Brett Jenkins Sells 301 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Brett Jenkins sold 301 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total transaction of $51,413.81. Following the completion of the transaction, the insider directly owned 28,798 shares in the company, valued at approximately $4,918,986.38. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brett Jenkins also recently made the following trade(s):

• On Wednesday, June 10th, Brett Jenkins sold 284 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total transaction of $50,103.28.
• On Thursday, June 4th, Brett Jenkins sold 397 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total value of $72,420.74.
• On Wednesday, May 27th, Brett Jenkins sold 229 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total value of $42,896.28.

Nexstar Media Group Trading Down 3.7%

NASDAQ:NXST opened at $165.82 on Thursday. Nexstar Media Group, Inc. has a 1-year low of $163.67 and a 1-year high of $254.30. The business’s 50-day moving average price is $190.41 and its two-hundred day moving average price is $206.83. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 0.43 and a beta of 0.91.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $1.86 dividend. The ex-dividend date was Friday, May 15th. This represents a $7.44 annualized dividend and a yield of 4.5%. Nexstar Media Group’s dividend payout ratio (DPR) is 159.66%.

Institutional Investors Weigh In On Nexstar Media Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorsal Capital Management LP acquired a new stake in Nexstar Media Group in the 3rd quarter valued at approximately $74,152,000. QVT Financial LP raised its position in Nexstar Media Group by 200.0% in the 4th quarter. QVT Financial LP now owns 155,281 shares of the company’s stock valued at $31,530,000 after buying an additional 310,562 shares during the last quarter. AQR Capital Management LLC raised its position in Nexstar Media Group by 118.1% in the 2nd quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock valued at $93,795,000 after buying an additional 294,308 shares during the last quarter. JPMorgan Chase & Co. raised its position in Nexstar Media Group by 157.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock valued at $73,960,000 after buying an additional 228,603 shares during the last quarter. Finally, Norges Bank acquired a new stake in Nexstar Media Group in the 4th quarter valued at approximately $41,474,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NXST shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Wells Fargo & Company dropped their price target on Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Benchmark dropped their price target on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Nexstar Media Group presently has an average rating of “Buy” and an average price target of $259.67.

Key Headlines Impacting Nexstar Media Group

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Nexstar said shareholders approved all proposals at its 2026 annual meeting, including board elections, executive compensation, auditor ratification, and the 2026 long-term incentive plan. That vote removes a near-term governance overhang and suggests shareholder support for management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s Locked On Podcast Network, operated through TEGNA, said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting continued growth in digital audience engagement. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Several Nexstar executives, including the CFO and multiple EVPs, sold small amounts of stock at the same price, but the filings indicate the sales were made to cover tax withholding tied to vesting equity awards rather than discretionary selling. SEC filing
• Neutral Sentiment: Analyst commentary remains generally constructive, with several firms maintaining buy-style ratings, but that support is offset by ongoing concerns around leverage and recent legal headlines. Nexstar Media Group insider trades page
• Negative Sentiment: Insider selling has been persistent over the past several months, with no reported open-market insider buying. Even though the latest trades were tax-related, the repeated sales can weigh on investor sentiment and raise caution about near-term confidence in the stock. Insider buying and selling alert

Nexstar Media Group Company Profile

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.