Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Blake Russell Sells 523 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Blake Russell sold 523 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $149.08, for a total value of $77,968.84. Following the sale, the executive vice president now owns 27,111 shares in the company, valued at $4,041,707.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blake Russell also recently made the following trade(s):

• On Monday, May 20th, Blake Russell sold 433 shares of Nexstar Media Group stock. The stock was sold at an average price of $167.43, for a total transaction of $72,497.19.

Nexstar Media Group Stock Up 0.0 %

Shares of Nexstar Media Group stock opened at $151.94 on Wednesday. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.55 and a beta of 1.48. Nexstar Media Group, Inc. has a twelve month low of $132.30 and a twelve month high of $187.32. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.85. The business’s 50 day simple moving average is $162.18 and its 200-day simple moving average is $163.83.

Nexstar Media Group (NASDAQ:NXST) last issued its 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $2.97 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Nexstar Media Group, Inc. will post 27.62 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

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

Institutional Investors Weigh In On Nexstar Media Group

A number of hedge funds have recently made changes to their positions in NXST. Capital Research Global Investors acquired a new stake in Nexstar Media Group in the 1st quarter valued at approximately $92,323,000. Point72 Asset Management L.P. increased its holdings in shares of Nexstar Media Group by 392.6% during the fourth quarter. Point72 Asset Management L.P. now owns 450,351 shares of the company’s stock valued at $70,593,000 after purchasing an additional 358,920 shares during the period. Norges Bank bought a new stake in shares of Nexstar Media Group during the fourth quarter valued at about $51,812,000. Vanguard Group Inc. lifted its holdings in Nexstar Media Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,370,415 shares of the company’s stock worth $580,689,000 after purchasing an additional 127,783 shares during the period. Finally, International Assets Investment Management LLC grew its position in Nexstar Media Group by 15,107.2% in the 4th quarter. International Assets Investment Management LLC now owns 122,570 shares of the company’s stock valued at $19,213,000 after buying an additional 121,764 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

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

Nexstar Media Group Company Profile

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.