NXST stock icon

Nexstar Media Group
NXST

$157.23
0.36%
 

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 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 4 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

Research analyst outlook

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

Low target
$200
27%
upside
Avg. target
$211
34%
upside
High target
$225
43%
upside

8 analyst ratings

positive
100%
neutral
0%
negative
0%
Benchmark
Daniel Kurnos
43%upside
$225
Buy
Reiterated
20 Jun 2024
Barrington Research
James Goss
27%upside
$200
Outperform
Maintained
13 May 2024
Wells Fargo
Steven Cahall
41%upside
$221
Overweight
Upgraded
13 May 2024
Benchmark
Daniel Kurnos
43%upside
$225
Buy
Reiterated
10 May 2024
Barrington Research
James Goss
27%upside
$200
Outperform
Maintained
9 May 2024

Financial journalist opinion

Based on 4 articles about NXST published over the past 30 days