Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells $125,094.25 in Stock

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

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

• On Wednesday, June 4th, Andrew Alford sold 751 shares of Nexstar Media Group stock. The shares were sold at an average price of $167.25, for a total transaction 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 shares were 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 Price Performance

NASDAQ:NXST traded down $3.37 during mid-day trading on Tuesday, hitting $165.72. 343,756 shares of the stock traded hands, compared to its average volume of 385,729. The business's 50-day moving average price is $162.28 and its 200 day moving average price is $162.01. The company has a market cap of $5.06 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $191.86. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.26 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. Nexstar Media Group had a net margin of 12.21% and a return on equity of 29.21%. Nexstar Media Group's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.16 earnings per share. On average, analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Monday, May 19th. Nexstar Media Group's payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NXST shares. Wells Fargo & Company lowered their price objective on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Barrington Research reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, May 13th. 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. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Benchmark lowered 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 research report on Tuesday, May 6th. 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 has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Institutional Trading of Nexstar Media Group

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Nexstar Media Group by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,341,899 shares of the company's stock valued at $240,481,000 after acquiring an additional 10,544 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Nexstar Media Group by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,138,064 shares of the company's stock valued at $203,964,000 after acquiring an additional 35,938 shares during the last quarter. Demars Financial Group LLC increased its stake in Nexstar Media Group by 13.6% in the first quarter. Demars Financial Group LLC now owns 879,253 shares of the company's stock valued at $157,580,000 after acquiring an additional 105,516 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Nexstar Media Group by 32.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 804,095 shares of the company's stock valued at $144,110,000 after acquiring an additional 195,574 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Nexstar Media Group by 7.9% in the first quarter. Northern Trust Corp now owns 499,896 shares of the company's stock valued at $89,591,000 after acquiring an additional 36,757 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

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.

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