Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Dana Zimmer sold 433 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $182.42, for a total value of $78,987.86. Following the completion of the transaction, the insider directly owned 3,777 shares in the company, valued at $689,000.34. The trade was a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Dana Zimmer also recently made the following trade(s):
- On Wednesday, May 27th, Dana Zimmer sold 465 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total value of $87,103.80.
Nexstar Media Group Price Performance
Nexstar Media Group stock opened at $182.02 on Friday. Nexstar Media Group, Inc. has a 12 month low of $164.00 and a 12 month high of $254.30. The stock’s 50 day moving average is $193.11 and its 200-day moving average is $207.52. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 0.45 and a beta of 0.91.
Nexstar Media Group Dividend Announcement
Analysts Set New Price Targets
NXST has been the topic of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Benchmark reduced their price target on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Finally, Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. 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. According to MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Buy” and a consensus target price of $259.67.
View Our Latest Analysis on NXST
Institutional Investors Weigh In On Nexstar Media Group
A number of large investors have recently modified their holdings of NXST. Integrated Wealth Concepts LLC acquired a new stake in shares of Nexstar Media Group in the 1st quarter valued at $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Nexstar Media Group by 49.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after purchasing an additional 5,251 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Nexstar Media Group by 571.4% in the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock valued at $13,020,000 after purchasing an additional 61,830 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Nexstar Media Group by 14.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock valued at $23,802,000 after purchasing an additional 16,637 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Nexstar Media Group in the 1st quarter valued at $654,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
Nexstar Media Group News Summary
Here are the key news stories impacting Nexstar Media Group this week:
- Positive Sentiment: Brokerages currently maintain a consensus Buy rating on Nexstar Media Group, with a Street-average price target well above the stock’s recent trading range, suggesting analysts still see upside. Nexstar Media Group, Inc. (NASDAQ:NXST) Receives Consensus Recommendation of “Buy” from Brokerages
- Positive Sentiment: The company’s recent presentation at the Gabelli Sports & Media Symposium may have helped keep attention on the business and its strategy, which can support investor confidence. Nexstar Media Group, Inc. (NXST) Presents at Gabelli 18th Annual Sports & Media Symposium Transcript
- Neutral Sentiment: Nexstar also recently paid its quarterly dividend, reinforcing the stock’s income profile, though the payout ratio remains elevated and may limit enthusiasm. 3 Value Stocks with Room to Run
- Negative Sentiment: Several insiders, including EVP Lee Ann Gliha, Blake Russell, Gary Weitman, Andrew Alford, Brett Jenkins, Sean Compton, Dana Zimmer, and Lindsey Knapp, sold shares in recent filings. While the company said the transactions were mainly for tax withholding tied to equity vesting, the cluster of sales can still weigh on sentiment. Nexstar Media Group insider trades
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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