Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sean Compton Sells 877 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Sean Compton sold 877 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $173.59, for a total value of $152,238.43. Following the sale, the insider now owns 13,219 shares in the company, valued at approximately $2,294,686.21. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sean Compton also recently made the following trade(s):

• On Tuesday, May 20th, Sean Compton sold 1,088 shares of Nexstar Media Group stock. The stock was sold at an average price of $175.53, for a total transaction of $190,976.64.

Nexstar Media Group Trading Down 0.3%

NASDAQ:NXST traded down $0.58 on Friday, hitting $169.98. 333,983 shares of the stock were exchanged, compared to its average volume of 391,229. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.45 and a beta of 1.06. 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 52 week low of $141.66 and a 52 week high of $191.86. The company's 50-day moving average price is $162.10 and its 200 day moving average price is $162.02.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.11. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations 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 previous year, the firm earned $5.16 earnings per share. On average, equities research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $1.86 per share. The ex-dividend date is Monday, May 19th. This represents a $7.44 annualized dividend and a yield of 4.38%. Nexstar Media Group's dividend payout ratio is presently 37.69%.

Institutional Trading of Nexstar Media Group

Several hedge funds have recently bought and sold shares of NXST. Jones Financial Companies Lllp grew its stake in Nexstar Media Group by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after purchasing an additional 73 shares in the last quarter. Glassy Mountain Advisors Inc. grew its stake in shares of Nexstar Media Group by 0.4% in the first quarter. Glassy Mountain Advisors Inc. now owns 20,497 shares of the company's stock valued at $3,674,000 after buying an additional 73 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in Nexstar Media Group by 5.0% during the first quarter. HighPoint Advisor Group LLC now owns 1,930 shares of the company's stock worth $346,000 after buying an additional 92 shares during the last quarter. State of Michigan Retirement System raised its position in Nexstar Media Group by 1.4% during the first quarter. State of Michigan Retirement System now owns 7,000 shares of the company's stock worth $1,255,000 after acquiring an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Nexstar Media Group by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the company's stock valued at $1,470,000 after acquiring an additional 100 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of recent analyst reports. Wall Street Zen lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Guggenheim lifted their price target on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, February 28th. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Finally, Wells Fargo & Company decreased 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 note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $205.71.

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.