Nexstar Media Group, Inc. (NASDAQ:NXST) CFO Lee Ann Gliha Sells 747 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CFO Lee Ann Gliha sold 747 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $149.08, for a total value of $111,362.76. Following the completion of the sale, the chief financial officer now directly owns 6,591 shares in the company, valued at $982,586.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 4th, Lee Ann Gliha sold 326 shares of Nexstar Media Group stock. The stock was sold at an average price of $160.00, for a total value of $52,160.00.

Nexstar Media Group Price Performance

Shares of NXST opened at $151.94 on Wednesday. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.32. The firm’s 50-day simple moving average is $162.18 and its two-hundred day simple moving average is $163.83. The stock has a market cap of $4.99 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.80 and a current ratio of 1.80.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Thursday, May 9th. The company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.28 by $0.88. Nexstar Media Group had a return on equity of 17.18% and a net margin of 8.29%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Nexstar Media Group, Inc. will post 27.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Thursday, May 9th. Nexstar Media Group’s dividend payout ratio is presently 57.19%.

Institutional Trading of Nexstar Media Group

Several institutional investors have recently bought and sold shares of NXST. EverSource Wealth Advisors LLC lifted its position in Nexstar Media Group by 632.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 177 shares in the last quarter. First United Bank & Trust bought a new stake in shares of Nexstar Media Group in the 4th quarter worth $33,000. SRS Capital Advisors Inc. raised its stake in shares of Nexstar Media Group by 350.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the company’s stock worth $37,000 after purchasing an additional 186 shares during the last quarter. OLD Second National Bank of Aurora bought a new position in shares of Nexstar Media Group during the fourth quarter valued at $45,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Nexstar Media Group by 41.1% during the fourth quarter. Quadrant Capital Group LLC now owns 295 shares of the company’s stock valued at $46,000 after buying an additional 86 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXST has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a report on Thursday, May 9th. Loop Capital upgraded shares of Nexstar Media Group to a “strong-buy” rating in a report on Friday, May 10th. Rosenblatt Securities dropped their target price on shares of Nexstar Media Group from $216.00 to $213.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Benchmark reiterated a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a research report on Friday, May 10th. Finally, Wells Fargo & Company upgraded shares of Nexstar Media Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $221.00 in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.00.

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.