Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells $151,730.00 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $151.73, for a total value of $151,730.00. Following the transaction, the director now directly owns 5,535 shares in the company, valued at approximately $839,825.55. This trade represents a 15.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Wednesday, March 5th, Charles Thomas Mcmillen sold 2,000 shares of Nexstar Media Group stock. The stock was sold at an average price of $169.51, for a total transaction of $339,020.00.

Nexstar Media Group Trading Down 1.7 %

NASDAQ:NXST traded down $3.04 during trading hours on Friday, reaching $176.45. 410,199 shares of the company were exchanged, compared to its average volume of 350,917. The stock has a 50 day simple moving average of $161.89 and a 200 day simple moving average of $164.49. Nexstar Media Group, Inc. has a 52-week low of $146.04 and a 52-week high of $191.86. 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 has a market cap of $5.38 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Wednesday, February 12th. Nexstar Media Group’s dividend payout ratio is presently 34.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Friday, February 28th. Guggenheim raised their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. StockNews.com downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. 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 research note on Friday, February 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus target price of $208.43.

Institutional Trading of Nexstar Media Group

A number of hedge funds and other institutional investors have recently modified their holdings of NXST. Wealth Enhancement Advisory Services LLC grew its holdings in Nexstar Media Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company’s stock worth $1,073,000 after acquiring an additional 68 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Nexstar Media Group by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after purchasing an additional 73 shares during the period. Mariner LLC grew its holdings in Nexstar Media Group by 5.3% in the 4th quarter. Mariner LLC now owns 2,300 shares of the company’s stock worth $363,000 after buying an additional 115 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Nexstar Media Group by 7.3% in the fourth quarter. Focus Partners Wealth now owns 1,726 shares of the company’s stock worth $273,000 after purchasing an additional 117 shares in the last quarter. Finally, Davis Capital Management increased its stake in Nexstar Media Group by 2.0% during the 4th quarter. Davis Capital Management now owns 6,270 shares of the company’s stock valued at $990,000 after buying an additional 122 shares during the period. 95.30% of the stock is 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.