Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) EVP Blake Russell sold 239 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $176.42, for a total transaction of $42,164.38. Following the completion of the sale, the executive vice president directly owned 27,901 shares of the company’s stock, valued at $4,922,294.42. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Blake Russell also recently made the following trade(s):
- On Thursday, June 4th, Blake Russell sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $58,191.98.
- On Wednesday, May 27th, Blake Russell sold 185 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,654.20.
Nexstar Media Group Stock Performance
Shares of NASDAQ:NXST traded up $1.11 on Thursday, reaching $174.52. The company’s stock had a trading volume of 342,542 shares, compared to its average volume of 381,985. The stock’s 50-day moving average is $191.36 and its two-hundred day moving average is $207.47. Nexstar Media Group, Inc. has a 52-week low of $164.00 and a 52-week high of $254.30. 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 stock has a market capitalization of $5.33 billion, a P/E ratio of 37.45, a PEG ratio of 0.45 and a beta of 0.91.
Nexstar Media Group Dividend Announcement
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC grew its holdings in Nexstar Media Group by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 3,103 shares of the company’s stock worth $630,000 after acquiring an additional 51 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Nexstar Media Group by 1.6% in the 4th quarter. Merit Financial Group LLC now owns 3,571 shares of the company’s stock valued at $725,000 after buying an additional 56 shares during the period. Truist Financial Corp boosted its holdings in shares of Nexstar Media Group by 5.2% in the 4th quarter. Truist Financial Corp now owns 1,139 shares of the company’s stock valued at $231,000 after buying an additional 56 shares during the period. WPG Advisers LLC boosted its holdings in shares of 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 buying an additional 71 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Nexstar Media Group by 15.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 589 shares of the company’s stock valued at $102,000 after buying an additional 80 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Nexstar Media Group News Summary
Here are the key news stories impacting Nexstar Media Group this week:
- Neutral Sentiment: Director Charles Thomas McMillen sold 1,000 shares, and the filing says the transaction was for tax withholding related to equity award vesting. Nexstar Media Group insider filing
- Neutral Sentiment: Multiple other insiders also sold shares at the same $176.42 price level, including Andrew Alford, Sean Compton, Dana Zimmer, Lee Ann Gliha, and Blake Russell, all citing tax-withholding obligations. Nexstar Media Group insider filing
- Neutral Sentiment: Recent reporting also highlighted that NXST has fallen over the past month and remains below key moving averages, signaling continued technical weakness. Nexstar Media Group stock down article
- Neutral Sentiment: The company’s dividend yield remains attractive, but the payout ratio is elevated, which may limit enthusiasm among income-focused investors. Nexstar Media Group stock page
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on NXST shares. Guggenheim increased their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Barrington Research reissued an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $252.00 to $220.00 in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $259.67.
Get Our Latest Report on Nexstar Media Group
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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