Nexstar Media Group (NASDAQ:NXST) CEO Purchases $1,985,251.10 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) CEO Perry Sook bought 12,235 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 899,044 shares of the company’s stock, valued at $145,878,879.44. This represents a 1.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nexstar Media Group Stock Performance

Shares of NXST opened at $181.37 on Thursday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53. The business has a 50-day simple moving average of $185.66 and a two-hundred day simple moving average of $204.92. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 0.45 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.

Get Nexstar Media Group alerts:

Nexstar Media Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NXST shares. 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. Benchmark reduced their price objective on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Zacks Research upgraded shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded 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 lowered 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 note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $259.67.

Check Out Our Latest Stock Analysis on NXST

Hedge Funds Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently modified their holdings of NXST. CWA Asset Management Group LLC increased its holdings in Nexstar Media Group by 1.7% in the 4th quarter. CWA Asset Management Group LLC now owns 3,103 shares of the company’s stock valued at $630,000 after acquiring an additional 51 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Nexstar Media Group by 1.6% in the fourth quarter. Merit Financial Group LLC now owns 3,571 shares of the company’s stock worth $725,000 after purchasing an additional 56 shares during the last quarter. Truist Financial Corp lifted its position in shares of 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 buying an additional 56 shares in the last quarter. WPG Advisers LLC boosted its stake in Nexstar Media Group by 65.7% during the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after buying an additional 71 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Nexstar Media Group by 15.7% during 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 last quarter. Institutional investors own 95.30% of the company’s stock.

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.

Featured Stories

• Five stocks we like better than Nexstar Media Group
• AirJoule Unveils Prime System, Clearing Path to Commercialization
• Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
• Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.