Nexstar Media Group (NASDAQ:NXST) EVP Lindsey Knapp Sells 93 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lindsey Knapp sold 93 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $15,885.33. Following the completion of the transaction, the executive vice president owned 1,152 shares of the company’s stock, valued at $196,773.12. This represents a 7.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lindsey Knapp also recently made the following trade(s):

• On Tuesday, June 2nd, Lindsey Knapp sold 290 shares of Nexstar Media Group stock. The stock was sold at an average price of $184.27, for a total transaction of $53,438.30.
• On Wednesday, May 27th, Lindsey Knapp sold 92 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $17,233.44.

Nexstar Media Group Price Performance

NASDAQ NXST opened at $172.11 on Wednesday. The firm’s fifty day simple moving average is $190.81 and its two-hundred day simple moving average is $207.01. The firm has a market capitalization of $5.26 billion, a P/E 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 12-month low of $164.00 and a 12-month high of $254.30.

Nexstar Media Group Announces Dividend

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

Hedge Funds Weigh In On Nexstar Media Group

A number of large investors have recently bought and sold shares of NXST. M&T Bank Corp grew its stake in Nexstar Media Group by 2,573.4% in the 4th quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock valued at $28,494,000 after acquiring an additional 134,871 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Nexstar Media Group by 3,648.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after acquiring an additional 63,261 shares during the period. JPMorgan Chase & Co. lifted its holdings in Nexstar Media Group by 157.2% during the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock valued at $73,960,000 after purchasing an additional 228,603 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Nexstar Media Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock valued at $157,114,000 after purchasing an additional 13,084 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Nexstar Media Group by 2.0% in the third quarter. Victory Capital Management Inc. now owns 296,200 shares of the company’s stock valued at $58,571,000 after purchasing an additional 5,762 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

NXST has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Wells Fargo & Company lowered their price objective on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Finally, Citigroup upgraded Nexstar Media Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $252.00 to $220.00 in a research note on Friday, April 10th. 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 has an average rating of “Buy” and an average price target of $259.67.

Nexstar Media Group News Roundup

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

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.