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

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Sean Compton sold 850 shares of Nexstar Media Group stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $165.25, for a total value of $140,462.50. Following the completion of the transaction, the insider now directly owns 15,272 shares of the company's stock, valued at approximately $2,523,698. This represents a 5.27% decrease in their position. 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 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 value 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 stock was sold at an average price of $175.53, for a total transaction of $190,976.64.

Nexstar Media Group Stock Performance

NXST stock traded down $3.37 during trading on Tuesday, reaching $165.72. The company had a trading volume of 343,756 shares, compared to its average volume of 385,729. 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, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86. The firm has a 50-day simple moving average of $162.28 and a 200-day simple moving average of $162.01. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.11. Nexstar Media Group had a net margin of 12.21% and a return on equity of 29.21%. 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 firm earned $5.16 earnings per share. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.49%. Nexstar Media Group's payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NXST shares. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $190.00 to $200.00 in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research note on Monday, March 10th. Guggenheim raised their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Benchmark reduced 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 note on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Nexstar Media Group presently has an average rating of "Moderate Buy" and a consensus target price of $205.71.

Institutional Trading of Nexstar Media Group

A number of large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Nexstar Media Group in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC increased its stake in Nexstar Media Group by 830.3% in the first quarter. Whipplewood Advisors LLC now owns 307 shares of the company's stock valued at $55,000 after purchasing an additional 274 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Nexstar Media Group by 2,293.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company's stock valued at $69,000 after purchasing an additional 367 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Nexstar Media Group by 62.3% in the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company's stock valued at $72,000 after purchasing an additional 154 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Nexstar Media Group by 2,126.3% in the first quarter. Versant Capital Management Inc now owns 423 shares of the company's stock valued at $76,000 after purchasing an additional 404 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other 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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