Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) CEO Perry A. Sook sold 35,205 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $162.13, for a total value of $5,707,786.65. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at approximately $109,388,138.22. This represents a 4.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Nexstar Media Group Stock Down 1.5 %
Shares of NXST stock opened at $158.98 on Thursday. Nexstar Media Group, Inc. has a 1 year low of $147.25 and a 1 year high of $191.86. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The business's fifty day moving average is $170.07 and its 200-day moving average is $167.44. The stock has a market cap of $4.93 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, November 15th. Nexstar Media Group's dividend payout ratio is presently 39.10%.
Institutional Investors Weigh In On Nexstar Media Group
Several hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Nexstar Media Group by 4.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,468 shares of the company's stock valued at $742,000 after purchasing an additional 193 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Nexstar Media Group by 10.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,745 shares of the company's stock valued at $622,000 after purchasing an additional 345 shares during the last quarter. Blue Trust Inc. boosted its holdings in Nexstar Media Group by 26.8% in the second quarter. Blue Trust Inc. now owns 1,014 shares of the company's stock worth $175,000 after purchasing an additional 214 shares in the last quarter. Raymond James & Associates increased its position in Nexstar Media Group by 1.2% during the second quarter. Raymond James & Associates now owns 37,362 shares of the company's stock worth $6,202,000 after buying an additional 426 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nexstar Media Group by 34.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,613 shares of the company's stock worth $268,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on NXST shares. StockNews.com upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Benchmark reaffirmed a "buy" rating and set a $215.00 target price on shares of Nexstar Media Group in a report on Friday, November 8th. Guggenheim cut their price target on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Barrington Research restated an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, Loop Capital cut Nexstar Media Group from a "buy" rating to a "hold" rating and cut their target price for the company from $200.00 to $190.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $204.29.
Check Out Our Latest Stock Analysis on NXST
About Nexstar Media Group
(
Get Free Report)
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.
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