John R. Muse Sells 365 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXSTGet Free Report) Director John R. Muse sold 365 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $160.00, for a total value of $58,400.00. Following the completion of the sale, the director now owns 27,613 shares of the company’s stock, valued at $4,418,080. The sale was disclosed in a filing with the SEC, which is available at this link.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $156.74 on Friday. The firm has a market cap of $5.15 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.57 and a beta of 1.48. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.80 and a quick ratio of 1.80. Nexstar Media Group, Inc. has a 1-year low of $132.30 and a 1-year high of $187.32. The firm has a fifty day moving average of $164.97 and a two-hundred day moving average of $163.32.

Nexstar Media Group (NASDAQ:NXSTGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.28 by $0.88. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Nexstar Media Group had a net margin of 8.29% and a return on equity of 17.18%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS. As a group, research analysts anticipate that Nexstar Media Group, Inc. will post 27.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $1.69 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.76 annualized dividend and a dividend yield of 4.31%. Nexstar Media Group’s payout ratio is 57.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NXST. Rosenblatt Securities lowered their target price on Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Benchmark reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Nexstar Media Group in a research report on Friday, May 10th. Loop Capital upgraded shares of Nexstar Media Group to a “strong-buy” rating in a research note on Friday, May 10th. Wells Fargo & Company upgraded shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $221.00 in a research note on Monday, May 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Thursday, May 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Get Our Latest Stock Analysis on Nexstar Media Group

Institutional Investors Weigh In On Nexstar Media Group

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Nexstar Media Group by 632.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 177 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of Nexstar Media Group during the fourth quarter worth $33,000. SRS Capital Advisors Inc. raised its holdings in shares of Nexstar Media Group by 350.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock worth $37,000 after purchasing an additional 186 shares during the period. OLD Second National Bank of Aurora bought a new position in shares of Nexstar Media Group in the 4th quarter worth about $45,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Nexstar Media Group by 41.1% in the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after buying an additional 86 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

(Get Free Report)

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.

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