Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook Sells 37,025 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 37,025 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $160.14, for a total value of $5,929,183.50. Following the sale, the chief executive officer now owns 674,694 shares in the company, valued at approximately $108,045,497.16. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Nexstar Media Group Stock Down 0.5 %

Shares of NASDAQ NXST opened at $159.14 on Monday. The firm has a market cap of $4.94 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a 1 year low of $147.25 and a 1 year high of $191.86. The firm’s 50 day moving average price is $168.39 and its 200 day moving average price is $167.47.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. Nexstar Media Group’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s payout ratio is 39.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional grew its holdings in Nexstar Media Group by 5.0% in the third quarter. CX Institutional now owns 1,396 shares of the company’s stock valued at $231,000 after purchasing an additional 67 shares during the period. Blue Trust Inc. grew its stake in shares of Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after buying an additional 74 shares during the period. Natixis Advisors LLC grew its stake in shares of Nexstar Media Group by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after buying an additional 117 shares during the period. Quarry LP increased its holdings in shares of Nexstar Media Group by 77.8% during the 2nd quarter. Quarry LP now owns 297 shares of the company’s stock worth $49,000 after buying an additional 130 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Nexstar Media Group in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NXST shares. Guggenheim decreased their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Loop Capital downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $190.00 in a report on Friday, November 8th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.29.

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.