Nexstar Media Group, Inc. (NASDAQ:NXST) CFO Lee Ann Gliha Sells 330 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) CFO Lee Ann Gliha sold 330 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $158.23, for a total transaction of $52,215.90. Following the transaction, the chief financial officer now directly owns 8,610 shares in the company, valued at $1,362,360.30. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded down $0.27 on Monday, reaching $158.22. 378,744 shares of the company were exchanged, compared to its average volume of 336,432. The company has a 50-day moving average of $169.52 and a 200-day moving average of $167.40. 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 firm has a market cap of $4.91 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.20 and a beta of 1.45. Nexstar Media Group, Inc. has a 1-year low of $147.25 and a 1-year high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts forecast that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Friday, November 15th. Nexstar Media Group’s payout ratio is currently 39.10%.

Institutional Trading of Nexstar Media Group

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC grew its position in shares of Nexstar Media Group by 57.8% in the third quarter. Tidal Investments LLC now owns 3,217 shares of the company’s stock valued at $532,000 after purchasing an additional 1,178 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Nexstar Media Group in the 3rd quarter valued at approximately $33,000. World Investment Advisors LLC acquired a new stake in Nexstar Media Group during the 3rd quarter valued at $3,747,000. TD Private Client Wealth LLC grew its holdings in Nexstar Media Group by 22.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 964 shares of the company’s stock valued at $159,000 after buying an additional 174 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Nexstar Media Group by 39.1% during the third quarter. Sunbelt Securities Inc. now owns 1,092 shares of the company’s stock worth $181,000 after buying an additional 307 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Loop Capital lowered Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $190.00 in a report on Friday, November 8th. Benchmark restated a “buy” rating and set a $215.00 price target on shares of Nexstar Media Group in a research note on Friday, November 8th. Guggenheim lowered their price objective on shares of Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, 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, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

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.