Insider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells 757 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Andrew Alford sold 757 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total value of $125,094.25. Following the sale, the insider now owns 10,528 shares in the company, valued at $1,739,752. The trade was a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Andrew Alford also recently made the following trade(s):

• On Wednesday, June 4th, Andrew Alford sold 751 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.25, for a total value of $125,604.75.
• On Tuesday, May 27th, Andrew Alford sold 779 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total transaction of $135,226.61.
• On Tuesday, May 20th, Andrew Alford sold 838 shares of Nexstar Media Group stock. The stock was sold at an average price of $175.53, for a total transaction of $147,094.14.
• On Wednesday, March 26th, Andrew Alford sold 3,768 shares of Nexstar Media Group stock. The shares were sold at an average price of $181.98, for a total transaction of $685,700.64.

Nexstar Media Group Trading Up 3.1%

Shares of NASDAQ:NXST traded up $5.20 during midday trading on Friday, hitting $171.79. 585,722 shares of the stock traded hands, compared to its average volume of 386,200. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.86. The business's 50 day moving average is $162.82 and its two-hundred day moving average is $162.02. The stock has a market capitalization of $5.24 billion, a PE ratio of 8.70, a P/E/G ratio of 1.22 and a beta of 1.05. Nexstar Media Group, Inc. has a one year low of $141.66 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.37 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $5.16 EPS. Nexstar Media Group's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, 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 was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.86 per share. The ex-dividend date was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.33%. Nexstar Media Group's dividend payout ratio is presently 37.69%.

Institutional Trading of Nexstar Media Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXST. Lynx Investment Advisory purchased a new position in Nexstar Media Group during the 1st quarter valued at $311,000. Strs Ohio bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at about $1,222,000. WBI Investments LLC bought a new stake in shares of Nexstar Media Group during the 1st quarter valued at about $268,000. Acadian Asset Management LLC purchased a new position in shares of Nexstar Media Group during the first quarter valued at about $654,000. Finally, Geneos Wealth Management Inc. raised its stake in Nexstar Media Group by 86.4% in the first quarter. Geneos Wealth Management Inc. now owns 509 shares of the company's stock worth $91,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports 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 for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Guggenheim lifted their price target on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Monday, March 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Nexstar Media Group has a consensus rating of "Moderate Buy" and an average target price of $205.71.

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.