Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha Sells 526 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Lee Ann Gliha sold 526 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $167.25, for a total value of $87,973.50. Following the transaction, the executive vice president now owns 11,709 shares of the company's stock, valued at $1,958,330.25. This trade represents a 4.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, May 27th, Lee Ann Gliha sold 1,437 shares of Nexstar Media Group stock. The stock was sold at an average price of $173.59, for a total value of $249,448.83.

Nexstar Media Group Trading Up 2.6%

NXST traded up $4.29 during trading on Friday, hitting $169.00. The company's stock had a trading volume of 224,880 shares, compared to its average volume of 390,312. The firm's 50 day moving average price is $160.90 and its 200-day moving average price is $162.10. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $5.16 billion, a PE ratio of 9.77, a PEG ratio of 0.45 and a beta of 1.05. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86.

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 the consensus estimate of $3.26 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 EPS. On average, analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.86 dividend. The ex-dividend date was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a yield of 4.40%. Nexstar Media Group's dividend payout ratio is currently 37.69%.

Analysts Set New Price Targets

NXST has been the topic of several research reports. Barrington Research reissued an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on shares of 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Monday, March 10th. Wall Street Zen downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Guggenheim lifted 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. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

Institutional Investors Weigh In On Nexstar Media Group

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in Nexstar Media Group by 16.8% during the 3rd quarter. Barclays PLC now owns 45,051 shares of the company's stock worth $7,448,000 after purchasing an additional 6,475 shares in the last quarter. Trust Point Inc. bought a new stake in Nexstar Media Group during the 4th quarter valued at approximately $350,000. Verity Asset Management Inc. acquired a new position in Nexstar Media Group in the 4th quarter valued at approximately $250,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nexstar Media Group by 15.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,947 shares of the company's stock worth $3,493,000 after buying an additional 2,929 shares in the last quarter. Finally, Meritage Portfolio Management grew its position in Nexstar Media Group by 10.4% during the 4th quarter. Meritage Portfolio Management now owns 5,084 shares of the company's stock worth $803,000 after acquiring an additional 481 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.