Insider Selling: Nexstar Media Group Inc (NASDAQ:NXST) CFO Sells $138,307.00 in Stock

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Nexstar Media Group Inc (NASDAQ:NXST) CFO Thomas Carter sold 1,300 shares of Nexstar Media Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $106.39, for a total transaction of $138,307.00. Following the completion of the transaction, the chief financial officer now directly owns 99,489 shares of the company’s stock, valued at approximately $10,584,634.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Nexstar Media Group stock opened at $101.03 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 4.30. The company’s 50-day moving average price is $100.04 and its two-hundred day moving average price is $101.97. Nexstar Media Group Inc has a 52 week low of $70.51 and a 52 week high of $119.93. The stock has a market cap of $4.70 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.85) EPS for the quarter, missing the consensus estimate of $1.51 by ($2.36). Nexstar Media Group had a return on equity of 16.74% and a net margin of 9.87%. The business had revenue of $663.60 million during the quarter, compared to the consensus estimate of $644.00 million. During the same quarter last year, the firm posted $2.12 earnings per share. Nexstar Media Group’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Nexstar Media Group Inc will post 5.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 7th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 21.08%.

A number of equities analysts have commented on NXST shares. Evercore ISI reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Nexstar Media Group in a report on Thursday, August 8th. Barrington Research reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Nexstar Media Group in a report on Tuesday, November 12th. BidaskClub raised shares of Nexstar Media Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Stephens set a $150.00 price objective on shares of Nexstar Media Group and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Co started coverage on Nexstar Media Group in a research note on Monday, September 23rd. They issued a “market perform” rating and a $113.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $131.13.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Nexstar Media Group by 42.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,795,619 shares of the company’s stock worth $179,848,000 after purchasing an additional 531,841 shares in the last quarter. Baupost Group LLC MA increased its stake in Nexstar Media Group by 39.8% in the 2nd quarter. Baupost Group LLC MA now owns 1,397,755 shares of the company’s stock worth $141,173,000 after purchasing an additional 397,755 shares in the last quarter. Vanguard Group Inc. increased its stake in Nexstar Media Group by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,127,355 shares of the company’s stock worth $416,862,000 after purchasing an additional 166,961 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Nexstar Media Group in the 2nd quarter worth about $14,025,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Nexstar Media Group by 56.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 369,856 shares of the company’s stock worth $37,355,000 after purchasing an additional 133,739 shares in the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

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

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