Nexstar Media GroupNXST
NXST
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
43% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 47
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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$200
31%
upside
Avg. target
$208
36%
upside
High target
$215
41%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Barrington Research James Goss 53% 1-year accuracy 51 / 96 met price target | 31%upside $200 | Outperform Maintained | 12 Nov 2024 |
Benchmark Daniel Kurnos 65% 1-year accuracy 51 / 78 met price target | 41%upside $215 | Buy Reiterated | 8 Nov 2024 |
Financial journalist opinion
Based on 10 articles about NXST published over the past 30 days
Positive
Deadline
2 days ago
Nexstar & Optimum Reach Carriage Agreement After Standoff
After multiple stations went dark last week, Nexstar has reached a carriage agreement with Altice USA. The partnership agreement was announced Saturday, and although the terms were not released, programming has already been restored to two million subscribers of Optimum TV, which is owned by the U.S. arm of French telecom giant Altice.
Neutral
Business Wire
2 days ago
Nexstar and Optimum Partner and Reach Agreement Returning Nexstar Content to Optimum Customers Immediately
IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and Altice USA (NYSE: ATUS) today announced that they have reached a comprehensive partnership agreement and all Nexstar programming has been restored to Altice USA's Optimum TV customers. Together, Nexstar and Optimum thank our customers and viewers for their patience as we partnered on the best deal for them. Specific terms of the agreement were not released. About Nexstar Media Group, Inc. Nexstar Media Group.
Neutral
Business Wire
4 days ago
Nexstar Media Group to Report 2024 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 27
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2024 fourth quarter financial results on Thursday, February 27, 2025. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13751217 (domestic and international callers). Participants can also listen to a live webcast of the c.
Neutral
Business Wire
5 days ago
NewsNation Announces New Additions to Primetime Line-Up
CHICAGO--(BUSINESS WIRE)--NewsNation today announced new additions to its primetime programming line-up, with On Balance hosted by anchor/reporter Leland Vittert taking over the 9 pm ET hour, and Elizabeth Vargas Reports, hosted by veteran journalist Elizabeth Vargas, moving to 7 pm ET. The new line-up is effective Monday, February 10. The network also announced that it has reached a new multi-year agreement with Ms. Vargas to continue hosting her weeknight program. “We're extremely happy to be.
Positive
Benzinga
6 days ago
Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-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 week ago
While Nexstar Continues to Dodge FCC Rules, Optimum Focuses on Customer Choice and Value
NEW YORK--(BUSINESS WIRE)--Optimum calls on Nexstar, the owner of multiple broadcast stations across the country, to put its viewers first and stop driving up TV prices for consumers. While Nexstar continues to make unreasonable demands that are not in line with the reality of today's TV landscape, Optimum is at the forefront of fighting for customers' rights while bringing them affordable video solutions to keep costs down. Further to their egregious rate demands – the highest of any broadcast.
Neutral
Business Wire
1 week ago
Viewers Deprived of Critical News, Severe Weather Alerts, and the NFL Playoffs, as Altice USA Drops 63 Nexstar Television Stations From Optimum Platform
IRVING, Texas--(BUSINESS WIRE)--Altice USA drops the network and local programming provided by Nexstar Media Group television stations from Optimum, impacting millions of viewers.
Neutral
Business Wire
1 week ago
Optimum Announces Update on Carriage Negotiations With Nexstar; Offers Customers Solutions to Keep Watching Their Local Broadcast Stations
NEW YORK--(BUSINESS WIRE)--Despite Optimum's best efforts to reach a fair and reasonable agreement with Nexstar, the owners of multiple broadcast stations, their content has been removed from Optimum TV lineups, effective 5:00PM ET today. Optimum offered an extension to keep Nexstar's content on the air while we continued to negotiate to reach a fair deal for our customers, but Nexstar refused. Optimum issues the following statement on its carriage negotiations with Nexstar and customer-friendl.
Neutral
Business Wire
1 week ago
Nexstar Media Renews Affiliation Agreements With NBC
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) and NBCUniversal have reached a comprehensive multi-year agreement to renew NBC Television Network affiliations in 33 markets across the country, including 29 stations owned by Nexstar, three owned by Mission Broadcasting, Inc., and one owned by White Knight Broadcasting, Inc. Together, the 33 stations reach more than 14 million U.S. television households. Financial terms were not disclosed. About Nexstar Media Group, Inc.
Neutral
Business Wire
1 week ago
Local Broadcasters Form Joint Venture to Provide High-Speed Data Transmission Services to Clients Across the United States
LAS VEGAS--(BUSINESS WIRE)--Four of the nation's largest independent local broadcasting groups have come together to form EdgeBeam Wireless, LLC, a joint venture created to provide robust wireless data services to a wide range of businesses and industries across the country. The E.W. Scripps Company, Gray Media, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. launched the new company ahead of meetings this week at the Consumer Electronics Show in Las Vegas. Leveraging broadcasters' uniquely.
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