Nexstar Media Group (NXST)

• Market cap: $4.57B
• 1 day: -0.36%
• 5 days: 0.29%
• 1 month: -16.49%
• 3 months: -4.61%
• 6 months: -16.11%
• Year to date: -6.05%
• 1 year: -6.50%
• 5 years: 113.68%
• 10 years: 156.00%
• Sector: Communication Services
• Industry: Broadcasting

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 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

30% more first-time investments, than exits

New positions opened: 69 | 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] → 460 (+8) [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 34% upside
• Avg. target: $209 40% upside
• High target: $225 50% upside

5 analyst ratings

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

Rosenblatt Barton Crockett 35% 1-year accuracy 22 / 63 met price target	34% upside $200	Buy Maintained	10 Mar 2025
Barrington Research James Goss 31% 1-year accuracy 29 / 93 met price target	34% upside $200	Outperform Maintained	5 Mar 2025
Loop Capital Alan Gould 43% 1-year accuracy 10 / 23 met price target	34% upside $200	Buy Upgraded	28 Feb 2025
Benchmark Daniel Kurnos 44% 1-year accuracy 37 / 84 met price target	50% upside $225	Buy Maintained	28 Feb 2025
Guggenheim Curry Baker 27% 1-year accuracy 10 / 37 met price target	47% upside $220	Buy Maintained	28 Feb 2025