Thomas Carter Profits from 3125 Share Sale of Nexstar Media Group, in 2023.

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Thomas Carter recently made a huge profit from selling 3125 shares of Nexstar Media ($NASDAQ:NXST) Group, Inc. in 2023. This stock sale came as a huge surprise to many investors, as Thomas Carter had held onto the shares for many years. The sale was a strategic move for Carter, as it enabled him to take advantage of the high market value of Nexstar Media Group and maximize his profits. The success of the transaction was largely due to the rapid growth of Nexstar Media Group over the past few years. The company has seen tremendous success in digital media, television broadcasting, and radio broadcasting. This has led to an increase in its share price which has almost tripled since last year alone.

This makes it an ideal time for Thomas Carter to sell off his 3125 shares and gain a substantial financial benefit. The success of this transaction further cements Thomas Carter’s reputation as a savvy investor. His foresight to recognize the increasing value of Nexstar Media Group and act on it has proven to be a lucrative move for him. It is likely that many other investors will take notice and follow his lead in the near future.

Market Price

At the time of writing, media coverage for this event has been mostly positive. On Monday, NEXSTAR MEDIA stock opened at 161.8 and closed at 168.3, up by 5.0% from the previous closing price of 160.3. This rise in stock price has provided a golden opportunity for Thomas Carter to make a profit from his share sale. The market sentiment is currently positive and the outlook is good for the future success of Nexstar Media. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nexstar Media. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nexstar Media. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nexstar Media. More…

Key Ratios Snapshot

Some of the financial key ratios for Nexstar Media are shown below. More…

Analysis

GoodWhale has conducted an in-depth analysis of NEXSTAR MEDIA‘s fundamentals. According to our Star Chart, the company has strong dividend and growth, as well as positive profitability. However, it shows a weak asset profile. In terms of its health score, NEXSTAR MEDIA has scored 8/10, which indicates that it is capable of sustaining operations in times of crisis. Based on our analysis, we have classified NEXSTAR MEDIA as a ‘gorilla’ type of company. This means that the company has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors who are looking for steady income and capital appreciation may be interested in investing in such a company. More…

Peers

The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.

– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)

Sinclair Broadcast Group Inc is a publicly traded company with a market cap of 1.26B as of 2022. The company operates in the broadcasting industry and owns and operates, programs, or provides sales and other services to television stations in the United States. As of 2018, Sinclair Broadcast Group Inc operated a total of 193 television stations. The company also owns and operates four regional sports networks, a digital program network, and a cable network channel.

– Fox Corp ($NASDAQ:FOXA)

Fox Corporation is an American media company that is primarily involved in the production and distribution of news and entertainment content. The company has a market capitalization of 15.38 billion as of 2022 and a return on equity of 11.49%. Fox Corporation is the parent company of a number of media businesses, including the Fox News Channel, Fox Business Network, Fox Sports, and Fox Television Stations.

– Klassik Radio AG ($LTS:0EXW)

Klassik Radio AG is a German radio station that offers a wide range of classical music. It has a market cap of 22.97M as of 2022 and a return on equity of 14.02%. The company’s mission is to promote the appreciation of classical music and to make it accessible to as many people as possible.

Summary

Investing in Nexstar Media Group, Inc. is proving to be a profitable venture. At the time of writing, media coverage has been overwhelmingly positive, resulting in the stock price increasing on the same day. With Nexstar Media Group, Inc. offering strong potential for growth and profitability, investing in them warrants consideration for those looking for a lucrative opportunity.