Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Blake Russell Sells 2,782 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Blake Russell sold 2,782 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $169.92, for a total transaction of $472,717.44. Following the completion of the sale, the executive vice president now directly owns 22,329 shares in the company, valued at $3,794,143.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nexstar Media Group Stock Performance

NXST stock traded down $0.01 on Friday, hitting $167.65. The company’s stock had a trading volume of 75,407 shares, compared to its average volume of 329,325. The firm has a 50 day moving average of $169.87 and a two-hundred day moving average of $165.71. Nexstar Media Group, Inc. has a 1 year low of $132.30 and a 1 year high of $187.27. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.18 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.92.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, August 8th. The company reported $3.54 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.94). Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $2.64 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Nexstar Media Group, Inc. will post 25.72 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $1.69 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.76 annualized dividend and a yield of 4.03%. Nexstar Media Group’s dividend payout ratio (DPR) is 57.19%.

Wall Street Analyst Weigh In

NXST has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barrington Research reiterated an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a report on Friday, August 9th. Finally, StockNews.com cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.67.

Institutional Trading of Nexstar Media Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in Nexstar Media Group by 41.1% during the 4th quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock worth $46,000 after buying an additional 86 shares during the last quarter. Personal CFO Solutions LLC raised its position in Nexstar Media Group by 7.1% during the 4th quarter. Personal CFO Solutions LLC now owns 3,066 shares of the company’s stock worth $481,000 after buying an additional 202 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Nexstar Media Group during the 4th quarter worth $232,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Nexstar Media Group during the 1st quarter worth $2,111,000. Finally, Vanguard Group Inc. increased its holdings in shares of Nexstar Media Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock valued at $580,689,000 after purchasing an additional 127,783 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.