Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Sells $42,330,512.04 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) CEO Perry A. Sook sold 248,506 shares of Nexstar Media Group stock in a transaction that occurred on Thursday, January 13th. The stock was sold at an average price of $170.34, for a total transaction of $42,330,512.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NXST stock opened at $170.00 on Friday. Nexstar Media Group, Inc. has a 12 month low of $106.67 and a 12 month high of $171.61. The stock has a market cap of $6.95 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.63 and a beta of 1.68. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.85. The company’s fifty day moving average price is $156.49 and its 200-day moving average price is $151.55.

Nexstar Media Group (NASDAQ:NXST) last announced its earnings results on Tuesday, November 2nd. The company reported $4.05 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.23. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Nexstar Media Group had a net margin of 19.56% and a return on equity of 36.00%. During the same quarter in the previous year, the business posted $4.08 EPS. On average, sell-side analysts forecast that Nexstar Media Group, Inc. will post 17.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 29th. Investors of record on Friday, November 12th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, November 10th. Nexstar Media Group’s payout ratio is 13.46%.

Institutional investors have recently made changes to their positions in the stock. Liberty Wealth Management LLC raised its position in Nexstar Media Group by 98.2% in the 3rd quarter. Liberty Wealth Management LLC now owns 216 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Nexstar Media Group by 53.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 218 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Nexstar Media Group in the 2nd quarter worth about $35,000. Berman Capital Advisors LLC raised its position in Nexstar Media Group by 168.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 260 shares of the company’s stock worth $38,000 after buying an additional 163 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Nexstar Media Group by 87.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 356 shares of the company’s stock worth $54,000 after buying an additional 166 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Nexstar Media Group from $173.00 to $186.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 3rd. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Wednesday, January 5th. Finally, Loop Capital lifted their target price on shares of Nexstar Media Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $184.60.

About Nexstar Media Group

Nexstar Media Group, Inc is a television broadcasting and digital media company, which engages in the acquisition, development, and operation of television stations and interactive community websites and digital media services. The firm offers services free over-the-air programming which includes programs produced by networks with which the stations are affiliated, programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

Recommended Story: Trading Ex-Dividend

Insider Buying and Selling by Quarter for Nexstar Media Group (NASDAQ:NXST)

Receive News & Ratings for Nexstar Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexstar Media Group and related companies with MarketBeat.com's FREE daily email newsletter.