Michael Biard Sells 2,465 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Posted by Brenda Bartman on Aug 26th, 2026

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) COO Michael Biard sold 2,465 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $185.82, for a total value of $458,046.30. Following the completion of the transaction, the chief operating officer owned 20,890 shares in the company, valued at $3,881,779.80. This represents a 10.55% 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 this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Biard also recently made the following trade(s):

On Friday, June 12th, Michael Biard sold 1,227 shares of Nexstar Media Group stock. The shares were sold at an average price of $174.21, for a total value of $213,755.67.
On Wednesday, May 27th, Michael Biard sold 989 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $185,259.48.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $189.39 on Wednesday. The firm has a market capitalization of $5.84 billion, a P/E ratio of 36.35 and a beta of 0.91. Nexstar Media Group, Inc. has a 1 year low of $154.47 and a 1 year high of $254.30. The business has a 50-day moving average of $181.49 and a 200-day moving average of $198.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 5.09.

Nexstar Media Group (NASDAQ:NXST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $5.98 by ($2.37). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. The business’s revenue was up 62.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. On average, equities analysts anticipate that Nexstar Media Group, Inc. will post 32.88 EPS for the current year.

Nexstar Media Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 142.80%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXST. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Barrington Research reissued an “outperform” rating and issued a $290.00 target price on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Wells Fargo & Company decreased their target price on Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Finally, Wall Street Zen cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.00.

Read Our Latest Research Report on NXST

Institutional Trading of Nexstar Media Group

A number of institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Nexstar Media Group in the 1st quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Nexstar Media Group by 49.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock valued at $2,844,000 after acquiring an additional 5,251 shares in the last quarter. Millennium Management LLC boosted its position in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after acquiring an additional 61,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after acquiring an additional 16,637 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Nexstar Media Group during the 1st quarter worth approximately $654,000. 95.30% of the stock is currently owned by institutional investors.

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.