Stock of the Day: Nexstar Broadcasting Group, Inc. Just Recorded A Sigfniciant Increase

Stock of the Day: Nexstar Broadcasting Group, Inc. Just Recorded A Sigfniciant Increase

The stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) is a huge mover today! About 488,658 shares traded hands. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has risen 5.18% since April 5, 2016 and is uptrending. It has outperformed by 3.22% the S&P500.
The move comes after 5 months positive chart setup for the $1.58 billion company. It was reported on Nov, 8 by Barchart.com. We have $78.77 PT which if reached, will make NASDAQ:NXST worth $900.60 million more.

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. The stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) earned “Buy” rating by Jefferies on Tuesday, September 29. Stephens initiated the stock with “Overweight” rating in Wednesday, November 18 report. The firm earned “Outperform” rating on Tuesday, December 22 by Barrington Research. Zacks upgraded Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) on Wednesday, August 5 to “Hold” rating.

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 worsened, 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.
Moreover, Numeric Lc has 0.01% invested in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 20,900 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Blackrock Japan Ltd accumulated 0% or 139 shares. Geode Capital Mngmt Ltd Co, a Massachusetts-based fund reported 204,839 shares. Orinda Asset Mgmt Ltd Llc holds 0.3% or 6,115 shares in its portfolio. Bank Of Montreal Can has 0% invested in the company for 278 shares. Granahan Inv Mngmt Ma reported 189,700 shares or 0.33% of all its holdings. The Tennessee-based Ftb Advisors has invested 0% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Federated Investors Inc Pa holds 370,479 shares or 0.05% of its portfolio. Moreover, Engineers Gate Manager Lp has 0.12% invested in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 34,686 shares. Legal General Group Public Ltd Co holds 0% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 7,937 shares. Finemark National Bank holds 0% of its portfolio in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) for 58 shares. Ameriprise Financial last reported 136,802 shares in the company. The Connecticut-based Aqr Management Ltd Limited Liability Company has invested 0% in Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). Luxor Cap Gru Lp has 1.06% invested in the company for 847,064 shares.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 2 selling transactions for $587,479 net activity. Russell Blake sold 10,000 shares worth $523,800. Another trade for 1,236 shares valued at $63,679 was sold by Carter Thomas.

More notable recent Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) news were published by: Businesswire.com which released: “Nexstar Broadcasting Third Quarter Net Revenue Rises 23.6% to a Record $275.7 …” on November 08, 2016, also Prnewswire.com with their article: “In Largest Multicast Network Distribution Launch in History, Nexstar …” published on June 15, 2016, Forbes.com published: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and CMS Energy” on October 31, 2016. More interesting news about Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) were released by: Businesswire.com and their article: “Nexstar Broadcasting Group Enters into Definitive Agreement to Acquire Media …” published on January 27, 2016 as well as Businesswire.com‘s news article titled: “Nexstar Broadcasting to Webcast Fireside Chat at Goldman Sachs Communacopia …” with publication date: September 21, 2016.

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.

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