Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Brett Jenkins Sells 451 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Brett Jenkins sold 451 shares of the company'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 transaction of $78,289.09. Following the completion of the sale, the insider now owns 24,026 shares of the company's stock, valued at approximately $4,170,673.34. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Brett Jenkins also recently made the following trade(s):

• On Tuesday, May 20th, Brett Jenkins sold 528 shares of Nexstar Media Group stock. The shares were sold at an average price of $175.53, for a total transaction of $92,679.84.

Nexstar Media Group Price Performance

NASDAQ:NXST traded down $0.58 on Friday, reaching $169.98. The stock had a trading volume of 333,983 shares, compared to its average volume of 391,229. The company has a market capitalization of $5.19 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $191.86. The stock has a fifty day moving average price of $162.10 and a 200-day moving average price of $162.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.11. The firm 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 11.39% and a return on equity of 26.03%. Nexstar Media Group'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. Research analysts forecast that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Announces Dividend

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

Wall Street Analysts Forecast Growth

NXST has been the topic of several research analyst reports. Benchmark lowered their target price on Nexstar Media Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Guggenheim increased their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, February 28th. Wells Fargo & Company cut their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Loop Capital raised Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Finally, Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NXST. KBC Group NV lifted its stake in Nexstar Media Group by 1,801.8% in the fourth quarter. KBC Group NV now owns 17,230 shares of the company's stock valued at $2,722,000 after buying an additional 16,324 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Nexstar Media Group in the fourth quarter valued at approximately $506,000. Barclays PLC lifted its position in shares of Nexstar Media Group by 16.8% in the third 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. KLP Kapitalforvaltning AS acquired a new position in shares of Nexstar Media Group during the 4th quarter worth about $1,264,000. Finally, Empowered Funds LLC grew its stake in Nexstar Media Group by 13.6% in the fourth 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 in the last quarter. Institutional investors own 95.30% of the company's stock.

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.