Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) insider Gary Michael Vaughn sold 400 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $71.32, for a total transaction of $28,528.00. Following the sale, the insider now owns 7,140 shares in the company, valued at $509,224.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Gary Michael Vaughn also recently made the following trade(s):

  • On Wednesday, November 22nd, Gary Michael Vaughn sold 2,210 shares of Nexstar Broadcasting Group stock. The shares were sold at an average price of $66.79, for a total transaction of $147,605.90.
  • On Friday, October 27th, Gary Michael Vaughn sold 200 shares of Nexstar Broadcasting Group stock. The shares were sold at an average price of $62.96, for a total transaction of $12,592.00.
  • 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 transaction of $309,817.50.

Nexstar Broadcasting Group, Inc. (NASDAQ NXST) traded up $0.70 on Thursday, reaching $71.90. 829,572 shares of the company traded hands, compared to its average volume of 716,673. The stock has a market capitalization of $3,280.00, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.58 and a beta of 2.20. Nexstar Broadcasting Group, Inc. has a 52 week low of $55.95 and a 52 week high of $73.90. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.58.

Nexstar Broadcasting Group (NASDAQ:NXST) last posted its earnings results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The company had revenue of $611.87 million during the quarter, compared to analysts’ expectations of $609.44 million. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. Nexstar Broadcasting Group’s quarterly revenue was up 122.0% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. analysts anticipate that Nexstar Broadcasting Group, Inc. will post 3.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. Nexstar Broadcasting Group’s payout ratio is currently 44.94%.

Large investors have recently modified their holdings of the business. Rovida Advisors Inc. purchased a new position in shares of Nexstar Broadcasting Group in the 2nd quarter worth $2,912,000. Teacher Retirement System of Texas grew its stake in shares of Nexstar Broadcasting Group by 2.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,584 shares of the company’s stock worth $214,000 after buying an additional 99 shares in the last quarter. Sei Investments Co. grew its stake in shares of Nexstar Broadcasting Group by 25.1% in the 2nd quarter. Sei Investments Co. now owns 18,239 shares of the company’s stock worth $1,092,000 after buying an additional 3,658 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Nexstar Broadcasting Group by 64.1% in the 2nd quarter. Lazard Asset Management LLC now owns 133,121 shares of the company’s stock worth $7,960,000 after buying an additional 52,015 shares in the last quarter. Finally, Worth Venture Partners LLC grew its stake in shares of Nexstar Broadcasting Group by 16.7% in the 3rd quarter. Worth Venture Partners LLC now owns 22,360 shares of the company’s stock worth $1,393,000 after buying an additional 3,200 shares in the last quarter.

Several analysts have recently commented on NXST shares. BidaskClub upgraded shares of Nexstar Broadcasting Group from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine cut shares of Nexstar Broadcasting Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co initiated coverage on shares of Nexstar Broadcasting Group in a research note on Tuesday, October 31st. They set a “buy” rating and a $79.00 target price for the company. Finally, Deutsche Bank raised their target price on shares of Nexstar Broadcasting Group from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $82.00.

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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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