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NXST Nexstar Media

Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its wholly owned operating subsidiary, Nexstar Inc., consists of three divisions: Broadcasting, Digital, and Networks. The Broadcasting Division operates, programs, or provides sales and other services to 198 television stations and related digital multicast signals reaching 116 markets or approximately 39% of all U.S. television households (reflecting the FCC's UHF discount). The division's portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. The Digital Division operates 122 local websites and 316 mobile apps offering hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content and creating new revenue opportunities for the company. The Networks Division operates NewsNation, formerly WGN America, a national news and entertainment cable network reaching 75 million television homes, multicast network Antenna TV, and WGN Radio in Chicago. Nexstar also owns a 31.3% ownership stake in TV Food Network, a top tier cable asset.

Company profile

Ticker
NXST
Exchange
Website
CEO
Perry Sook
Employees
Incorporated
Location
Fiscal year end
Former names
NEXSTAR BROADCASTING GROUP INC
SEC CIK
Subsidiaries
Nexstar Inc. • NES II, Inc. • LIN Television of Texas, Inc. • Community Television Services, Inc. • Sutro Tower, Inc. • WNAC Management, LLC • Capital Region Broadcasters, LLC • Vaughan Television Management, LLC • Tampa Tower General Partnership • Augusta Tower, LLC ...
IRS number
233083125

NXST stock data

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Calendar

5 Aug 21
19 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 329.88M 329.88M 329.88M 329.88M 329.88M 329.88M
Cash burn (monthly) 8.84M 29.28M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 32.42M 107.43M n/a n/a n/a n/a
Cash remaining 297.46M 222.45M n/a n/a n/a n/a
Runway (months of cash) 33.7 7.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Sep 21 Carter Thomas Class A Common Stock Sell Dispose S No No 158.0528 9,931 1.57M 115,885
25 Sep 21 Carter Thomas Class A Common Stock Option exercise Acquire M No No 159.49 12,500 1.99M 125,816
25 Sep 21 Carter Thomas Class A Common Stock Option exercise Acquire M No No 159.49 12,500 1.99M 113,316
25 Sep 21 Carter Thomas RSU Class A Common Stock Option exercise Dispose M No No 0 12,500 0 152,499
25 Sep 21 Carter Thomas RSU Class A Common Stock Option exercise Dispose M No No 0 12,500 0 164,999
24 Sep 21 Carter Thomas Class A Common Stock Sell Dispose S No No 154.2178 2,500 385.54K 100,816
24 Sep 21 Jenkins Brett Class A Common Stock Sell Dispose S No No 156.7965 2,938 460.67K 21,564
24 Sep 21 Russell Blake Class A Common Stock Sell Dispose S No No 158.7821 793 125.91K 22,860
23 Sep 21 Russell Blake Class A Common Stock Gift Dispose G No No 0 660 0 23,653

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 357 342 +4.4%
Opened positions 56 75 -25.3%
Closed positions 41 46 -10.9%
Increased positions 132 100 +32.0%
Reduced positions 122 129 -5.4%
13F shares
Current Prev Q Change
Total value 5.7B 5.6B +1.7%
Total shares 38.5M 39.88M -3.5%
Total puts 309.1K 271.7K +13.8%
Total calls 356.2K 444.1K -19.8%
Total put/call ratio 0.9 0.6 +41.8%
Largest owners
Shares Value Change
Vanguard 3.84M $567.37M +1.2%
FMR 2.28M $336.44M -10.7%
ATAC Neuberger Berman 2.17M $319.17M +0.7%
Baupost 2.05M $302.56M -1.9%
BLK Blackrock 1.74M $257.37M -13.6%
Dimensional Fund Advisors 1.54M $227.31M -3.4%
GS Goldman Sachs 1.19M $176.28M +5.7%
Cardinal Capital Management 1.13M $167.74M -2.7%
LSV Asset Management 1.02M $150.75M +23.4%
Boston Partners 939.07K $138.74M +32.5%
Largest transactions
Shares Bought/sold Change
Capital World Investors 0 -1.12M EXIT
WDR Waddell & Reed Financial 0 -619.12K EXIT
MCQEF Macquarie 876.66K +515.99K +143.1%
Simcoe Capital Management 0 -404.86K EXIT
MS Morgan Stanley 199.58K -402.44K -66.8%
Citadel Advisors 748.53K +317.15K +73.5%
BLK Blackrock 1.74M -273.74K -13.6%
FMR 2.28M -271.35K -10.7%
Jacobs Levy Equity Management 279.81K +257.35K +1145.9%
Boston Partners 939.07K +230.1K +32.5%

Financial report summary

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Competition
Tribune MediaViacomCBSComcastFacebook
Management Discussion
  • In March 2020, the World Health Organization declared COVID-19 a pandemic and the United States government declared a national emergency. The ongoing effect of the COVID-19 pandemic had an adverse impact on the Company’s financial results mostly in the first part of the second quarter in 2020. Since then, the Company’s business operations, financial results and cash flows have significantly improved. In 2021, the mass distribution of COVID-19 vaccines, the U.S. government’s stimulus programs, the reopening of states for business and consumer spending by an increasingly vaccinated public drove the continued U.S. economic recovery in the second quarter of 2021. During the three and six months ended June 30, 2021, the Company continued to be profitable and continued to generate positive cash flows from its operations. Its current year to date financial results were also higher than the comparable prior year and its market capitalization continued to increase and exceed the carrying amount of its equity by a substantial amount. These favorable financial results are reflective of the economic recovery to date and the incremental operating results from the Company’s acquisitions in 2020. However, with the recent variant strains of the virus, the continued reopening of states for business remains uncertain and the path to economic normalization remains unclear. The extent to which the COVID-19 pandemic impacts the Company’s business, its results of operations and its financial condition will depend on future developments, which remain highly uncertain and cannot be reasonably predicted at this time.
Content analysis
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Positive
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Uncertain
Constraining
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Readability
H.S. junior Avg
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Patents

APP
Utility
Real-time Display Adaptation
23 Sep 20
A method of providing Internet commercialization services to a content owner may include obtaining rights from an owner of Web page contents on a Web page to commercialize the Web page contents, obtaining an ad from an advertiser for placement on the Web page, the advertiser agreeing to pay for placement of the ad, paying for traffic to the Web page based on a bid to a traffic partner and sharing profits with the owner of the Web page contents, if any, from payments by the advertiser above payment to the traffic partner for the traffic.
APP
Utility
Controlling Display Layout of Digital Content
23 Sep 20
A method of providing Internet commercialization services to a content owner may include obtaining rights from an owner of Web page contents on a Web page to commercialize the Web page contents, obtaining an ad from an advertiser for placement on the Web page, the advertiser agreeing to pay for placement of the ad, paying for traffic to the Web page based on a bid to a traffic partner and sharing profits with the owner of the Web page contents, if any, from payments by the advertiser above payment to the traffic partner for the traffic.
GRANT
Utility
Internet content commercialization
20 Jul 20
A method of providing Internet commercialization services to a content owner may include obtaining rights from an owner of Web page contents on a Web page to commercialize the Web page contents, obtaining an ad from an advertiser for placement on the Web page, the advertiser agreeing to pay for placement of the ad, paying for traffic to the Web page based on a bid to a traffic partner and sharing profits with the owner of the Web page contents, if any, from payments by the advertiser above payment to the traffic partner for the traffic.