Nexstar Broadcasting Group, Inc. Can’t Be More Risky. Option Traders Sell It

 Nexstar Broadcasting Group, Inc. Can't Be More Risky. Option Traders Sell It

In today’s session Nexstar Broadcasting Group, Inc. (NXST) recorded an unusually high (850) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious NXST decrease. With 850 contracts traded and 134 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: NXST161021P00055000 closed last at: $0.55 or 26.7% down. About 58,048 shares traded hands. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has risen 25.69% since March 2, 2016 and is uptrending. It has outperformed by 17.43% the S&P500.

Analysts await Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) to report earnings on November, 1. They expect $0.87 earnings per share, up 61.11% or $0.33 from last year’s $0.54 per share. NXST’s profit will be $26.55 million for 16.67 P/E if the $0.87 EPS becomes a reality. After $0.78 actual earnings per share reported by Nexstar Broadcasting Group, Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) Ratings Coverage

Out of 2 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $79 is the highest target while $60 is the lowest. The $64.20 average target is 10.67% above today’s ($58.01) stock price. Nexstar Broadcasting Group has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, August 5 by Zacks. The rating was initiated by Barrington Research with “Outperform” on Tuesday, December 22. The firm has “Buy” rating by Jefferies given on Tuesday, September 29. The stock has “Overweight” rating given by Stephens on Wednesday, November 18.

According to Zacks Investment Research, “Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s television station group includes affiliates of NBC, CBS, ABC, FOX and UPN.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.79, from 1.82 in 2016Q1. The ratio is negative, as 18 funds sold all Nexstar Broadcasting Group, Inc. shares owned while 59 reduced positions. 21 funds bought stakes while 58 increased positions. They now own 36.06 million shares or 0.10% more from 36.02 million shares in 2016Q1.
Allianz Asset Mgmt Ag reported 86,057 shares or 0% of all its holdings. Neuberger Berman Gp Ltd Liability Co last reported 2.73M shares in the company. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Hudson Bay Mngmt Limited Partnership, a New York-based fund reported 39,952 shares. Moreover, First Republic Investment Mngmt Inc has 0% invested in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 6,238 shares. The Texas-based Ancient Art L P has invested 1.26% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Teacher Retirement Sys Of Texas holds 0% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 4,285 shares. Navellier And Associates Inc has 0.07% invested in the company for 10,093 shares. First Personal Fin Services has 497 shares for 0.01% of their US portfolio. Pinnacle Associates Limited holds 106,540 shares or 0.11% of its portfolio. Legal And General Gru Pcl last reported 0% of its portfolio in the stock. Dimensional Fund Advisors Limited Partnership owns 932,977 shares or 0.03% of their US portfolio. Moreover, Tiaa Cref Mngmt Lc has 0% invested in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 94,678 shares. The New York-based Starboard Value L P has invested 0.32% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Cantab Capital Llp has 5,300 shares for 0% of their US portfolio.

Insider Transactions: Since August 11, 2016, the stock had 0 buys, and 2 insider sales for $587,479 net activity. $63,679 worth of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shares were sold by Carter Thomas. $523,800 worth of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shares were sold by Russell Blake.

Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company. The company has a market cap of $1.77 billion. The Firm is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. It has a 20.26 P/E ratio. The Company’s divisions include Broadcasting and Other.

NXST Company Profile

Nexstar Broadcasting Group, Inc. (Nexstar), incorporated on May 17, 2001, is a television broadcasting and digital media company. The Firm is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. The Company’s divisions include Broadcasting and Other. The Company’s broadcast segment includes television stations and related community focused Websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States. The Firm owns, operates, programs or provides sales and other services to approximately 100 full power television stations in over 60 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Missouri, Montana, Nevada, New York, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia and Wisconsin.

More recent Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) news were published by: Prnewswire.com which released: “In Largest Multicast Network Distribution Launch in History, Nexstar …” on June 15, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and WEC …” on August 08, 2016. Twst.com‘s news article titled: “Nexstar Broadcasting Group Inc.: Nexstar Broadcasting Prices $2.75 Billion …” with publication date: September 27, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment