nexstar media group is the largest tv station operator in the country. with the reach of 171 full power television stations in 100 markets addressing nearly 38.9% of us television households, and a diversified, growing digital media operation, nexstar media group offers superior audience engagement across all media devices and local broadcast television’s unrivalled influence on consumers’ purchasing and political decisions. in 20 years, nexstar has grown from a single station to the nation’s largest television company. this growth is fueled by an organization-wide commitment to delivering exceptional service to our communities and outstanding results for our advertisers. from the very beginning, nexstar has cultivated an organization-wide commitment to providing superior, unique local content that is relevant to each of the communities it serves, while offering local businesses, advertisers and brands the ability to engage and connect with local communities.
Company profile
Ticker
NXST
Exchange
Website
CEO
Perry Sook
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Liberty Media Corp. - Ordinary Shares • Paramount Global - Ordinary Shares • Fox Corporation - Ordinary Shares • TEGNA • Sinclair Inc - Ordinary Shares • Sinclair Broadcast • Gray Television • E.W. Scripps Co. - Ordinary Shares • Entravision Communications Corp. - Ordinary Shares • Phoenix New Media ...
Former names
NEXSTAR BROADCASTING GROUP INC
SEC CIK
Corporate docs
Subsidiaries
Nexstar Media Inc. • Tribune Media Company • Tribune Broadcasting Company • Tribune Real Estate Holdings, LLC • The CW Network, LLC ...
IRS number
233083125
NXST stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
28 Feb 24
8-K
Nexstar Media Group Reports Fourth Quarter Net Revenue of $1.3 Billion
28 Feb 24
8-K
Nexstar Media Group Raises Quarterly Cash
26 Jan 24
8-K
Departure of Directors or Certain Officers
17 Jan 24
8-K
Departure of Directors or Certain Officers
20 Dec 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Nexstar Media Group Reports Third Quarter Net Revenue of $1.13 Billion
8 Nov 23
8-K
Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share
27 Oct 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Nexstar Media Group Reports Second Quarter Net Revenue of $1.24 Billion
8 Aug 23
Transcripts
NXST
Earnings call transcript
2023 Q4
28 Feb 24
NXST
Earnings call transcript
2023 Q3
8 Nov 23
NXST
Earnings call transcript
2023 Q2
8 Aug 23
NXST
Earnings call transcript
2023 Q1
9 May 23
NXST
Earnings call transcript
2022 Q4
28 Feb 23
NXST
Earnings call transcript
2022 Q3
8 Nov 22
NXST
Earnings call transcript
2022 Q2
5 Aug 22
NXST
Earnings call transcript
2022 Q1
10 May 22
NXST
Earnings call transcript
2021 Q4
23 Feb 22
NXST
Earnings call transcript
2021 Q3
2 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 164.00 mm | 164.00 mm | 164.00 mm | 164.00 mm | 164.00 mm | 164.00 mm |
Cash burn (monthly) | 65.33 mm | 16.58 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 443.83 mm | 112.66 mm | n/a | n/a | n/a | n/a |
Cash remaining | -279.83 mm | 51.34 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.3 | 3.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
96.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 411 |
Opened positions | 62 |
Closed positions | 82 |
Increased positions | 121 |
Reduced positions | 174 |
13F shares | Current |
---|---|
Total value | 4.60 tn |
Total shares | 32.21 mm |
Total puts | 389.20 k |
Total calls | 480.10 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 3.31 mm | $474.13 bn |
BLK Blackrock | 3.02 mm | $432.88 bn |
Neuberger Berman | 1.56 mm | $223.14 bn |
FMR | 1.41 mm | $201.48 bn |
Dimensional Fund Advisors | 1.32 mm | $189.58 bn |
LSV Asset Management | 1.31 mm | $188.35 bn |
MS Morgan Stanley | 1.01 mm | $145.47 bn |
STT State Street | 964.67 k | $138.30 bn |
Cardinal Capital Management | 729.88 k | $104.64 bn |
Boston Partners | 700.52 k | $100.28 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Andrew Alford | Common Stock | Payment of exercise | Dispose F | No | No | 159.87 | 244 | 39.01 k | 8,595 |
15 Apr 24 | Andrew Alford | Common Stock | Option exercise | Acquire M | No | No | 159.87 | 1,000 | 159.87 k | 8,839 |
15 Apr 24 | Andrew Alford | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,000 | 0.00 | 0 |
10 Apr 24 | Armstrong D Geoffrey | Common Stock | Option exercise | Acquire M | No | No | 162.95 | 625 | 101.84 k | 12,005 |
10 Apr 24 | Armstrong D Geoffrey | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 625 | 0.00 | 0 |
10 Apr 24 | Fitzsimons Dennis J | Common Stock | Option exercise | Acquire M | No | No | 162.95 | 625 | 101.84 k | 12,652 |
10 Apr 24 | Fitzsimons Dennis J | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 625 | 0.00 | 0 |
10 Apr 24 | Grossman Jay M. | Common Stock | Option exercise | Acquire M | No | No | 162.95 | 625 | 101.84 k | 63,875 |
10 Apr 24 | Grossman Jay M. | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 625 | 0.00 | 0 |
10 Apr 24 | McMillen Charles Thomas | Common Stock | Option exercise | Acquire M | No | No | 162.95 | 625 | 101.84 k | 5,150 |
News
Rosenblatt Maintains Buy on Nexstar Media Gr, Lowers Price Target to $213
13 Mar 24
Trump Ready To Debate Biden 'Anytime, Anywhere, Anyplace': How Media Companies, Shareholders Could Be Ready To Benefit
7 Mar 24
Barrington Research Reiterates Outperform on Nexstar Media Gr, Maintains $200 Price Target
7 Mar 24
Barrington Research Reiterates Outperform on Nexstar Media Gr, Maintains $200 Price Target
28 Feb 24
Nexstar's Q4 Revenue Takes Hit From Political Advertising Slump, Eyes Future Cash Flow Maximization
28 Feb 24
Press releases
Nexstar Media Group to Participate in Upcoming Investor Conferences
17 Apr 24
Nexstar Media Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9
27 Mar 24
Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV
21 Mar 24
Nexstar Media Names Chris Pruitt as Vice President and General Manager of Its Springfield, Missouri Broadcast and Digital Operations
19 Feb 24
Nexstar Media Group to Participate in Upcoming Investor Conferences
15 Feb 24