Nexstar Media Group (NASDAQ:NXST) COO Sells $213,755.67 in Stock

Posted by Geri Gentry on Jun 15th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) COO Michael Biard sold 1,227 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $174.21, for a total value of $213,755.67. Following the completion of the sale, the chief operating officer owned 17,105 shares of the company’s stock, valued at $2,979,862.05. The trade was a 6.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Biard also recently made the following trade(s):

On Wednesday, May 27th, Michael Biard sold 989 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $185,259.48.

Nexstar Media Group Price Performance

NASDAQ:NXST traded up $2.20 during mid-day trading on Monday, reaching $176.70. The stock had a trading volume of 61,375 shares, compared to its average volume of 378,550. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.76 and a current ratio of 1.76. Nexstar Media Group, Inc. has a one year low of $164.00 and a one year high of $254.30. The firm has a 50 day moving average price of $191.14 and a two-hundred day moving average price of $207.28. The stock has a market capitalization of $5.40 billion, a P/E ratio of 37.92, a P/E/G ratio of 0.44 and a beta of 0.91.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $1.86 dividend. The ex-dividend date was Friday, May 15th. This represents a $7.44 annualized dividend and a yield of 4.2%. Nexstar Media Group’s payout ratio is presently 159.66%.

Institutional Trading of Nexstar Media Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXST. Dorsal Capital Management LP purchased a new stake in Nexstar Media Group in the third quarter worth $74,152,000. QVT Financial LP lifted its stake in Nexstar Media Group by 200.0% in the fourth quarter. QVT Financial LP now owns 155,281 shares of the company’s stock worth $31,530,000 after acquiring an additional 310,562 shares during the period. AQR Capital Management LLC lifted its stake in Nexstar Media Group by 118.1% in the second quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock worth $93,795,000 after acquiring an additional 294,308 shares during the period. JPMorgan Chase & Co. lifted its stake in Nexstar Media Group by 157.2% in the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock worth $73,960,000 after acquiring an additional 228,603 shares during the period. Finally, Norges Bank purchased a new stake in Nexstar Media Group in the fourth quarter worth $41,474,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Wall Street Zen upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Benchmark lowered their price objective on 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. Wells Fargo & Company lowered their price objective on 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. Finally, Guggenheim boosted their price objective on 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 given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $259.67.

Read Our Latest Report on Nexstar Media Group

Nexstar Media Group Company Profile

(Get Free Report)

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.