Nexstar Media Group (NASDAQ:NXST) EVP Lee Ann Gliha Sells 752 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha sold 752 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $176.42, for a total value of $132,667.84. Following the sale, the executive vice president directly owned 19,510 shares in the company, valued at approximately $3,441,954.20. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lee Ann Gliha also recently made the following trade(s):

• On Thursday, June 4th, Lee Ann Gliha sold 258 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total value of $47,064.36.
• On Wednesday, May 27th, Lee Ann Gliha sold 742 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $138,991.44.

Nexstar Media Group Stock Up 0.6%

Shares of NASDAQ:NXST opened at $174.52 on Friday. The stock’s 50-day moving average price is $191.24 and its two-hundred day moving average price is $207.36. 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 12-month low of $164.00 and a 12-month high of $254.30. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 0.44 and a beta of 0.91.

Nexstar Media Group Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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 research note on Monday, April 6th. Barrington Research reissued an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Citigroup raised 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 research note on Friday, April 10th. Finally, Wells Fargo & Company decreased their price target on Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nexstar Media Group presently has a consensus rating of “Buy” and a consensus target price of $259.67.

Nexstar Media Group News Roundup

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

• Neutral Sentiment: Director Charles Thomas McMillen sold 1,000 shares, and the filing says the transaction was for tax withholding related to equity award vesting. Nexstar Media Group insider filing
• Neutral Sentiment: Multiple other insiders also sold shares at the same $176.42 price level, including Andrew Alford, Sean Compton, Dana Zimmer, Lee Ann Gliha, and Blake Russell, all citing tax-withholding obligations. Nexstar Media Group insider filing
• Neutral Sentiment: Recent reporting also highlighted that NXST has fallen over the past month and remains below key moving averages, signaling continued technical weakness. Nexstar Media Group stock down article
• Neutral Sentiment: The company’s dividend yield remains attractive, but the payout ratio is elevated, which may limit enthusiasm among income-focused investors. Nexstar Media Group stock page

Hedge Funds Weigh In On Nexstar Media Group

Several hedge funds and other institutional investors have recently bought and sold shares of NXST. Integrated Wealth Concepts LLC acquired a new position in Nexstar Media Group during the 1st quarter worth approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after acquiring an additional 5,251 shares in the last quarter. Millennium Management LLC lifted its position in Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after acquiring an additional 61,830 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after acquiring an additional 16,637 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Nexstar Media Group during the 1st quarter worth approximately $654,000. 95.30% of the stock is owned by institutional investors and hedge funds.

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.