Perry A. Sook Sells 32,096 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) CEO Perry A. Sook sold 32,096 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the sale, the chief executive officer now owns 806,019 shares of the company's stock, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST traded up $5.26 during midday trading on Friday, reaching $177.85. 609,979 shares of the company were exchanged, compared to its average volume of 371,909. The stock's 50-day moving average price is $156.61 and its 200-day moving average price is $163.75. The stock has a market cap of $5.43 billion, a P/E ratio of 10.29, a PEG ratio of 0.45 and a beta of 1.47. 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 one year low of $146.04 and a one year high of $191.86.

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

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Nexstar Media Group Increases Dividend

The company also recently disclosed 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 of this dividend was Wednesday, February 12th. This represents a $7.44 annualized dividend and a dividend yield of 4.18%. This is an increase from Nexstar Media Group's previous quarterly dividend of $1.69. Nexstar Media Group's dividend payout ratio is currently 34.56%.

Analyst Ratings Changes

Several equities analysts have commented on NXST shares. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and raised their target price for the company from $190.00 to $200.00 in a report on Friday, February 28th. StockNews.com cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Guggenheim upped their target price on Nexstar Media Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Benchmark raised their target price on Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Barrington Research reissued an "outperform" rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Nexstar Media Group presently has a consensus rating of "Moderate Buy" and an average target price of $210.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Nexstar Media Group in the 3rd quarter valued at approximately $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 acquired a new stake in Nexstar Media Group in the third quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Nexstar Media Group in the third quarter valued at $33,000. Finally, Capital Performance Advisors LLP bought a new position in Nexstar Media Group during the 3rd quarter worth $44,000. 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.