Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen Sells 2,000 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $169.51, for a total transaction of $339,020.00. Following the completion of the sale, the director now directly owns 4,975 shares of the company’s stock, valued at approximately $843,312.25. The trade was a 28.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Thursday, December 26th, Charles Thomas Mcmillen sold 750 shares of Nexstar Media Group stock. The shares were sold at an average price of $159.93, for a total transaction of $119,947.50.

Nexstar Media Group Trading Down 0.1 %

Shares of NXST stock opened at $169.63 on Thursday. Nexstar Media Group, Inc. has a 12-month low of $146.04 and a 12-month high of $191.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a 50 day moving average of $155.78 and a 200-day moving average of $163.59. The firm has a market cap of $5.26 billion, a P/E ratio of 9.81, a PEG ratio of 0.45 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Sell-side analysts anticipate that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $1.86 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 4.39%. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio is currently 34.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NXST shares. Barrington Research restated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday. Benchmark boosted their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Guggenheim boosted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 28th. StockNews.com lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Loop Capital raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $190.00 to $200.00 in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.29.

Institutional Trading of Nexstar Media Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Nexstar Media Group in the fourth quarter worth approximately $6,496,000. Jefferies Financial Group Inc. purchased a new stake in shares of Nexstar Media Group during the fourth quarter valued at approximately $2,086,000. Integrated Advisors Network LLC boosted its stake in shares of Nexstar Media Group by 9.6% during the fourth quarter. Integrated Advisors Network LLC now owns 1,461 shares of the company’s stock valued at $231,000 after purchasing an additional 128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Nexstar Media Group by 12.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,172 shares of the company’s stock valued at $18,352,000 after acquiring an additional 12,695 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $7,075,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

About Nexstar Media Group

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.