Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha Sells 1,437 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Lee Ann Gliha sold 1,437 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $173.59, for a total transaction of $249,448.83. Following the sale, the executive vice president now owns 10,923 shares in the company, valued at approximately $1,896,123.57. This trade represents a 11.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nexstar Media Group Trading Down 1.8%

Shares of NXST stock traded down $3.12 on Monday, hitting $167.30. 251,751 shares of the company's stock traded hands, compared to its average volume of 390,484. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $191.86. The company's fifty day simple moving average is $162.10 and its 200 day simple moving average is $161.96. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.45 and a beta of 1.06.

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, topping analysts' consensus estimates of $3.26 by $0.11. The business had revenue of $1.23 billion for 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 company's revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Equities analysts forecast 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. Shareholders of record on Monday, May 19th will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, May 19th. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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. Guggenheim increased their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, February 28th. Barrington Research reaffirmed an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Tuesday, May 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Monday, March 10th. Finally, Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their target price for the company from $190.00 to $200.00 in a report on Friday, February 28th. One equities research 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 an average rating of "Moderate Buy" and an average price target of $205.71.

Institutional Investors Weigh In On Nexstar Media Group

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Nexstar Media Group in the 4th quarter worth $25,000. Whipplewood Advisors LLC grew its holdings in Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock worth $55,000 after acquiring an additional 274 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 367 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Nexstar Media Group by 62.3% in the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock worth $72,000 after acquiring an additional 154 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Nexstar Media Group by 2,126.3% in 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.