Brett Jenkins Sells 397 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by Stanley Muller on Jun 5th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) insider Brett Jenkins sold 397 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $182.42, for a total transaction of $72,420.74. Following the sale, the insider directly owned 27,977 shares in the company, valued at $5,103,564.34. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brett Jenkins also recently made the following trade(s):

On Wednesday, May 27th, Brett Jenkins sold 229 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $42,896.28.

Nexstar Media Group Price Performance

Shares of NXST traded up $1.01 during mid-day trading on Friday, hitting $182.02. 207,222 shares of the company traded hands, compared to its average volume of 333,002. Nexstar Media Group, Inc. has a one year low of $164.00 and a one year high of $254.30. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53. The business has a 50-day moving average of $193.11 and a 200 day moving average of $207.52. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 0.45 and a beta of 0.91.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s dividend payout ratio is 159.66%.

Wall Street Analysts Forecast Growth

NXST has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $252.00 to $220.00 in a research note on Friday, April 10th. Guggenheim increased their price objective on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $259.67.

Check Out Our Latest Research Report on Nexstar Media Group

Hedge Funds Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently bought and sold shares of NXST. Allianz Asset Management GmbH raised its holdings in Nexstar Media Group by 43.1% in the third quarter. Allianz Asset Management GmbH now owns 279,336 shares of the company’s stock worth $55,236,000 after purchasing an additional 84,163 shares during the period. Advisors Asset Management Inc. raised its holdings in Nexstar Media Group by 19.9% in the third quarter. Advisors Asset Management Inc. now owns 27,849 shares of the company’s stock worth $5,507,000 after purchasing an additional 4,616 shares during the period. Alps Advisors Inc. raised its holdings in Nexstar Media Group by 2,272.2% in the third quarter. Alps Advisors Inc. now owns 49,460 shares of the company’s stock worth $9,780,000 after purchasing an additional 47,375 shares during the period. M&T Bank Corp raised its holdings in Nexstar Media Group by 2,573.4% in the fourth quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after purchasing an additional 134,871 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Nexstar Media Group by 5.2% in the third quarter. Envestnet Asset Management Inc. now owns 93,334 shares of the company’s stock worth $18,456,000 after purchasing an additional 4,609 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.