Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook Sells 52,808 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 52,808 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total value of $8,312,507.28. Following the transaction, the chief executive officer now directly owns 674,694 shares of the company’s stock, valued at approximately $106,203,582.54. This trade represents a 7.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nexstar Media Group Price Performance

NASDAQ:NXST opened at $158.22 on Tuesday. Nexstar Media Group, Inc. has a 12-month low of $147.25 and a 12-month high of $191.86. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.20 and a beta of 1.45. The stock’s 50 day moving average price is $169.32 and its two-hundred day moving average price is $167.41. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. On average, analysts anticipate that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NXST shares. Benchmark restated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Loop Capital downgraded Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $190.00 in a research report on Friday, November 8th. Guggenheim reduced their price target on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CX Institutional lifted its position in Nexstar Media Group by 5.0% during the third quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after acquiring an additional 67 shares during the last quarter. Blue Trust Inc. lifted its holdings in Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock worth $181,000 after purchasing an additional 74 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in Nexstar Media Group by 0.6% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after purchasing an additional 87 shares during the last quarter. Natixis Advisors LLC boosted its stake in Nexstar Media Group by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after purchasing an additional 117 shares during the period. Finally, Quarry LP grew its holdings in Nexstar Media Group by 77.8% in the 2nd quarter. Quarry LP now owns 297 shares of the company’s stock valued at $49,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds 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.