Nexstar Media Group, Inc. (NASDAQ:NXST) Insider Andrew Alford Sells 3,768 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Andrew Alford sold 3,768 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total transaction of $685,700.64. Following the sale, the insider now owns 5,405 shares of the company's stock, valued at approximately $983,601.90. This represents a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nexstar Media Group Stock Performance

Shares of NASDAQ NXST traded up $2.11 during trading hours on Monday, hitting $178.56. 109,761 shares of the stock were exchanged, compared to its average volume of 350,727. Nexstar Media Group, Inc. has a one year low of $146.04 and a one year high of $191.86. The company's 50 day moving average is $162.36 and its 200 day moving average is $164.63. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $5.45 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.45 and a beta of 1.47.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, research analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

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Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.86 dividend. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. This represents a $7.44 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, February 12th. Nexstar Media Group's payout ratio is currently 34.56%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NXST. Cerity Partners LLC raised its stake in Nexstar Media Group by 99.7% during the 3rd quarter. Cerity Partners LLC now owns 7,136 shares of the company's stock valued at $1,180,000 after purchasing an additional 3,563 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Nexstar Media Group by 1.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 74,622 shares of the company's stock worth $12,339,000 after purchasing an additional 897 shares during the period. Hancock Whitney Corp raised its position in shares of Nexstar Media Group by 11.6% during the third quarter. Hancock Whitney Corp now owns 2,442 shares of the company's stock valued at $404,000 after buying an additional 254 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Nexstar Media Group by 1.5% in the third quarter. D.A. Davidson & CO. now owns 23,632 shares of the company's stock valued at $3,908,000 after buying an additional 340 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Nexstar Media Group during the third quarter worth about $25,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com cut Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $190.00 to $200.00 in a research report on Friday, February 28th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Monday, March 10th. Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research note on Wednesday, March 5th. Finally, Benchmark lifted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $208.43.

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.