Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells $141,326.25 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Sean Compton sold 845 shares of Nexstar Media Group stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $167.25, for a total transaction of $141,326.25. Following the completion of the transaction, the insider now owns 14,248 shares in the company, valued at approximately $2,382,978. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 27th, Sean Compton sold 877 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total transaction of $152,238.43.
• On Tuesday, May 20th, Sean Compton sold 1,088 shares of Nexstar Media Group stock. The shares were sold at an average price of $175.53, for a total transaction of $190,976.64.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded up $4.29 during midday trading on Friday, hitting $169.00. 224,880 shares of the stock were exchanged, compared to its average volume of 389,535. The stock has a market cap of $5.16 billion, a P/E ratio of 9.77, a PEG ratio of 0.45 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86. The company has a 50 day moving average price of $160.90 and a 200-day moving average price of $162.14.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.11. The business 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 business's revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.16 EPS. On average, research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, May 19th. Nexstar Media Group's dividend payout ratio (DPR) is presently 37.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Entropy Technologies LP acquired a new position in Nexstar Media Group in the 4th quarter valued at about $506,000. Barclays PLC raised its stake in Nexstar Media Group by 16.8% in the 3rd quarter. Barclays PLC now owns 45,051 shares of the company's stock valued at $7,448,000 after purchasing an additional 6,475 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Nexstar Media Group in the 4th quarter valued at about $1,264,000. Empowered Funds LLC raised its stake in Nexstar Media Group by 13.6% in the 4th quarter. Empowered Funds LLC now owns 25,575 shares of the company's stock valued at $4,040,000 after purchasing an additional 3,068 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Nexstar Media Group by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 403,728 shares of the company's stock valued at $63,777,000 after purchasing an additional 19,116 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXST. Loop Capital upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Benchmark decreased their target price 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. Barrington Research restated an "outperform" rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average 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.