Nexstar Media Group, Inc. (NASDAQ:NXST) Director Sells $41,110.00 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 250 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the transaction, the director now directly owns 7,725 shares in the company, valued at approximately $1,270,299. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Tuesday, September 10th, Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock. The shares were sold at an average price of $160.00, for a total value of $160,000.00.

Nexstar Media Group Stock Up 1.0 %

Shares of NASDAQ NXST opened at $166.38 on Friday. The firm has a 50 day moving average price of $168.52 and a 200 day moving average price of $165.90. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $5.48 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.19 and a beta of 1.49. Nexstar Media Group, Inc. has a 52-week low of $132.30 and a 52-week high of $187.27.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.94). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Nexstar Media Group had a net margin of 8.68% and a return on equity of 18.65%. Nexstar Media Group’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.64 EPS. Analysts expect that Nexstar Media Group, Inc. will post 25.72 EPS for the current year.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Friday, August 9th. Nexstar Media Group’s payout ratio is currently 57.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Nexstar Media Group by 3.9% in the 1st 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. Dimensional Fund Advisors LP lifted its holdings in shares of Nexstar Media Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,326,476 shares of the company’s stock valued at $220,189,000 after purchasing an additional 62,331 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Nexstar Media Group during the first quarter worth about $92,323,000. Point72 Asset Management L.P. grew 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 worth $70,593,000 after buying an additional 358,920 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Nexstar Media Group by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 418,815 shares of the company’s stock valued at $69,528,000 after buying an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NXST. Deutsche Bank Aktiengesellschaft decreased their price target on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a research report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday, August 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company cut their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $201.67.

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.