Gary Weitman Sells 192 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXSTGet Rating) insider Gary Weitman sold 192 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $191.07, for a total value of $36,685.44. Following the completion of the sale, the insider now owns 3,216 shares of the company’s stock, valued at $614,481.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gary Weitman also recently made the following trade(s):

  • On Tuesday, June 28th, Gary Weitman sold 3,202 shares of Nexstar Media Group stock. The stock was sold at an average price of $168.20, for a total value of $538,576.40.

Nexstar Media Group Stock Performance

Shares of NASDAQ NXST opened at $179.51 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 2.48. The business’s 50 day moving average is $190.78 and its two-hundred day moving average is $178.51. The company has a market cap of $7.25 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.71 and a beta of 1.47. Nexstar Media Group, Inc. has a 12 month low of $139.69 and a 12 month high of $204.62.

Nexstar Media Group (NASDAQ:NXSTGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $5.56 EPS for the quarter, topping the consensus estimate of $5.46 by $0.10. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Nexstar Media Group had a return on equity of 32.36% and a net margin of 18.79%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.51 EPS. On average, equities analysts expect that Nexstar Media Group, Inc. will post 26.28 EPS for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, August 10th. Nexstar Media Group’s dividend payout ratio is currently 16.64%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barrington Research boosted their target price on Nexstar Media Group to $240.00 in a report on Monday, August 15th. Rosenblatt Securities upgraded Nexstar Media Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $181.00 to $246.00 in a report on Tuesday, September 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $223.43.

Institutional Trading of Nexstar Media Group

A number of institutional investors and hedge funds have recently modified their holdings of NXST. Raymond James Financial Services Advisors Inc. increased its position 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 purchasing an additional 60 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of Nexstar Media Group during the fourth quarter valued at approximately $1,733,000. Charles Schwab Investment Management Inc. increased its position in shares of Nexstar Media Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,287 shares of the company’s stock valued at $48,206,000 after purchasing an additional 2,154 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Nexstar Media Group by 23.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,238 shares of the company’s stock valued at $489,000 after purchasing an additional 608 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Nexstar Media Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 667,764 shares of the company’s stock valued at $100,860,000 after purchasing an additional 3,997 shares during the period. 92.01% of the stock is currently owned by 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.

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

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