Nexstar Media GroupNXST
About: Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. 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 maintains stations in 13 of the top 20 television markets and reaches 68% of US TV households. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.
Employees: 13,005
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $66.8M | Put options by funds: $33.3M
35% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 63
33% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 8 (+2) [Q1 2025]
11% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 149
10% more capital invested
Capital invested by funds: $4.69B [Q4 2024] → $5.14B (+$451M) [Q1 2025]
3% more funds holding
Funds holding: 462 [Q4 2024] → 474 (+12) [Q1 2025]
0.18% less ownership
Funds ownership: 98.08% [Q4 2024] → 97.9% (-0.18%) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barrington Research James Goss | 11%upside $200 | Outperform Maintained | 13 May 2025 |
Benchmark Daniel Kurnos | 22%upside $220 | Buy Maintained | 9 May 2025 |
Wells Fargo Steven Cahall | 11%upside $200 | Overweight Maintained | 1 May 2025 |
Financial journalist opinion
Based on 6 articles about NXST published over the past 30 days
