Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook Sells 12,239 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 12,239 shares of Nexstar Media Group stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $190.28, for a total transaction of $2,328,836.92. Following the transaction, the chief executive officer now owns 674,694 shares of the company’s stock, valued at $128,380,774.32. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nexstar Media Group Trading Up 0.1 %

NASDAQ NXST opened at $166.18 on Friday. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.19 and a beta of 1.48. The business’s fifty day moving average is $168.61 and its 200-day moving average is $167.11. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group, Inc. has a one year low of $141.38 and a one year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. Equities research analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $1.69 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 4.07%. Nexstar Media Group’s payout ratio is presently 39.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Nexstar Media Group by 3.9% during the first quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after purchasing an additional 127,783 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in Nexstar Media Group in the 2nd quarter worth approximately $570,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Nexstar Media Group by 17.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 98,272 shares of the company’s stock valued at $16,932,000 after buying an additional 14,574 shares in the last quarter. Bessemer Group Inc. raised its holdings in Nexstar Media Group by 24.3% during the 1st quarter. Bessemer Group Inc. now owns 81,875 shares of the company’s stock valued at $14,106,000 after acquiring an additional 15,982 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Nexstar Media Group by 72.0% during the 2nd quarter. AQR Capital Management LLC now owns 199,811 shares of the company’s stock valued at $32,769,000 after acquiring an additional 83,637 shares during the period. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NXST shares. Wells Fargo & Company cut their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Guggenheim reduced their target price on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Nexstar Media Group currently has an average rating of “Moderate Buy” and an average target price of $198.50.

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.