Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) Director Charles Thomas Mcmillen sold 750 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $159.93, for a total value of $119,947.50. Following the completion of the transaction, the director now owns 6,975 shares in the company, valued at $1,115,511.75. This trade represents a 9.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Nexstar Media Group Stock Performance
Nexstar Media Group stock traded down $0.79 during trading hours on Friday, hitting $159.14. The stock had a trading volume of 166,287 shares, compared to its average volume of 334,430. The company has a 50-day moving average of $168.68 and a two-hundred day moving average of $167.33. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The company has a market cap of $4.94 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a fifty-two week low of $147.25 and a fifty-two week high of $191.86.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly 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). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. On average, equities research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.
Nexstar Media Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $1.69 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a yield of 4.25%. Nexstar Media Group's dividend payout ratio (DPR) is 39.10%.
Hedge Funds Weigh In On Nexstar Media Group
Several large investors have recently added to or reduced their stakes in NXST. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $25,000. Whittier Trust Co. bought a new stake in shares of Nexstar Media Group in the 2nd quarter valued at approximately $27,000. True Wealth Design LLC bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at approximately $33,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Nexstar Media Group by 3,700.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company's stock valued at $44,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on NXST. Barrington Research reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Loop Capital cut Nexstar Media Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $200.00 to $190.00 in a research report on Friday, November 8th. Guggenheim reduced their price target on Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a research report on Friday, October 4th. Benchmark reaffirmed a "buy" rating and issued a $215.00 price target on shares of Nexstar Media Group in a research report on Friday, November 8th. Finally, StockNews.com raised Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Nexstar Media Group has an average rating of "Moderate Buy" and an average target price of $204.29.
Check Out Our Latest Analysis on Nexstar Media Group
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.
Featured Articles
Before you consider Nexstar Media Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexstar Media Group wasn't on the list.
While Nexstar Media Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
