Perry A. Sook Sells 52,808 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 52,808 shares of Nexstar Media Group stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total transaction of $8,312,507.28. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares in the company, valued at $106,203,582.54. This trade represents a 7.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nexstar Media Group Trading Up 1.1 %

Shares of NXST opened at $159.93 on Wednesday. The business’s 50-day moving average price is $169.16 and its 200-day moving average price is $167.44. The stock has a market cap of $4.96 billion, a PE ratio of 9.25, a P/E/G ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a twelve month low of $147.25 and a twelve month high of $191.86. 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 (NASDAQ:NXST) last posted its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that Nexstar Media Group, Inc. will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s dividend payout ratio (DPR) is 39.10%.

Analyst Ratings Changes

A number of analysts have issued reports on NXST shares. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Loop Capital cut Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $190.00 in a research note on Friday, November 8th. StockNews.com raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. Finally, Guggenheim dropped their price target on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $204.29.

Hedge Funds Weigh In On Nexstar Media Group

A number of institutional investors have recently made changes to their positions in NXST. Brooklyn Investment Group bought a new stake in shares of Nexstar Media Group during the 3rd quarter worth $25,000. Whittier Trust Co. bought a new stake in Nexstar Media Group during the second quarter worth about $27,000. True Wealth Design LLC purchased a new position in shares of Nexstar Media Group in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Nexstar Media Group during the 3rd quarter valued at about $33,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of 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 buying an additional 259 shares in the last quarter. 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.