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Hot Stock to Watch: Nexstar Broadcasting Group, Inc. (NXST)

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Traders Checklist Stock: Nexstar Media Group, Inc.'s (NXST)
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13 May, 2017

Its down 0.25, from 1.41 in 2016Q3. It increased, as 21 investors sold Nexstar Media Group Inc shares while 58 reduced holdings. 34 funds opened positions while 59 raised stakes. Looking at the stock's movement on the chart, Nexstar Media Group, Inc. recorded a 52-week high of $73.90. Vaughan Nelson Inv Mngmt Ltd Partnership reported 694,950 shares. The rating was upgraded by Zacks to "Hold" on Wednesday, August 5. The Penn Capital Management Co Inc holds 279,611 shares with $23.55 million value, down from 316,862 last quarter. It also upped Jones Energy Inc (NYSE:JONE) stake by 1.06M shares and now owns 1.75M shares. Royal Bank of Canada began coverage on shares of Nexstar Media Group in a research note on Tuesday, March 14th. Vanguard Grp reported 2.23 million shares. On Monday, November 14 McNabb Lisbeth sold $57,572 worth of Nexstar Media Group Inc (NASDAQ:NXST) or 950 shares.

ILLEGAL ACTIVITY WARNING: "Nexstar Media Group (NXST) Earns Daily News Sentiment Score of 0.56" was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. Bw Gestao De Investimentos Ltda has invested 0.45% in Nexstar Media Group Inc (NASDAQ:NXST). Amalgamated State Bank holds 3,667 shares.

According to Zacks, "Nexstar Broadcasting Group now 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 NY". For NXST, the company now has $114.4 Million of cash on the books, which is offset by $28.09 Million current liabilities. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States. It has a 21.88 P/E ratio. The Company's divisions include Broadcasting and Other.

Nexstar Media Group Inc (NASDAQ:NXST) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday. Therefore 100% are positive. Nexstar Broadcasting Group had 14 analyst reports since August 5, 2015 according to SRatingsIntel. Wedbush increased their price objective on Nexstar Media Group from $66.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, January 18th. As per Wednesday, January 18, the company rating was maintained by Wedbush. Barrington Research Initiates Coverage on the stock to Outperform on 12/22/15 by stationing a price target of $79. Citigroup maintained the stock with "Neutral" rating in Wednesday, March 16 report. The firm has "Buy" rating given on Wednesday, March 1 by Benchmark. On Wednesday, November 18 the stock rating was initiated by Stephens with "Overweight". The stock rose 1.88% or $1.15 reaching $62.35. About 541,641 shares traded. It has outperformed by 16.66% the S&P500. The stock was sold at an average price of $72.31, for a total value of $723,100.00. The company has a 1 Year high price target of $82.43. They issued an "outperform" rating and a $83.00 price target for the company. The firm has "Sell" rating given on Thursday, September 22 by Goldman Sachs. The firm earned "Neutral" rating on Monday, April 11 by Dundee Securities.

News articles about Nexstar Media Group (NASDAQ:NXST) have trended positive recently, according to AlphaOne Sentiment Analysis. The firm has "Equal-Weight" rating given on Monday, February 6 by Barclays Capital. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Multi-Color Corporation (NASDAQ:LABL) for 434 shares. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $723,100. Teachers Advisors LLC now owns 48,119 shares of the company's stock worth $2,777,000 after buying an additional 569 shares during the period. The Monthly and Yearly performances are -7.85 percent and 21.39 percent respectively. Act Ii Management Lp, a New York-based fund reported 197,246 shares.

Analysts await Packaging Corp Of America (NYSE:PKG) to report earnings on July, 19. Analysts are forecasting earnings of $-0.27 on a per share basis this quarter. Another trade for 1,000 shares valued at $70,000 was made by RYDER ELIZABETH on Friday, March 24.

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