Insider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells 528 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXSTGet Free Report) insider Gary Weitman sold 528 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $160.00, for a total value of $84,480.00. Following the transaction, the insider now directly owns 11,687 shares of the company’s stock, valued at approximately $1,869,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gary Weitman also recently made the following trade(s):

  • On Monday, May 20th, Gary Weitman sold 432 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.43, for a total transaction of $72,329.76.

Nexstar Media Group Trading Up 0.1 %

NASDAQ NXST traded up $0.13 during trading on Wednesday, hitting $158.34. The stock had a trading volume of 217,916 shares, compared to its average volume of 338,856. Nexstar Media Group, Inc. has a one year low of $132.30 and a one year high of $187.32. The stock has a 50 day simple moving average of $165.24 and a 200 day simple moving average of $163.35. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.59 and a beta of 1.48. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.80 and a current ratio of 1.80.

Nexstar Media Group (NASDAQ:NXSTGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.88. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Nexstar Media Group had a net margin of 8.29% and a return on equity of 17.18%. Nexstar Media Group’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $2.97 earnings per share. Sell-side analysts predict that Nexstar Media Group, Inc. will post 27.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Thursday, May 9th. Nexstar Media Group’s payout ratio is 57.19%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NXST. Rosenblatt Securities dropped their price objective on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Barrington Research reissued an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and issued a $225.00 target price on shares of Nexstar Media Group in a research note on Friday, May 10th. Loop Capital raised shares of Nexstar Media Group to a “strong-buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company upgraded shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $221.00 in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.00.

Read Our Latest Stock Report on Nexstar Media Group

Institutional Trading of Nexstar Media Group

A number of institutional investors have recently modified their holdings of NXST. EverSource Wealth Advisors LLC boosted its position in shares of Nexstar Media Group by 632.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 177 shares in the last quarter. First United Bank & Trust acquired a new stake in Nexstar Media Group in the fourth quarter worth about $33,000. SRS Capital Advisors Inc. grew its stake in shares of Nexstar Media Group by 350.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock worth $37,000 after acquiring an additional 186 shares during the last quarter. OLD Second National Bank of Aurora acquired a new position in shares of Nexstar Media Group during the fourth quarter valued at about $45,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Nexstar Media Group by 41.1% during the fourth quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after acquiring an additional 86 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Nexstar Media Group (NASDAQ:NXST)

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