Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells $159,008.44 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Dana Zimmer sold 916 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $173.59, for a total transaction of $159,008.44. Following the completion of the transaction, the insider now owns 4,225 shares of the company's stock, valued at approximately $733,417.75. The trade was a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dana Zimmer also recently made the following trade(s):

• On Tuesday, May 20th, Dana Zimmer sold 1,151 shares of Nexstar Media Group stock. The stock was sold at an average price of $175.53, for a total transaction of $202,035.03.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded down $3.12 during midday trading on Monday, reaching $167.30. 251,751 shares of the company were exchanged, compared to its average volume of 390,484. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The business's fifty day moving average is $162.10 and its two-hundred day moving average is $161.96. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $191.86. The stock has a market cap of $5.10 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.11. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Nexstar Media Group's revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. As a group, analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, May 19th. Nexstar Media Group's payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NXST. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Wall Street Zen lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Barrington Research restated an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Finally, Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

Institutional Investors Weigh In On Nexstar Media Group

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Nexstar Media Group by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock valued at $240,481,000 after purchasing an additional 10,544 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nexstar Media Group by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company's stock valued at $203,964,000 after purchasing an additional 35,938 shares in the last quarter. Demars Financial Group LLC raised its stake in Nexstar Media Group by 13.6% during the first quarter. Demars Financial Group LLC now owns 879,253 shares of the company's stock valued at $157,580,000 after purchasing an additional 105,516 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Nexstar Media Group by 32.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company's stock valued at $144,110,000 after purchasing an additional 195,574 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Nexstar Media Group by 7.9% during the first quarter. Northern Trust Corp now owns 499,896 shares of the company's stock valued at $89,591,000 after purchasing an additional 36,757 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.