Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha Sells 757 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha sold 757 shares of Nexstar Media Group stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $165.25, for a total transaction of $125,094.25. Following the completion of the sale, the executive vice president now owns 12,826 shares in the company, valued at approximately $2,119,496.50. This trade represents a 5.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lee Ann Gliha also recently made the following trade(s):

• On Wednesday, June 4th, Lee Ann Gliha sold 526 shares of Nexstar Media Group stock. The shares were sold at an average price of $167.25, for a total value of $87,973.50.
• On Tuesday, May 27th, Lee Ann Gliha sold 1,437 shares of Nexstar Media Group stock. The stock was sold at an average price of $173.59, for a total value of $249,448.83.

Nexstar Media Group Price Performance

Shares of NXST stock opened at $165.72 on Wednesday. Nexstar Media Group, Inc. has a 1-year low of $141.66 and a 1-year high of $191.86. The stock’s 50-day moving average is $162.41 and its 200 day moving average is $162.04. The company has a market cap of $5.06 billion, a P/E ratio of 8.40, a PEG ratio of 1.24 and a beta of 1.05. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.74 and a quick ratio of 1.74.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.11. Nexstar Media Group had a return on equity of 29.21% and a net margin of 12.21%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $5.16 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Monday, May 19th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

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 the business. Lynx Investment Advisory purchased a new stake in Nexstar Media Group in the first quarter valued at about $311,000. Strs Ohio purchased a new stake in Nexstar Media Group in the first quarter valued at about $1,222,000. WBI Investments LLC purchased a new stake in Nexstar Media Group in the first quarter valued at about $268,000. Acadian Asset Management LLC purchased a new stake in Nexstar Media Group in the first quarter valued at about $654,000. Finally, Geneos Wealth Management Inc. raised its stake in Nexstar Media Group by 86.4% in the first quarter. Geneos Wealth Management Inc. now owns 509 shares of the company’s stock valued at $91,000 after buying an additional 236 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXST has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Loop Capital raised Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Tuesday, May 13th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. Finally, Guggenheim upped their price objective on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.71.

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.