Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook Sells 52,808 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 52,808 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at approximately $106,203,582.54. The trade was a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $159.93 on Wednesday. The company’s 50-day moving average is $169.16 and its 200 day moving average is $167.44. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $4.96 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a 1 year low of $147.25 and a 1 year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. On average, sell-side analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NXST shares. Benchmark restated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Guggenheim lowered their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Barrington Research reiterated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and an average target price of $204.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXST. Raymond James & Associates boosted its position in shares of Nexstar Media Group by 1.2% in the 2nd quarter. Raymond James & Associates now owns 37,362 shares of the company’s stock worth $6,202,000 after purchasing an additional 426 shares in the last quarter. Clear Creek Financial Management LLC boosted its holdings in Nexstar Media Group by 12.9% in the second quarter. Clear Creek Financial Management LLC now owns 2,110 shares of the company’s stock worth $350,000 after acquiring an additional 241 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nexstar Media Group by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 418,815 shares of the company’s stock worth $69,528,000 after acquiring an additional 2,145 shares during the last quarter. Bailard Inc. bought a new position in shares of Nexstar Media Group during the second quarter valued at $216,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Nexstar Media Group by 3,700.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock valued at $44,000 after acquiring an additional 259 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

About Nexstar Media Group

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.