Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) CEO Perry A. Sook sold 52,808 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. The trade was a 7.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Nexstar Media Group Price Performance
NASDAQ:NXST traded down $0.27 during midday trading on Monday, hitting $158.22. The company had a trading volume of 378,744 shares, compared to its average volume of 336,432. The company has a market capitalization of $4.91 billion, a PE ratio of 9.15, a P/E/G ratio of 0.20 and a beta of 1.45. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a 52-week low of $147.25 and a 52-week high of $191.86. The stock's fifty day moving average price is $169.32 and its 200-day moving average price is $167.41.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.51 by ($0.24). The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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 in the previous year, the company posted $0.70 earnings per share. As a group, research analysts expect that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.
Nexstar Media Group Announces Dividend
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 dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group's dividend payout ratio (DPR) is presently 39.10%.
Institutional Investors Weigh In On Nexstar Media Group
A number of hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Nexstar Media Group in the 3rd quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Nexstar Media Group during the second quarter valued at about $27,000. True Wealth Design LLC purchased a new position in shares of Nexstar Media Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $33,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Nexstar Media Group by 3,700.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company's stock valued at $44,000 after acquiring an additional 259 shares during the period. 95.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. 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 reduced their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a "buy" rating for the company in a research note on Friday, October 4th. Loop Capital cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Nexstar Media Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.29.
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Nexstar Media Group Company Profile
(
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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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