Sean Compton Sells 1,088 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Sean Compton sold 1,088 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $175.53, for a total transaction of $190,976.64. Following the transaction, the insider now owns 12,096 shares in the company, valued at approximately $2,123,210.88. This represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nexstar Media Group Price Performance

Shares of NXST opened at $170.73 on Thursday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve 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 $162.86 and a two-hundred day moving average of $162.16.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, May 8th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.11. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $5.16 earnings per share. As a group, analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.36%. Nexstar Media Group’s dividend payout ratio is currently 37.69%.

Analysts Set New Price Targets

NXST has been the topic of a number of recent research reports. Guggenheim increased their price objective on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Monday, March 10th. Benchmark lowered their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Finally, Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and raised their target price for the company from $190.00 to $200.00 in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Nexstar Media Group in the fourth quarter worth $25,000. Whipplewood Advisors LLC raised its holdings in shares of Nexstar Media Group by 830.3% in the first quarter. Whipplewood Advisors LLC now owns 307 shares of the company’s stock worth $55,000 after buying an additional 274 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nexstar Media Group by 2,293.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 383 shares of the company’s stock worth $69,000 after buying an additional 367 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Nexstar Media Group by 62.3% in the first quarter. First Horizon Advisors Inc. now owns 401 shares of the company’s stock worth $72,000 after buying an additional 154 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Nexstar Media Group by 2,126.3% in the first quarter. Versant Capital Management Inc now owns 423 shares of the company’s stock worth $76,000 after buying an additional 404 shares during 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.