Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Sells $8,312,507.28 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 52,808 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $157.41, for a total value of $8,312,507.28. Following the completion of the transaction, the chief executive officer now owns 674,694 shares in the company, valued at $106,203,582.54. The trade was a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nexstar Media Group Stock Down 0.2 %

NXST stock traded down $0.27 during trading on Monday, reaching $158.22. 378,744 shares of the company traded hands, compared to its average volume of 336,432. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The business has a 50 day simple moving average of $169.52 and a 200 day simple moving average of $167.40. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm earned $0.70 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.27%. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NXST shares. Loop Capital lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $190.00 in a report on Friday, November 8th. Guggenheim decreased their target price on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.29.

Institutional Investors Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXST. Brooklyn Investment Group acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $25,000. Whittier Trust Co. purchased a new stake in Nexstar Media Group during the 2nd quarter worth approximately $27,000. True Wealth Design LLC acquired a new position in Nexstar Media Group during the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Nexstar Media Group during the third quarter worth $33,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Nexstar Media Group by 3,700.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after buying an additional 259 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

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.