Dana Zimmer Sells 889 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Dana Zimmer sold 889 shares of Nexstar Media Group stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $146,907.25. Following the completion of the transaction, the insider now owns 6,201 shares in the company, valued at $1,024,715.25. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 4th, Dana Zimmer sold 883 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.25, for a total value of $147,681.75.
• On Tuesday, May 27th, Dana Zimmer sold 916 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total value of $159,008.44.
• 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 NXST traded up $5.20 during trading hours on Friday, hitting $171.79. The stock had a trading volume of 585,722 shares, compared to its average volume of 386,200. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.22 and a beta of 1.05. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.74 and a quick ratio of 1.74. The company's fifty day moving average is $162.82 and its two-hundred day moving average is $162.02. Nexstar Media Group, Inc. has a 52 week low of $141.66 and a 52 week high of $191.86.

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 for the quarter, beating analysts' consensus estimates of $3.26 by $0.11. Nexstar Media Group had a return on equity of 29.21% and a net margin of 12.21%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the firm posted $5.16 EPS. The business's revenue was down 3.9% on a year-over-year basis. On average, analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.86 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.33%. Nexstar Media Group's dividend payout ratio is 37.69%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Tuesday, May 13th. Wells Fargo & Company reduced 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 report on Thursday, May 1st. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Finally, Guggenheim increased their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group in the fourth quarter worth about $25,000. Whipplewood Advisors LLC increased its holdings in shares of Nexstar Media Group by 830.3% in the first quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after purchasing an additional 274 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nexstar Media Group by 2,293.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock worth $69,000 after purchasing an additional 367 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Nexstar Media Group by 62.3% during the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock worth $72,000 after buying an additional 154 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Nexstar Media Group by 2,126.3% during the 1st quarter. Versant Capital Management Inc now owns 423 shares of the company's stock worth $76,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds 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.