Nexstar Media GroupNXST
NXST
About: Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
Employees: 13,294
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 54
18% more call options, than puts
Call options by funds: $38.9M | Put options by funds: $33M
3% more funds holding
Funds holding: 437 [Q2] → 450 (+13) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 8 (+0) [Q3]
6.35% less ownership
Funds ownership: 96.51% [Q2] → 90.16% (-6.35%) [Q3]
7% less capital invested
Capital invested by funds: $5.25B [Q2] → $4.89B (-$363M) [Q3]
26% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 186
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$198
25%
upside
Avg. target
$204
29%
upside
High target
$215
36%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Barrington Research James Goss 56% 1-year accuracy 54 / 96 met price target | 26%upside $200 | Outperform Maintained | 12 Nov 2024 |
Benchmark Daniel Kurnos 60% 1-year accuracy 47 / 78 met price target | 36%upside $215 | Buy Reiterated | 8 Nov 2024 |
Guggenheim Curry Baker 29% 1-year accuracy 6 / 21 met price target | 25%upside $198 | Buy Maintained | 4 Oct 2024 |
Financial journalist opinion
Negative
Deadline
2 weeks ago
Nexstar Laying Off 2% Of Workforce, Focusing Cuts On Local Stations; The Hill Editor In Chief Bob Cusack Also Sets Exit
Nexstar Media Group, which has been trimming staff at The CW in recent months, plans to expand those belt-tightening efforts by cutting 2% of its total workforce. The reductions are centered on the company's local station portfolio, which is the largest in the U.S. The 2% equates to about 260 employees.
Positive
Seeking Alpha
3 weeks ago
Nexstar's Interactive Television, M&A, And Why It's A Buy
Nexstar Media Group is poised for growth with the adoption of ATSC 3.0, enhancing interactive TV, signal encryption, and data services. Significant investments in new stations, digital tools, and acquisitions, along with strong asset growth, make NXST a compelling buy at 7x earnings. Despite high leverage, NXST's increasing equity, cash flow growth, and strategic acquisitions indicate robust future financial performance and scalability.
Neutral
Business Wire
1 month ago
Nexstar Media Group to Participate in Upcoming Investor Conferences
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that executive management will participate in two institutional investor conferences in December. Among other topics, management will address its record financial results in 2024 to date, the impact of broadcast television political advertising on the outcome of the 2024 election, and the potential for ownership de-regulation under the new administration and how and why Nexstar could participate. BofA 2024.
Neutral
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks With Over 4% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Neutral
Business Wire
1 month ago
Nexstar Appoints Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appoints Bill Sammon to Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation.
Neutral
Seeking Alpha
1 month ago
Nexstar Media Group, Inc. (NXST) Q3 2024 Earnings Call Transcript
Nexstar Media Group, Inc. (NASDAQ:NXST ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Joe Jaffoni - Investor Relations Perry Sook - Founder, Chairman & Chief Executive Officer Mike Biard - President & Chief Operating Officer Lee Ann Gliha - Chief Financial Officer Conference Call Participants Dan Kurnos - Benchmark Benjamin Soff - Deutsche Bank Steven Cahall - Wells Fargo Jason Bazinet - Citibank Craig Huber - Huber Research Partners Jim Goss - Barrington Research Barton Crockett - Rosenblatt Operator Good day, and welcome to Nexstar Media Group's Third Quarter 2024 Conference Call. Today's call is being recorded.
Neutral
Business Wire
1 month ago
Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.37 Billion
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. reports third quarter 2024 financial results, including record net revenue of $1.37 billion.
Neutral
Business Wire
1 month ago
Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share
IRVING, Texas--(BUSINESS WIRE)--The Nexstar Media Group Board of Directors declared a quarterly cash dividend of $1.69 per share of its common stock.
Neutral
Business Wire
1 month ago
The CW Network Brings Shoppable TV to ACC Football in Innovative Partnership With Shopsense AI
BURBANK, Calif. & REDWOOD CITY, Calif.--(BUSINESS WIRE)--The CW Network and Shopsense AI today announced they are teaming up to transform how fans experience ACC college football broadcasts.
Positive
Seeking Alpha
2 months ago
Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point
Nexstar Media is fundamentally undervalued with a fair value of $245, presenting over 40% upside from current prices. Seasonal patterns, particularly during election years, show significant stock performance, possibly driven by political advertising revenue. Political advertising cashflows can fuel substantial buybacks, enhancing shareholder value and supporting the stock price.
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