Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) insider Gary Michael Vaughn sold 5,050 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $61.35, for a total value of $309,817.50. Following the sale, the insider now owns 10,000 shares in the company, valued at $613,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Nexstar Broadcasting Group, Inc. (NXST) traded down 1.55% during midday trading on Monday, hitting $60.30. The stock had a trading volume of 668,799 shares. Nexstar Broadcasting Group, Inc. has a 52-week low of $47.00 and a 52-week high of $73.90. The firm’s 50 day moving average price is $60.49 and its 200 day moving average price is $62.01. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 24.80 and a beta of 2.22.

Nexstar Broadcasting Group (NASDAQ:NXST) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. Nexstar Broadcasting Group had a return on equity of 18.35% and a net margin of 5.44%. The business had revenue of $626.11 million for the quarter, compared to analyst estimates of $608.23 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 139.0% on a year-over-year basis. On average, equities research analysts expect that Nexstar Broadcasting Group, Inc. will post $3.38 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/23/nexstar-broadcasting-group-inc-nxst-insider-gary-michael-vaughn-sells-5050-shares.html.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Deutsche Bank AG assumed coverage on Nexstar Broadcasting Group in a research report on Friday. They set 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 $67.00 price objective on the stock in a research report on Saturday. Jefferies Group LLC restated a “buy” rating and set a $80.00 price objective on shares of Nexstar Broadcasting Group in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $81.00 price objective on shares of Nexstar Broadcasting Group in a research report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.22.

Institutional investors have recently bought and sold shares of the company. Rovida Advisors Inc. acquired a new position in shares of Nexstar Broadcasting Group during the second quarter worth $2,912,000. Sei Investments Co. grew its stake in shares of Nexstar Broadcasting Group by 25.1% during the second quarter. Sei Investments Co. now owns 18,239 shares of the company’s stock worth $1,092,000 after purchasing an additional 3,658 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Nexstar Broadcasting Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after purchasing an additional 99 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Nexstar Broadcasting Group by 64.1% during the second quarter. Lazard Asset Management LLC now owns 133,121 shares of the company’s stock worth $7,960,000 after purchasing an additional 52,015 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its stake in shares of Nexstar Broadcasting Group by 2.0% during the second quarter. Emerald Advisers Inc. PA now owns 425,260 shares of the company’s stock worth $25,431,000 after purchasing an additional 8,270 shares in the last quarter.

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)

Receive News & Ratings for Nexstar Broadcasting Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Broadcasting Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.