Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Rachel Morgan Sells 329 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Rachel Morgan sold 329 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total value of $54,367.25. Following the completion of the sale, the executive vice president now owns 2,122 shares of the company's stock, valued at $350,660.50. The trade was a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rachel Morgan also recently made the following trade(s):

• On Tuesday, May 27th, Rachel Morgan sold 363 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total value of $63,013.17.

Nexstar Media Group Stock Down 2.0%

NASDAQ:NXST traded down $3.37 on Tuesday, hitting $165.72. The stock had a trading volume of 343,756 shares, compared to its average volume of 385,729. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $5.06 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Nexstar Media Group, Inc. has a 1 year low of $141.66 and a 1 year high of $191.86. The firm's fifty day simple moving average is $162.28 and its two-hundred day simple moving average is $162.01.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $3.37 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $5.16 EPS. The company's revenue for the quarter was down 3.9% on a year-over-year basis. Analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $1.86 dividend. The ex-dividend date was Monday, May 19th. This represents a $7.44 annualized dividend and a yield of 4.49%. Nexstar Media Group's payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Benchmark cut their price objective on shares of Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Guggenheim increased their price objective 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. Wall Street Zen cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Barrington Research reissued an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.71.

Hedge Funds Weigh In On Nexstar Media Group

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Nexstar Media Group in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC raised its holdings in Nexstar Media Group by 830.3% during the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after acquiring an additional 274 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Nexstar Media Group by 2,293.8% during the 1st 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 period. First Horizon Advisors Inc. raised 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 valued at $72,000 after acquiring an additional 154 shares during the period. Finally, Versant Capital Management Inc raised 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 valued at $76,000 after acquiring an additional 404 shares during the period. 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.

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