Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Andrew Alford Sells 3,768 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Andrew Alford sold 3,768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the sale, the insider now directly owns 5,405 shares of the company’s stock, valued at $983,601.90. The trade was a 41.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nexstar Media Group Price Performance

Shares of NXST opened at $179.49 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 cap of $5.48 billion, a P/E ratio of 10.38, a PEG ratio of 0.45 and a beta of 1.47. Nexstar Media Group, Inc. has a 12 month low of $146.04 and a 12 month high of $191.86. The stock has a fifty day moving average price of $161.89 and a 200 day moving average price of $164.49.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, research analysts forecast that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $1.86 dividend. This is a boost from Nexstar Media Group’s previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.15%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 34.56%.

Institutional Trading of Nexstar Media Group

Several hedge funds have recently added to or reduced their stakes in NXST. Wellington Management Group LLP bought a new stake in shares of Nexstar Media Group during the fourth quarter valued at about $2,370,000. TFR Capital LLC. bought a new stake in shares of Nexstar Media Group during the 4th quarter worth about $254,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nexstar Media Group during the 4th quarter worth about $6,496,000. Jefferies Financial Group Inc. acquired a new stake in shares of Nexstar Media Group in the 4th quarter worth approximately $2,086,000. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Nexstar Media Group by 9.6% in the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company’s stock valued at $231,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark raised their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Loop Capital raised Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $200.00 in a report on Friday, February 28th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. Finally, Guggenheim raised their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. 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, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $208.43.

About Nexstar Media Group

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.