Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen Sells 750 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $159.93, for a total transaction of $119,947.50. Following the completion of the transaction, the director now owns 6,975 shares in the company, valued at approximately $1,115,511.75. This trade represents a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nexstar Media Group Stock Down 0.5 %

NXST opened at $159.14 on Monday. Nexstar Media Group, Inc. has a 12 month low of $147.25 and a 12 month high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The business’s 50-day moving average price is $168.39 and its 200-day moving average price is $167.47. The company has a market cap of $4.94 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.20 and a beta of 1.45.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The company 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% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. On average, equities analysts expect that Nexstar Media Group, Inc. will post 24.53 EPS for the current year.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 dividend on an annualized basis and a yield of 4.25%. Nexstar Media Group’s dividend payout ratio is currently 39.10%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Nexstar Media Group

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Nexstar Media Group by 67.8% during the third quarter. BNP Paribas Financial Markets now owns 26,239 shares of the company’s stock worth $4,339,000 after purchasing an additional 10,603 shares during the period. SGL Investment Advisors Inc. purchased a new stake in Nexstar Media Group in the 3rd quarter worth approximately $3,758,000. Charles Schwab Investment Management Inc. grew its position in shares of Nexstar Media Group by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,083,451 shares of the company’s stock worth $179,149,000 after buying an additional 7,117 shares during the last quarter. Quest Partners LLC increased its stake in shares of Nexstar Media Group by 661.4% during the third quarter. Quest Partners LLC now owns 8,672 shares of the company’s stock valued at $1,434,000 after buying an additional 7,533 shares during the period. Finally, Holocene Advisors LP raised its holdings in shares of Nexstar Media Group by 680.9% during the third quarter. Holocene Advisors LP now owns 17,219 shares of the company’s stock valued at $2,847,000 after acquiring an additional 15,014 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

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.