Nexstar Media Group
NXST

$183.36

3.46%

Market Cap: 6.02B

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 6,702 funds

0

Analysts bullish %

of 9 analysts

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

9% more capital invested

Capital invested by funds: $5.08B [Q4 2023] → $5.53B (+$446M) [Q1 2024]

0.86% more ownership

Funds ownership: 95.45% [Q4 2023] → 96.31% (+0.86%) [Q1 2024]

1% less funds holding

Funds holding: 427 [Q4 2023] → 423 (-4) [Q1 2024]

8% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 51

15% less call options, than puts

Call options by funds: $42.9M | Put options by funds: $50.6M

22% less funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 7 (-2) [Q1 2024]

24% less repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 176

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$200

9%

upside

Avg. target

$209

14%

upside

High target

$225

23%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research James Goss	9%upside $200	Outperform Maintained	23 Jul 2024
Benchmark Daniel Kurnos	23%upside $225	Buy Reiterated	20 Jun 2024
Barrington Research James Goss	9%upside $200	Outperform Maintained	13 May 2024
Wells Fargo Steven Cahall	21%upside $221	Overweight Upgraded	13 May 2024
Benchmark Daniel Kurnos	23%upside $225	Buy Reiterated	10 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about NXST published over the past 30 days

Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share, Announces New $1.5 Billion Share Repurchase Authorization

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group declares quarterly cash dividend of $1.69 per share and announces Board approval of a new $1.5 billion share repurchase program.

Nexstar Media Group Declares Quarterly Cash Dividend of $1.69 Per Share, Announces New $1.5 Billion Share Repurchase Authorization

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CNBC Television

Cramer's Stop Trading: Nexstar Media Group

CNBC's Jim Cramer explains why he is keeping an eye on shares of Nexstar Media Group Inc.

Cramer's Stop Trading: Nexstar Media Group

Nexstar Media: Earnings Poised To Inflect, Potential $50 Of FCF/Share On The Horizon

Nexstar's true value is obscured by stalling carriage fee growth, CW Network losses, and de-bundling fears. All three headwinds will reverse over the next 12 months. NXST is poised to generate $40/share of FCF by year-end against a share price of $170. Management is committed to buybacks and is repurchasing 10% of the float per year, while also paying a 4 percent dividend.

Nexstar Media: Earnings Poised To Inflect, Potential $50 Of FCF/Share On The Horizon

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Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group will report 2024 second quarter financial results on August 8, and host a conference call and webcast that morning at 10am ET.

Nexstar Media Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 8

Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania

IRVING, Texas--(BUSINESS WIRE)--Nexstar promoted Lloyd Bucher to Vice President and General Manager of its broadcast and media operations in Philadelphia, PA, including WPHL-TV (CW).

Nexstar Promotes Lloyd Bucher to Vice President and General Manager of Its Broadcast and Digital Operations in Philadelphia, Pennsylvania

Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group appointed Lisa Taylor SVP of Digital Advertising Sales, responsible for accelerating digital revenue across the broadcast group.

Nexstar Names Lisa Taylor as Senior Vice President of Digital Advertising Sales

Nexstar Honors the Heroes of “D-Day” With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc., today announced that its owned and partner television stations will air “D-Day: The Greatest Victory,” to commemorate the 80th anniversary of D-Day, the largest air, land, and naval operation in wartime history, when Allied troops landed on the coast of Normandy, France, to liberate Europe from the Nazis. Produced by Nexstar Broadcasting in association with WAVY-TV in Norfolk, Virginia, the exclusive program will air in 117 markets acro.

Nexstar Honors the Heroes of “D-Day” With Documentary Airing on Its Local TV Stations and Cable News Network, NewsNation

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