Andrew Alford Sells 3,768 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Andrew Alford sold 3,768 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the sale, the insider now owns 5,405 shares in the company, valued at approximately $983,601.90. The trade was a 41.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nexstar Media Group Trading Down 1.7 %

Shares of NASDAQ:NXST opened at $176.45 on Friday. 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 stock has a market capitalization of $5.38 billion, a PE ratio of 10.21, a P/E/G ratio of 0.45 and a beta of 1.47. Nexstar Media Group, Inc. has a 1 year low of $146.04 and a 1 year high of $191.86. The firm has a fifty day moving average price of $162.36 and a 200 day moving average price of $164.59.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Analysts expect that Nexstar Media Group, Inc. will post 21.62 EPS for the current fiscal year.

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $1.86 dividend. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.22%. Nexstar Media Group’s dividend payout ratio (DPR) is currently 34.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NXST shares. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $190.00 to $200.00 in a report on Friday, February 28th. Benchmark boosted their target price on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Barrington Research reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday, March 5th. StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of Nexstar Media Group in a report on Monday, March 10th. 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, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average target price of $208.43.

Institutional Trading of Nexstar Media Group

Institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Nexstar Media Group in the 3rd quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group in the fourth quarter worth about $25,000. True Wealth Design LLC acquired a new position in shares of Nexstar Media Group during the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Nexstar Media Group during the 3rd quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp grew its holdings in Nexstar Media Group by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 550 shares of the company’s stock valued at $87,000 after buying an additional 73 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.