Insider Selling: Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells 500 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Bernadette S. Aulestia sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total transaction of $82,225.00. Following the sale, the director now owns 2,000 shares in the company, valued at $328,900. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $164.60 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $5.11 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.20 and a beta of 1.45. The company’s 50-day simple moving average is $170.11 and its two-hundred day simple moving average is $167.33. Nexstar Media Group, Inc. has a one year low of $147.25 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company posted $0.70 EPS. Nexstar Media Group’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $1.69 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.11%. Nexstar Media Group’s payout ratio is presently 39.10%.

Institutional Investors Weigh In On Nexstar Media Group

Several hedge funds have recently modified their holdings of NXST. Tidal Investments LLC lifted its position in Nexstar Media Group by 57.8% during the third quarter. Tidal Investments LLC now owns 3,217 shares of the company’s stock valued at $532,000 after acquiring an additional 1,178 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Nexstar Media Group during the third quarter valued at approximately $33,000. World Investment Advisors LLC purchased a new stake in Nexstar Media Group during the third quarter valued at approximately $3,747,000. TD Private Client Wealth LLC lifted its position in Nexstar Media Group by 22.0% during the third quarter. TD Private Client Wealth LLC now owns 964 shares of the company’s stock valued at $159,000 after acquiring an additional 174 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Nexstar Media Group by 39.1% during the third quarter. Sunbelt Securities Inc. now owns 1,092 shares of the company’s stock valued at $181,000 after acquiring an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Guggenheim cut their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $190.00 in a report on Friday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average target price of $204.29.

Nexstar Media Group Company Profile

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.