Nexstar Media Group (NXST)

• Market cap: $4.81B
• 1 day: -0.73%
• 5 days: -4.98%
• 1 month: -17.27%
• 3 months: -4.66%
• 6 months: -14.39%
• Year to date: -8.08%
• 1 year: -9.06%
• 5 years: 149.01%
• 10 years: 155.40%
• Sector: Communication Services
• Industry: Broadcasting

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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

99% more call options, than puts

Call options by funds: $29.3M | Put options by funds: $14.7M

32% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 53

2.46% more ownership

Funds ownership: 90.2% [Q3] → 92.66% (+2.46%) [Q4]

2% more funds holding

Funds holding: 452 [Q3] → 461 (+9) [Q4]

2% less capital invested

Capital invested by funds: $4.8B [Q3] → $4.69B (-$116M) [Q4]

17% less repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 179

25% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 6 (-2) [Q4]

Research analyst outlook

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

• Low target: $200 37% upside
• Avg. target: $209 43% upside
• High target: $225 54% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Barton Crockett 21% 1-year accuracy 13 / 62 met price target	37% upside $200	Buy Maintained	10 Mar 2025
Barrington Research James Goss 22% 1-year accuracy 21 / 97 met price target	37% upside $200	Outperform Maintained	5 Mar 2025
Loop Capital Alan Gould 39% 1-year accuracy 9 / 23 met price target	37% upside $200	Buy Upgraded	28 Feb 2025
Benchmark Daniel Kurnos 25% 1-year accuracy 22 / 87 met price target	54% upside $225	Buy Maintained	28 Feb 2025
Guggenheim Curry Baker 17% 1-year accuracy 6 / 35 met price target	50% upside $220	Buy Maintained	28 Feb 2025