The EVP & CFO of Nexstar Media Group Inc is Exercising Options


Today it was reported that the EVP & CFO of Nexstar Media Group Inc (NXST), Thomas Carter, exercised options to sell 2,500 NXST shares at $3.95 a share, for a total transaction value of $270.6K.

Following Thomas Carter’s last NXST Sell transaction on August 15, 2017, the stock climbed by 44.1%.

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Based on Nexstar Media Group Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $798 million and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $654 million and had a net profit of $378 million. NXST’s market cap is $4.8B and the company has a P/E ratio of 12.80. Currently, Nexstar Media Group Inc has an average volume of 265.8K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $120.25, reflecting a 14.3% upside.

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Nexstar Media Group, Inc. operates as a television broadcasting and digital media company. It focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. Nexstar Media Group was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.

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