Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells $63,013.17 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Rachel Morgan sold 363 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $173.59, for a total value of $63,013.17. Following the completion of the transaction, the executive vice president now owns 1,137 shares in the company, valued at approximately $197,371.83. This trade represents a 24.20% 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 link.

Nexstar Media Group Stock Down 0.3%

NASDAQ:NXST traded down $0.58 during trading hours on Friday, hitting $169.98. The stock had a trading volume of 333,983 shares, compared to its average volume of 391,229. The company has a market cap of $5.19 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. The business has a 50 day simple moving average of $162.10 and a two-hundred day simple moving average of $162.02. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98.

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

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.38%. Nexstar Media Group's dividend payout ratio (DPR) is 37.69%.

Institutional Investors Weigh In On Nexstar Media Group

Several institutional investors and hedge funds have recently bought and sold shares of NXST. Dimensional Fund Advisors LP lifted its stake in Nexstar Media Group by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock valued at $240,481,000 after buying an additional 10,544 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $203,964,000 after acquiring an additional 35,938 shares during the period. Demars Financial Group LLC raised its holdings in shares of Nexstar Media Group by 13.6% in the 1st quarter. Demars Financial Group LLC now owns 879,253 shares of the company's stock worth $157,580,000 after purchasing an additional 105,516 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Nexstar Media Group by 32.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company's stock valued at $144,110,000 after buying an additional 195,574 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

NXST has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Wells Fargo & Company decreased their price objective on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price objective 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 report on Monday, March 3rd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and an average target price of $205.71.

About Nexstar Media Group

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.