What’s Next for Nexstar Broadcasting Group, Inc. After Today’s Bullish Options Activity?

 What's Next for Nexstar Broadcasting Group, Inc. After Today's Bullish Options Activity?

In today’s session Nexstar Broadcasting Group, Inc. (NXST) registered an unusually high (1,050) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NXST increase. With 1,050 contracts traded and 24664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NXST161118C00055000 closed last at: $0.5 or 25% up. About 166,103 shares traded hands. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has risen 9.22% since March 31, 2016 and is uptrending. It has outperformed by 6.69% the S&P500.

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. Nexstar Broadcasting Group has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of NXST in a report on Wednesday, August 5 to “Hold” rating. Jefferies upgraded the stock to “Buy” rating in Tuesday, September 29 report. The stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) earned “Overweight” rating by Stephens on Wednesday, November 18. Barrington Research initiated Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) rating on Tuesday, December 22. Barrington Research has “Outperform” rating and $79 price target.

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 Q2 2016. Its down 0.79, from 1.82 in 2016Q1. The ratio turned 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.
Susquehanna Group Inc Llp reported 43,724 shares or 0% of all its holdings. Emerald Mutual Fund Advisers has 1.05% invested in the company for 392,399 shares. Manufacturers Life Insur The holds 20,279 shares or 0% of its portfolio. Blackrock Institutional Company Na owns 750,580 shares or 0.01% of their US portfolio. Numeric Limited Com reported 20,900 shares or 0.01% of all its holdings. The New York-based Act Ii Mngmt L P has invested 5.67% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Yost Capital Mngmt Ltd Co accumulated 468,337 shares or 12.12% of the stock. Ameriprise Inc reported 136,802 shares or 0% of all its holdings. Ladenburg Thalmann Fincl Incorporated has 92 shares for 0% of their US portfolio. Alliancebernstein L P last reported 0% of its portfolio in the stock. Panagora Asset Mngmt Inc accumulated 0% or 2,238 shares. Tower Limited Liability (Trc) holds 0% or 141 shares in its portfolio. Creative Planning accumulated 120 shares or 0% of the stock. Lpl Financial Ltd Liability Co holds 0% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 10,364 shares. The Texas-based Ancient Art Limited Partnership has invested 1.26% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST).

Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 2 insider sales for $587,479 net activity. 1,236 shares with value of $63,679 were sold by Carter Thomas on Thursday, August 11. On Thursday, August 11 the insider Russell Blake sold $523,800.

Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company. The company has a market cap of $1.46 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 16.76 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 important recent Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and CMS Energy” on October 31, 2016, also Prnewswire.com published article titled: “In Largest Multicast Network Distribution Launch in History, Nexstar …”, Businesswire.com published: “Nexstar Broadcasting Group Enters into Definitive Agreement to Acquire Media …” on January 27, 2016. More interesting news about Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) was released by: Businesswire.com and their article: “Nexstar Broadcasting to Webcast Fireside Chat at Goldman Sachs Communacopia …” with publication date: September 21, 2016.

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