Elizabeth Ryder Sells 844 Shares of Nexstar Media Group Inc (NASDAQ:NXST) Stock

Nexstar Media Group Inc (NASDAQ:NXST) EVP Elizabeth Ryder sold 844 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $44.17, for a total transaction of $37,279.48. Following the completion of the transaction, the executive vice president now directly owns 9,557 shares in the company, valued at $422,132.69. The sale was disclosed in a document filed with the SEC, which is available at this link.

Elizabeth Ryder also recently made the following trade(s):

  • On Thursday, March 19th, Elizabeth Ryder sold 1,262 shares of Nexstar Media Group stock. The shares were sold at an average price of $55.71, for a total transaction of $70,306.02.

Nexstar Media Group stock opened at $63.55 on Thursday. Nexstar Media Group Inc has a fifty-two week low of $43.37 and a fifty-two week high of $133.25. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a 50 day moving average price of $100.11 and a 200 day moving average price of $106.68. The company has a market capitalization of $2.58 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Wednesday, February 26th. The company reported $2.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($0.95). Nexstar Media Group had a net margin of 7.58% and a return on equity of 13.52%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $3.22 EPS. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, equities research analysts forecast that Nexstar Media Group Inc will post 17.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, February 13th. This is an increase from Nexstar Media Group’s previous quarterly dividend of $0.45. Nexstar Media Group’s dividend payout ratio (DPR) is 44.44%.

Institutional investors have recently bought and sold shares of the stock. Barnett & Company Inc. increased its holdings in Nexstar Media Group by 1,669.2% in the 4th quarter. Barnett & Company Inc. now owns 230 shares of the company’s stock valued at $27,000 after purchasing an additional 217 shares during the last quarter. Ancora Advisors LLC purchased a new position in Nexstar Media Group in the 4th quarter valued at approximately $27,000. Fieldpoint Private Securities LLC purchased a new position in Nexstar Media Group in the 4th quarter valued at approximately $30,000. Citizens Financial Group Inc RI boosted its position in Nexstar Media Group by 532.6% in the 4th quarter. Citizens Financial Group Inc RI now owns 272 shares of the company’s stock valued at $32,000 after buying an additional 229 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Nexstar Media Group by 165.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 327 shares of the company’s stock valued at $33,000 after buying an additional 204 shares during the period.

A number of research firms have commented on NXST. Wells Fargo & Co upgraded shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and set a $149.00 price objective for the company in a report on Monday, January 6th. B. Riley cut their price target on shares of Nexstar Media Group from $140.00 to $139.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Zacks Investment Research downgraded shares of Nexstar Media Group from a “hold” rating to a “sell” rating in a report on Thursday, March 5th. Guggenheim cut their price target on shares of Nexstar Media Group from to in a report on Tuesday. Finally, BidaskClub downgraded shares of Nexstar Media Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $133.00.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

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