Insider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells 850 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Sean Compton sold 850 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total transaction of $140,462.50. Following the sale, the insider now directly owns 15,272 shares of the company's stock, valued at approximately $2,523,698. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, June 4th, Sean Compton sold 845 shares of Nexstar Media Group stock. The shares were sold at an average price of $167.25, for a total transaction of $141,326.25.
• On Tuesday, May 27th, Sean Compton sold 877 shares of Nexstar Media Group stock. The stock was 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 value of $190,976.64.

Nexstar Media Group Stock Up 3.1%

NXST traded up $5.20 during midday trading on Friday, reaching $171.79. 585,722 shares of the company were exchanged, compared to its average volume of 386,200. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth 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. The company's fifty day moving average price is $162.82 and its 200 day moving average price is $162.02. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.74 and a current ratio of 1.74.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. Nexstar Media Group's quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Monday, May 19th. Nexstar Media Group's dividend payout ratio is 37.69%.

Institutional Trading of Nexstar Media Group

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group during the fourth quarter valued at about $25,000. Whipplewood Advisors LLC grew its position in Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock worth $55,000 after purchasing an additional 274 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Nexstar Media Group by 2,293.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock valued at $69,000 after buying an additional 367 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Nexstar Media Group by 62.3% during the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock worth $72,000 after buying an additional 154 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Nexstar Media Group by 2,126.3% in the 1st quarter. Versant Capital Management Inc now owns 423 shares of the company's stock worth $76,000 after buying an additional 404 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Guggenheim increased their price target on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Wells Fargo & Company lowered their target price on 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. Loop Capital upgraded Nexstar Media Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Barrington Research reissued an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Tuesday, May 13th. Finally, Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Nexstar Media Group in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.