Nexstar Media Group (NASDAQ:NXST) Stock Price Down 5.3% – Here’s Why

Posted by Francis Steltz on Aug 11th, 2026

Shares of Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) traded down 5.3% during trading on Tuesday . The company traded as low as $182.11 and last traded at $181.5810. 87,154 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 390,848 shares. The stock had previously closed at $191.73.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NXST. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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. Zacks Research cut shares of Nexstar Media Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Wells Fargo & Company lowered their price target on shares of Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wall Street Zen cut Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

Read Our Latest Report on Nexstar Media Group

Nexstar Media Group Stock Down 5.9%

The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 0.52 and a beta of 0.91. 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 fifty day moving average of $179.45 and a two-hundred day moving average of $200.63.

Nexstar Media Group (NASDAQ:NXST – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 24.26% and a net margin of 3.20%.The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The firm’s quarterly revenue was up 62.2% compared to the same quarter last year. Sell-side analysts anticipate that Nexstar Media Group, Inc. will post 37.46 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 14th. Nexstar Media Group’s payout ratio is currently 142.80%.

Insiders Place Their Bets

In other Nexstar Media Group news, insider Dana Zimmer sold 876 shares of the 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 $149,629.56. Following the completion of the sale, the insider owned 5,800 shares of the company’s stock, valued at approximately $990,698. This represents a 13.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Blake Russell sold 261 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total transaction of $44,581.41. Following the completion of the sale, the executive vice president directly owned 28,296 shares in the company, valued at approximately $4,833,239.76. This 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 sold a total of 22,813 shares of company stock valued at $4,174,731 over the last three months. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC lifted its stake 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 purchasing an additional 56 shares during the period. Truist Financial Corp increased its holdings in Nexstar Media Group by 5.2% in the fourth quarter. Truist Financial Corp now owns 1,139 shares of the company’s stock worth $231,000 after purchasing an additional 56 shares in the last quarter. WPG Advisers LLC increased its holdings in Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after purchasing an additional 71 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Nexstar Media Group by 15.7% in the second 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. Finally, HighTower Advisors LLC lifted its stake in Nexstar Media Group by 3.2% in the fourth quarter. HighTower Advisors LLC now owns 2,975 shares of the company’s stock valued at $604,000 after buying an additional 93 shares during the period. 95.30% of the stock is owned by institutional investors.

About Nexstar Media Group

(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.