Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Sean Compton sold 840 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total transaction of $143,480.40. Following the completion of the sale, the insider directly owned 14,430 shares of the company’s stock, valued at $2,464,788.30. The trade was a 5.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sean Compton also recently made the following trade(s):
- On Wednesday, June 10th, Sean Compton sold 875 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total transaction of $154,367.50.
- On Thursday, June 4th, Sean Compton sold 414 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $75,521.88.
- On Wednesday, May 27th, Sean Compton sold 445 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $83,357.40.
- On Tuesday, May 19th, Sean Compton sold 5,000 shares of Nexstar Media Group stock. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00.
Nexstar Media Group Stock Down 0.1%
Shares of Nexstar Media Group stock traded down $0.18 on Tuesday, hitting $172.11. The company had a trading volume of 347,259 shares, compared to its average volume of 321,549. The firm has a market capitalization of $5.26 billion, a P/E ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. Nexstar Media Group, Inc. has a twelve month low of $164.00 and a twelve month 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 50-day moving average of $190.81 and a 200-day moving average of $207.01.
Nexstar Media Group Dividend Announcement
Wall Street Analysts Forecast Growth
NXST has been the subject of several recent research reports. Guggenheim increased their target price 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. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company reduced their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating for the company in a report on Friday, May 8th. 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 report on Monday, April 6th. Finally, Barrington Research restated an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Nexstar Media Group has an average rating of “Buy” and a consensus target price of $259.67.
Read Our Latest Report on Nexstar Media Group
Institutional Trading of Nexstar Media Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp raised its position in Nexstar Media Group by 2,573.4% during the fourth quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after acquiring an additional 134,871 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Nexstar Media Group by 3,648.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock valued at $13,197,000 after purchasing an additional 63,261 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nexstar Media Group by 157.2% in the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock valued at $73,960,000 after purchasing an additional 228,603 shares during the period. Geode Capital Management LLC raised its position in shares of Nexstar Media Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock valued at $157,114,000 after purchasing an additional 13,084 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Nexstar Media Group by 2.0% in the third quarter. Victory Capital Management Inc. now owns 296,200 shares of the company’s stock valued at $58,571,000 after purchasing an additional 5,762 shares during the period. 95.30% of the stock is owned by institutional investors.
Nexstar Media Group News Summary
Here are the key news stories impacting Nexstar Media Group this week:
- Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
- Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
- Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
- Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert
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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