Nexstar Media Group (NASDAQ:NXST) Insider Sean Compton Sells 5,000 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Sean Compton sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the sale, the insider directly owned 11,252 shares in the company, valued at $2,205,392. The trade was a 30.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nexstar Media Group Trading Down 4.0%

Shares of NXST stock opened at $188.63 on Wednesday. The company’s fifty day simple moving average is $205.69 and its two-hundred day simple moving average is $208.25. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. Nexstar Media Group, Inc. has a 1 year low of $164.00 and a 1 year high of $254.30. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 0.59 and a beta of 0.97.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $7.44 annualized dividend and a dividend yield of 3.9%. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXST. Torren Management LLC purchased a new position in Nexstar Media Group in the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new position in Nexstar Media Group in the third quarter worth $28,000. Root Financial Partners LLC purchased a new position in Nexstar Media Group in the third quarter worth $31,000. WPG Advisers LLC grew its position in Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in Nexstar Media Group by 164.5% in the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXST has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $252.00 to $220.00 in a report on Friday, April 10th. Benchmark decreased their price target on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $259.67.

Nexstar Media Group Company Profile

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.