Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Sells $83,781.75 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Blake Russell sold 507 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $83,781.75. Following the sale, the executive vice president now owns 24,826 shares in the company, valued at $4,102,496.50. The trade was a 2.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Blake Russell also recently made the following trade(s):

• On Wednesday, June 4th, Blake Russell sold 326 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.25, for a total value of $54,523.50.
• On Tuesday, May 27th, Blake Russell sold 362 shares of Nexstar Media Group stock. The stock was sold at an average price of $173.59, for a total value of $62,839.58.
• On Tuesday, May 20th, Blake Russell sold 424 shares of Nexstar Media Group stock. The stock was sold at an average price of $175.53, for a total value of $74,424.72.

Nexstar Media Group Stock Performance

Nexstar Media Group stock traded down $3.37 during mid-day trading on Tuesday, hitting $165.72. The company had a trading volume of 343,756 shares, compared to its average volume of 385,729. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.86. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $191.86. The company's fifty day moving average is $162.28 and its 200-day moving average is $162.01. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.24 and a beta of 1.05.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $5.16 EPS. The business's quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given 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 dividend payout ratio is presently 37.69%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 report on Tuesday, May 6th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Monday, March 10th. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Barrington Research reissued an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Finally, Guggenheim raised 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Nexstar Media Group has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Institutional Investors Weigh In On Nexstar Media Group

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Nexstar Media Group during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC raised its stake in shares of Nexstar Media Group by 830.3% during the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock worth $55,000 after buying 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% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock worth $69,000 after buying an additional 367 shares during the period. First Horizon Advisors Inc. raised its stake in shares of 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 during the period. Finally, Versant Capital Management Inc raised its stake in shares of 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 during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

About Nexstar Media Group

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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