Nexstar Media Group (NASDAQ:NXST) Hits New 12-Month Low – What’s Next?

Nexstar Media Group, Inc. (NASDAQ:NXST)’s share price reached a new 52-week low on Monday . The stock traded as low as $147.13 and last traded at $149.10, with a volume of 10839 shares trading hands. The stock had previously closed at $149.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. Guggenheim reaffirmed a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Finally, StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.29.

Nexstar Media Group Stock Up 1.5 %

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 firm’s 50-day simple moving average is $155.72 and its two-hundred day simple moving average is $163.57. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $1.86 dividend. The ex-dividend date is Wednesday, February 12th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a dividend yield of 4.90%. Nexstar Media Group’s dividend payout ratio is 43.03%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 875 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $172.00, for a total transaction of $150,500.00. Following the completion of the transaction, the director now directly owns 5,752 shares of the company’s stock, valued at $989,344. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Perry A. Sook sold 35,205 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $162.13, for a total value of $5,707,786.65. Following the completion of the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at $109,388,138.22. This trade represents a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,493 shares of company stock valued at $20,354,366 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Nexstar Media Group during the fourth quarter worth $25,000. True Wealth Design LLC purchased a new stake in shares of Nexstar Media Group during the third quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Nexstar Media Group in the 3rd quarter valued at $33,000. Finally, Capital Performance Advisors LLP purchased a new position in Nexstar Media Group in the 3rd quarter worth about $44,000. 95.30% of the stock is currently owned by 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.