Nexstar Media Group (NASDAQ:NXST) Insider Sells $980,000.00 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Sean Compton sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the insider directly owned 11,252 shares in the company, valued at $2,205,392. The trade was a 30.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $189.42 on Friday. Nexstar Media Group, Inc. has a 52-week low of $164.00 and a 52-week high of $254.30. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market capitalization of $5.78 billion, a P/E ratio of 40.65, a P/E/G ratio of 0.48 and a beta of 0.97. The company has a fifty day moving average of $203.43 and a 200-day moving average of $208.16.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, May 15th. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Institutional Investors Weigh In On Nexstar Media Group

Several institutional investors have recently bought and sold shares of NXST. Torren Management LLC purchased a new position in Nexstar Media Group in the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Nexstar Media Group during the third quarter valued at approximately $28,000. Root Financial Partners LLC purchased a new stake in shares of Nexstar Media Group during the third quarter valued at approximately $31,000. WPG Advisers LLC grew its holdings in shares of Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after purchasing an additional 71 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Nexstar Media Group by 164.5% in the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock worth $40,000 after buying an additional 125 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NXST. Benchmark decreased their price objective on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Guggenheim increased their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Nexstar Media Group has an average rating of “Buy” and an average price target of $259.67.

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.