Andrew Alford Sells 605 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by George Bondi on Jun 3rd, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Andrew Alford sold 605 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $185.33, for a total transaction of $112,124.65. Following the completion of the transaction, the insider directly owned 11,689 shares of the company’s stock, valued at approximately $2,166,322.37. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew Alford also recently made the following trade(s):

On Wednesday, May 27th, Andrew Alford sold 395 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $73,991.40.

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $181.20 on Wednesday. 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 firm has a 50-day moving average of $196.53 and a two-hundred day moving average of $207.77. The stock has a market cap of $5.53 billion, a P/E ratio of 38.88, a PEG ratio of 0.46 and a beta of 0.91. Nexstar Media Group, Inc. has a 1-year low of $164.00 and a 1-year high of $254.30.

Nexstar Media Group Announces Dividend

The company 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. This represents a $7.44 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Hedge Funds Weigh In On Nexstar Media Group

Several large investors have recently modified their holdings of NXST. Torren Management LLC bought a new position in Nexstar Media Group in the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new position in Nexstar Media Group in the third quarter worth about $28,000. WPG Advisers LLC lifted 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 acquiring an additional 71 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Nexstar Media Group by 164.5% in the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the last quarter. Finally, State of Wyoming bought a new position in Nexstar Media Group in the second quarter worth about $54,000. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $252.00 to $220.00 in a research report 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 research report on Tuesday, April 28th. 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 research report on Friday, February 27th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $259.67.

Check Out Our Latest Analysis on NXST

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.