Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Sells $504,857.93 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXSTGet Rating) insider Dana Zimmer sold 2,869 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $175.97, for a total value of $504,857.93. Following the sale, the insider now owns 1,792 shares in the company, valued at approximately $315,338.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dana Zimmer also recently made the following trade(s):

  • On Wednesday, May 18th, Dana Zimmer sold 1,191 shares of Nexstar Media Group stock. The stock was sold at an average price of $173.86, for a total value of $207,067.26.

NXST traded up $6.20 during trading on Wednesday, reaching $166.63. The stock had a trading volume of 5,015 shares, compared to its average volume of 394,400. The stock has a market cap of $6.73 billion, a PE ratio of 8.13, a PEG ratio of 0.67 and a beta of 1.54. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.02 and a current ratio of 2.02. Nexstar Media Group, Inc. has a one year low of $135.87 and a one year high of $192.84. The business has a 50-day moving average of $173.96 and a 200-day moving average of $167.89.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $5.99 EPS for the quarter, beating analysts’ consensus estimates of $4.33 by $1.66. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Nexstar Media Group had a return on equity of 32.08% and a net margin of 18.66%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.42 earnings per share. Equities research analysts forecast that Nexstar Media Group, Inc. will post 25.9 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, May 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.16%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 17.48%.

A number of equities research analysts recently issued reports on NXST shares. Zacks Investment Research upgraded Nexstar Media Group from a “hold” rating to a “strong-buy” rating and set a $198.00 price objective on the stock in a research report on Tuesday, May 17th. Barrington Research increased their price objective on Nexstar Media Group from $200.00 to $215.00 in a research report on Wednesday, February 23rd. Guggenheim increased their price objective on Nexstar Media Group from $210.00 to $220.00 in a research report on Wednesday, May 11th. Benchmark increased their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Nexstar Media Group from $216.00 to $225.00 in a research report on Thursday, May 12th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $209.00.

Several large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Nexstar Media Group by 4.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,557 shares of the company’s stock valued at $235,000 after buying an additional 60 shares during the last quarter. CI Investments Inc. grew its stake in shares of Nexstar Media Group by 3.2% in the third quarter. CI Investments Inc. now owns 2,012 shares of the company’s stock worth $306,000 after purchasing an additional 62 shares during the last quarter. M&T Bank Corp grew its stake in shares of Nexstar Media Group by 5.2% in the fourth quarter. M&T Bank Corp now owns 1,446 shares of the company’s stock worth $218,000 after purchasing an additional 72 shares during the last quarter. National Asset Management Inc. grew its stake in shares of Nexstar Media Group by 3.1% in the first quarter. National Asset Management Inc. now owns 2,527 shares of the company’s stock worth $477,000 after purchasing an additional 77 shares during the last quarter. Finally, Genesee Capital Advisors LLC grew its stake in shares of Nexstar Media Group by 1.4% in the fourth quarter. Genesee Capital Advisors LLC now owns 5,944 shares of the company’s stock worth $897,000 after purchasing an additional 83 shares during the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

About Nexstar Media Group (Get Rating)

Nexstar Media Group, Inc, a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences.

Further Reading

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

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