Nexstar Media Group, Inc. $NXST Shares Sold by First Trust Advisors LP

Posted by George Bondi on Jul 30th, 2026

First Trust Advisors LP lowered its holdings in shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Free Report) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,577 shares of the company’s stock after selling 10,438 shares during the period. First Trust Advisors LP’s holdings in Nexstar Media Group were worth $18,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. QVT Financial LP boosted its stake in shares of Nexstar Media Group by 200.0% during the fourth quarter. QVT Financial LP now owns 155,281 shares of the company’s stock worth $31,530,000 after buying an additional 310,562 shares during the period. AQR Capital Management LLC increased its position in Nexstar Media Group by 118.1% in the 2nd quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock valued at $93,795,000 after acquiring an additional 294,308 shares during the period. Norges Bank acquired a new position in Nexstar Media Group in the 4th quarter valued at about $41,474,000. Alliancebernstein L.P. raised its stake in Nexstar Media Group by 27.1% during the 2nd quarter. Alliancebernstein L.P. now owns 882,322 shares of the company’s stock valued at $152,598,000 after acquiring an additional 187,864 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Nexstar Media Group by 104.2% during the 4th quarter. Millennium Management LLC now owns 319,376 shares of the company’s stock valued at $64,849,000 after acquiring an additional 162,963 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Research cut Nexstar Media Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup upgraded 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 research note on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, April 28th. Finally, Benchmark lowered their price objective on shares of 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. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.67.

Get Our Latest Analysis on Nexstar Media Group

Nexstar Media Group Trading Up 1.6%

NASDAQ NXST opened at $196.94 on Thursday. The stock has a market capitalization of $6.01 billion, a P/E ratio of 42.26, a P/E/G ratio of 0.52 and a beta of 0.91. Nexstar Media Group, Inc. has a 52-week low of $154.47 and a 52-week high of $254.30. The firm has a 50-day moving average price of $178.52 and a 200 day moving average price of $201.79. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53.

Insider Buying and Selling

In other Nexstar Media Group news, CEO Perry A. Sook bought 12,235 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of $162.26 per share, for a total transaction of $1,985,251.10. Following the transaction, the chief executive officer owned 899,044 shares of the company’s stock, valued at approximately $145,878,879.44. This trade represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Blake Russell sold 261 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $44,581.41. Following the transaction, the executive vice president directly owned 28,296 shares of the company’s stock, valued at approximately $4,833,239.76. This trade represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 22,813 shares of company stock worth $4,174,731 in the last three months. Company insiders own 7.00% of the company’s stock.

About Nexstar Media Group

(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.