Nexstar Media Group (NASDAQ:NXST) Insider Brett Jenkins Sells 301 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Brett Jenkins sold 301 shares of Nexstar Media Group stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $51,413.81. Following the completion of the transaction, the insider directly owned 28,798 shares in the company, valued at $4,918,986.38. This represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brett Jenkins also recently made the following trade(s):

• On Wednesday, June 10th, Brett Jenkins sold 284 shares of Nexstar Media Group stock. The stock was sold at an average price of $176.42, for a total value of $50,103.28.
• On Thursday, June 4th, Brett Jenkins sold 397 shares of Nexstar Media Group stock. The stock was sold at an average price of $182.42, for a total value of $72,420.74.
• On Wednesday, May 27th, Brett Jenkins sold 229 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $42,896.28.

Nexstar Media Group Stock Down 0.1%

NASDAQ NXST traded down $0.18 during trading on Tuesday, reaching $172.11. 347,259 shares of the company’s stock were exchanged, compared to its average volume of 321,549. The firm has a market capitalization of $5.26 billion, a PE ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53. Nexstar Media Group, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $254.30. The company’s fifty day simple moving average is $190.81 and its 200-day simple moving average is $207.01.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $1.86 dividend. The ex-dividend date was Friday, May 15th. This represents a $7.44 dividend on an annualized basis and a yield of 4.3%. Nexstar Media Group’s payout ratio is 159.66%.

More Nexstar Media Group News

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
• Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Torren Management LLC acquired a new stake in Nexstar Media Group during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Nexstar Media Group during the third quarter worth approximately $28,000. WPG Advisers LLC grew its stake in Nexstar Media Group by 65.7% during the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after purchasing an additional 71 shares during the period. State of Wyoming acquired a new stake in Nexstar Media Group in the second quarter valued at approximately $54,000. Finally, Danske Bank A S bought a new position in shares of Nexstar Media Group in the third quarter valued at approximately $59,000. 95.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NXST. Barrington Research restated an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a report on Tuesday, April 28th. Wells Fargo & Company decreased their target price on Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Benchmark decreased their price target on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Nexstar Media Group currently has an average rating of “Buy” and a consensus price target 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.