Nexstar Media Group (NASDAQ:NXST) Sets New 1-Year Low After Insider Selling

Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) reached a new 52-week low during trading on Wednesday following insider selling activity. The stock traded as low as $164.74 and last traded at $164.2350, with a volume of 303987 shares trading hands. The stock had previously closed at $172.11.

Specifically, EVP Lee Ann Gliha sold 373 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 $63,712.13. Following the completion of the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at approximately $3,429,010.75. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Andrew Alford sold 746 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $127,424.26. Following the sale, the insider directly owned 14,549 shares in the company, valued at approximately $2,485,114.69. The trade was a 4.88% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In other news, insider Sean Compton sold 840 shares of Nexstar Media Group stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total transaction of $143,480.40. Following the transaction, the insider owned 14,430 shares in the company, valued at approximately $2,464,788.30. The trade was a 5.50% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NXST shares. 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 report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company lowered their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, April 28th. One equities research 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 stock. Based on data from MarketBeat.com, Nexstar Media Group presently has a consensus 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 long-term incentive plan. That removes a governance overhang and suggests investor support for management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s 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 in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: The company also disclosed several insider sales by executives including Lindsey Knapp, Lee Ann Gliha, Andrew Alford, Sean Compton, Dana Zimmer, Brett Jenkins, Blake Russell, and Gary Weitman. Nexstar said the trades were made to cover tax withholding tied to vesting equity awards, which makes them routine, but the repeated selling can still weigh on sentiment. Insider trading alert
• Neutral Sentiment: Recent commentary remains mixed: one Seeking Alpha piece argued investors should hold NXST until the merger is finalized, while another said Nexstar’s legal battles are already priced in. Seeking Alpha article Seeking Alpha article
• Negative Sentiment: The bigger market concern is the pattern of insider selling: Nexstar insiders have sold shares repeatedly over the past six months with no reported open-market purchases, which can pressure investor confidence even if the sales are compensation-related. Insider buying and selling alert

Nexstar Media Group Price Performance

The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 0.43 and a beta of 0.91. The business’s 50-day moving average price is $190.81 and its two-hundred day moving average price is $207.01.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 annualized dividend and a dividend yield of 4.5%. Nexstar Media Group’s payout ratio is 159.66%.

Institutional Investors Weigh In On Nexstar Media Group

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Nexstar Media Group by 7,750.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,028 shares of the company’s stock valued at $1,633,000 after acquiring an additional 8,913 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Nexstar Media Group during the 1st quarter worth about $1,229,000. Bank of America Corp DE lifted its position in shares of Nexstar Media Group by 17.0% in the 1st quarter. Bank of America Corp DE now owns 173,269 shares of the company’s stock valued at $31,332,000 after acquiring an additional 25,193 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Nexstar Media Group by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock valued at $116,427,000 after acquiring an additional 11,477 shares in the last quarter. Finally, Strategic Investment Advisors MI purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at approximately $154,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

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.