Nexstar Media Group (NASDAQ:NXST) Reaches New 1-Year Low - Time to Sell?

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $147.13 and last traded at $149.10, with a volume of 10839 shares trading hands. The stock had previously closed at $149.56.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NXST shares. Barrington Research restated an "outperform" rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday. Loop Capital cut Nexstar Media Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $200.00 to $190.00 in a research note on Friday, November 8th. StockNews.com upgraded Nexstar Media Group from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Benchmark restated a "buy" rating and issued a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, Guggenheim restated a "buy" rating on shares of Nexstar Media Group in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $204.29.

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Nexstar Media Group Stock Up 11.1 %

The stock has a 50 day simple moving average of $155.08 and a 200-day simple moving average of $163.29. The firm has a market cap of $5.04 billion, a PE ratio of 9.40, a PEG ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. Sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.86 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.58%. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. Nexstar Media Group's payout ratio is currently 43.03%.

Insider Transactions at Nexstar Media Group

In other news, CEO Perry A. Sook sold 37,025 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $160.14, for a total value of $5,929,183.50. Following the completion of the transaction, the chief executive officer now owns 674,694 shares in the company, valued at $108,045,497.16. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lee Ann Gliha sold 330 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total value of $52,215.90. Following the completion of the transaction, the chief financial officer now owns 8,610 shares of the company's stock, valued at $1,362,360.30. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,493 shares of company stock worth $20,354,366 over the last quarter. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NXST. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group in the third quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Nexstar Media Group in the fourth quarter worth $25,000. True Wealth Design LLC bought a new stake in shares of Nexstar Media Group in the third quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nexstar Media Group in the third quarter worth $33,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Nexstar Media Group in the third quarter worth $44,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

About Nexstar Media Group

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.