Insider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells 329 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Rachel Morgan sold 329 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $54,367.25. Following the sale, the executive vice president now directly 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 SEC, which can be accessed through the SEC website.

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

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

Nexstar Media Group Stock Up 3.1%

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. The stock has a fifty day moving average of $162.82 and a 200-day moving average of $162.02. Nexstar Media Group, Inc. has a 52-week low of $141.66 and a 52-week high of $191.86. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.86. The stock has a market capitalization 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $5.16 earnings per share. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend yield of 4.33%. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.

Analyst Upgrades and Downgrades

NXST has been the subject of several research reports. Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Benchmark cut their price target 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. Wells Fargo & Company dropped 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. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research note on Monday, March 10th. Finally, Wall Street Zen downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.71.

Institutional Trading of Nexstar Media Group

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Nexstar Media Group during the fourth quarter valued at $25,000. Whipplewood Advisors LLC grew its stake in shares of Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after purchasing an additional 274 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Nexstar Media Group by 2,293.8% in 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 stake in shares of Nexstar Media Group by 62.3% during 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 boosted its stake 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 acquiring an additional 404 shares during the last quarter. 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.