. Stephens initiated it with "Overweight" rating and $75 target in Wednesday, November 18 report. The original version of this article can be viewed at https://baseballnewssource.com/markets/nexstar-broadcasting-group-inc-nxst-earns-buy-rating-from-analysts-at-b-riley/1749251.html. Jefferies Group LLC reissued a "buy" rating and issued a $80.00 target price on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. The company was maintained on Wednesday, March 1 by Wedbush. RBC Capital Markets maintained Nexstar Media Group Inc (NASDAQ:NXST) rating on Wednesday, August 9.
Accounting for its Media General acquisition completed earlier this year, Nexstar Media Group's financial results soared in the third quarter, in line with or slightly higher than analysts' estimates. They expect $0.96 EPS, up 23.08% or $0.18 from last year's $0.78 per share. NXST's profit would be $45.37 million giving it 16.42 P/E if the $0.96 EPS is correct. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.85 by $0.07.
Investors sentiment decreased to 1.14 in 2017 Q2. Shares of NXST have uptrended 1.12% in the past three months, while the S&P 500 has moved -2.04% in that time. Nexstar Broadcasting Group's dividend payout ratio is now 48.78%.
Hedge funds have recently added to or reduced their stakes in the stock. Beach Point Capital Lp owns 327,536 shares. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported. First Manhattan accumulated 6,778 shares.
After a recent scan, we can see that Nexstar Media Group, Inc. 118,600 were accumulated by United Svcs Automobile Association. Nexstar Media Group Inc (NASDAQ:NXST) has risen 19.43% since November 6, 2016 and is uptrending. Adage Capital Prns Grp Inc Limited Liability has 450,000 shares. 193,509 were accumulated by Schwab Charles Investment. Morgan Stanley stated it has 0.01% in Nexstar Media Group Inc (NASDAQ:NXST). Scopus Asset Lp, a New York-based fund reported 1.11M shares. Parametric Portfolio Llc holds 0.01% or 174,233 shares in its portfolio. 140,884 were reported by Tiaa Cref Mngmt. It has outperformed by 2.73% the S&P500. Act Ii Ltd Partnership stated it has 8.39% of its portfolio in Nexstar Media Group Inc (NASDAQ:NXST).
O'Reilly Automotive, Inc. (NASDAQ:ORLY) has a market cap of $19.13 billion and over the last 12 months, ORLY has declined by -18.84%. The company has market cap of $82.09 million. It has a 26.43 P/E ratio.
According to Zacks, "Nexstar Broadcasting Group now owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and NY".
Since May 9, 2017, it had 0 insider buys, and 1 sale for $310,163 activity. About 7.57 million shares traded.
Investors sentiment decreased to 1.18 in 2017 Q2. Its down 0.02, from 1.56 in 2017Q1. It dropped, as 20 investors sold MTH shares while 42 reduced holdings. 74 funds opened positions while 243 raised stakes. 716 are held by Thompson Davis & Co. Bank of New York Mellon Corp now owns 2,152,483 shares of the company's stock worth $134,100,000 after purchasing an additional 132,245 shares during the period. Pnc Financial Services Group Inc owns 8,759 shares. Parallax Volatility Advisers Ltd Partnership owns 0% invested in Nexstar Media Group Inc (NASDAQ:NXST) for 5,695 shares. Highland Limited Partnership invested 0.01% of its portfolio in Meritage Homes Corp (NYSE:MTH). Fmr Lc invested in 0.01% or 1.85M shares. Great West Life Assurance Can reported 0% stake. Thrivent For Lutherans owns 15,380 shares for 0% of their portfolio. (NASDAQ:CRAI). Los Angeles Capital Management Equity Inc reported 0% of its portfolio in CRA International, Inc. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. On Friday, October 20 the stock rating was initiated by Deutsche Bank with "Buy". Old Second National Bank & Trust Of Aurora, a Illinois-based fund reported 300 shares. The company was maintained on Wednesday, March 1 by Benchmark. The rating was maintained by FBR Capital on Monday, November 2 with "Mkt Perform". The company was maintained on Tuesday, August 15 by Piper Jaffray. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Tuesday, August 1 report.
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