Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells $119,947.50 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $159.93, for a total value of $119,947.50. Following the completion of the transaction, the director now directly owns 6,975 shares of the company’s stock, valued at approximately $1,115,511.75. This represents a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $159.14 on Monday. The firm has a market capitalization of $4.94 billion, a PE ratio of 9.20, a P/E/G ratio of 0.20 and a beta of 1.45. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a 50-day moving average price of $168.39 and a two-hundred day moving average price of $167.47. Nexstar Media Group, Inc. has a twelve month low of $147.25 and a twelve month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released 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). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. Equities analysts forecast that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.69 per share. The ex-dividend date was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its position in shares of Nexstar Media Group by 5.0% in the third quarter. CX Institutional now owns 1,396 shares of the company’s stock valued at $231,000 after acquiring an additional 67 shares during the period. Blue Trust Inc. lifted its stake in Nexstar Media Group by 7.3% in the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock worth $181,000 after purchasing an additional 74 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Nexstar Media Group by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after purchasing an additional 117 shares during the period. Quarry LP boosted its holdings in Nexstar Media Group by 77.8% in the 2nd quarter. Quarry LP now owns 297 shares of the company’s stock valued at $49,000 after purchasing an additional 130 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Nexstar Media Group during the 3rd quarter valued at $25,000. Institutional investors own 95.30% of the company’s stock.

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.