Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) EVP Lee Ann Gliha sold 742 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $187.32, for a total value of $138,991.44. Following the completion of the sale, the executive vice president directly owned 17,988 shares in the company, valued at approximately $3,369,512.16. The trade was a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nexstar Media Group Stock Performance
NASDAQ:NXST opened at $178.43 on Friday. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. Nexstar Media Group, Inc. has a 1 year low of $164.00 and a 1 year high of $254.30. The stock’s 50 day simple moving average is $197.31 and its two-hundred day simple moving average is $207.72. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 0.47 and a beta of 0.97.
Nexstar Media Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $1.86 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 dividend on an annualized basis and a yield of 4.2%. Nexstar Media Group’s payout ratio is presently 159.66%.
Analyst Ratings Changes
Check Out Our Latest Analysis on NXST
Hedge Funds Weigh In On Nexstar Media Group
Large investors have recently modified their holdings of the stock. Torren Management LLC bought a new position in shares of Nexstar Media Group during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Nexstar Media Group during the 3rd quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in Nexstar Media Group in the 3rd quarter valued at $31,000. WPG Advisers LLC grew its position in Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Nexstar Media Group by 164.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.
Nexstar Media Group Company Profile
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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