Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells $125,094.25 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Lee Ann Gliha sold 757 shares of Nexstar Media Group stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total transaction of $125,094.25. Following the transaction, the executive vice president now directly owns 12,826 shares of the company's stock, valued at approximately $2,119,496.50. This trade represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lee Ann Gliha also recently made the following trade(s):

• On Wednesday, June 4th, Lee Ann Gliha sold 526 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.25, for a total transaction of $87,973.50.
• On Tuesday, May 27th, Lee Ann Gliha sold 1,437 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total transaction of $249,448.83.

Nexstar Media Group Stock Performance

NASDAQ NXST traded up $5.20 during trading hours on Friday, hitting $171.79. The company's stock had a trading volume of 585,722 shares, compared to its average volume of 386,200. Nexstar Media Group, Inc. has a 12 month low of $141.66 and a 12 month high of $191.86. The company's 50 day simple moving average is $162.82 and its two-hundred day simple moving average is $162.02. 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 has a market cap of $5.24 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced 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. Nexstar Media Group had a net margin of 12.21% and a return on equity of 29.21%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $5.16 EPS. The business's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.86 per share. The ex-dividend date was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a yield of 4.33%. Nexstar Media Group's dividend payout ratio (DPR) is 37.69%.

Analyst Upgrades and Downgrades

NXST has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Barrington Research reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a report on Tuesday, May 13th. Guggenheim upped their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the company from $190.00 to $200.00 in a report on Friday, February 28th. Finally, Wall Street Zen downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. One 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 presently has an average rating of "Moderate Buy" and an average target price of $205.71.

Institutional Investors Weigh In On Nexstar Media Group

A number of large investors 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 during the 4th quarter valued at $25,000. Whipplewood Advisors LLC grew 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 worth $55,000 after acquiring an additional 274 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Nexstar Media Group by 2,293.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock valued at $69,000 after acquiring an additional 367 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Nexstar Media Group by 62.3% in the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock valued at $72,000 after acquiring an additional 154 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Nexstar Media Group by 2,126.3% in the first quarter. Versant Capital Management Inc now owns 423 shares of the company's stock valued at $76,000 after acquiring an additional 404 shares during the period. 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.