Nexstar Media Group
NXST
Market cap $5.31B

161.84 USD

-4.34

2.61%

At close Nov 15, 4:00 PM EST

After hours

161.84

+0.00

0.00%

1 day

-2.61%

5 days

-3.09%

1 month

-3.38%

3 months

0.77%

6 months

-6.97%

Year to date

1.01%

1 year

8.27%

5 years

60.19%

10 years

241.07%

About: Nexstar Media Group Inc 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

Communication Services Television Broadcasting Stations

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

18% more call options, than puts

Call options by funds: $38.9M | Put options by funds: $33M

13% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 60

2% more funds holding

Funds holding: 436 [Q2] → 444 (+8) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 8 (+0) [Q3]

6.4% less ownership

Funds ownership: 94.92% [Q2] → 88.52% (-6.4%) [Q3]

7% less capital invested

Capital invested by funds: $5.16B [Q2] → $4.79B (-$369M) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 182

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$198

22%

upside

Avg. target

$206

27%

upside

High target

$215

33%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research James Goss 67% 1-year accuracy 62 / 92 met price target	24%upside $200	Outperform Maintained	12 Nov 2024
Benchmark Daniel Kurnos 65% 1-year accuracy 51 / 79 met price target	33%upside $215	Buy Reiterated	8 Nov 2024
Barrington Research James Goss 67% 1-year accuracy 62 / 92 met price target	24%upside $200	Outperform Maintained	7 Nov 2024
Benchmark Daniel Kurnos 65% 1-year accuracy 51 / 79 met price target	33%upside $215	Buy Maintained	14 Oct 2024
Guggenheim Curry Baker 56% 1-year accuracy 9 / 16 met price target	22%upside $198	Buy Maintained	4 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about NXST published over the past 30 days

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.

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks With Over 4% Dividend Yields

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.

Nexstar Appoints Bill Sammon as Senior Vice President of Washington, D.C., Editorial Content for The Hill and NewsNation

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.

Nexstar Media Group, Inc. (NXST) Q3 2024 Earnings Call Transcript

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.

Nexstar Media Group Reports Record Third Quarter Net Revenue of $1.37 Billion

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.

Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share

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.

The CW Network Brings Shoppable TV to ACC Football in Innovative Partnership With Shopsense AI

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.

Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point

Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group has agreed to acquire the assets of WBNX-TV/TV55 in Cleveland, Ohio, from the Winston Broadcasting Company.

Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55

Zacks Investment Research

Is the Options Market Predicting a Spike in Nexstar Media (NXST) Stock?

Investors need to pay close attention to Nexstar Media (NXST) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Nexstar Media (NXST) Stock?

Nexstar Media Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts

IRVING, Texas--(BUSINESS WIRE)--Nexstar's businesses helped raise nearly $1.5 million to support relief efforts related to Hurricane Helene and potentially Hurricane Milton.

Nexstar Media Raises Nearly $1.5 Million to Date for Hurricane Relief Efforts

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