Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Dan Lanzano sold 237 shares of Nexstar Media Group stock in a transaction on Monday, May 18th. The stock was sold at an average price of $196.37, for a total transaction of $46,539.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Nexstar Media Group Trading Up 0.4%
NXST stock opened at $189.39 on Thursday. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. The company has a fifty day moving average price of $204.54 and a two-hundred day moving average price of $208.20. Nexstar Media Group, Inc. has a one year low of $164.00 and a one year high of $254.30. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 0.57 and a beta of 0.97.
Nexstar Media Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 15th. Nexstar Media Group’s payout ratio is 159.66%.
Hedge Funds Weigh In On Nexstar Media Group
Analyst Ratings Changes
NXST has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Benchmark reduced their target price on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barrington Research reissued an “outperform” rating and issued a $290.00 target price on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Finally, Guggenheim boosted their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group presently has a consensus rating of “Buy” and a consensus target price of $259.67.
Check Out Our Latest Research Report on Nexstar Media Group
About Nexstar Media Group
Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.
Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.
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