Nexstar Media Group (NASDAQ:NXST) Insider Sells $154,367.50 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Sean Compton sold 875 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $176.42, for a total value of $154,367.50. Following the transaction, the insider owned 14,332 shares in the company, valued at $2,528,451.44. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sean Compton also recently made the following trade(s):

• On Thursday, June 4th, Sean Compton sold 414 shares of Nexstar Media Group stock. The stock was sold at an average price of $182.42, for a total value of $75,521.88.
• On Wednesday, May 27th, Sean Compton sold 445 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $83,357.40.
• On Tuesday, May 19th, Sean Compton sold 5,000 shares of Nexstar Media Group stock. The stock was sold at an average price of $196.00, for a total value of $980,000.00.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $174.50 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53. Nexstar Media Group, Inc. has a twelve month low of $164.00 and a twelve month high of $254.30. The stock’s 50 day moving average is $191.14 and its 200-day moving average is $207.13. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 0.44 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. Stockholders of record on Friday, May 15th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Institutional Investors Weigh In On Nexstar Media Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Torren Management LLC purchased a new stake in Nexstar Media Group in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Nexstar Media Group in the 3rd quarter valued at $28,000. WPG Advisers LLC raised its position in Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after buying an additional 71 shares during the last quarter. Hantz Financial Services Inc. raised its position in Nexstar Media Group by 164.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after buying an additional 125 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Nexstar Media Group during the 2nd quarter valued at $54,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NXST shares. Wall Street Zen raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $252.00 to $220.00 in a research report on Friday, April 10th. Finally, Guggenheim increased their price target on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. One investment 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $259.67.

Nexstar Media Group News Roundup

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

• Neutral Sentiment: Several Nexstar executives, including Blake Russell, Andrew Alford, Sean Compton, Dana Zimmer, and Lee Ann Gliha, sold shares at $176.42. The filings say these were tax-withholding sales tied to equity award vesting, which usually makes them less concerning than discretionary insider selling. Nexstar Media Group insider filing
• Neutral Sentiment: Recent coverage noted that NXST has been weakening over the past month and remains below key moving averages, suggesting bearish momentum may be contributing to the stock’s decline. Nexstar Media Group stock down article
• Neutral Sentiment: Nexstar continues to offer a sizable dividend yield, but the payout ratio is elevated, which may limit upside enthusiasm from income investors. Nexstar Media Group stock page

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.