Key Points
- Insider selling: Nexstar Media Group insider Andrew Alford sold 746 shares on June 16 at an average price of $170.81, for proceeds of about $127,424. The sale was disclosed as being to cover tax withholding obligations tied to vesting equity awards.
- Repeated recent sales: Alford has made several other share sales in recent weeks, and the article notes that multiple Nexstar executives have also sold stock for tax-related reasons. While these trades appear compensation-related, the ongoing insider selling may weigh on investor sentiment.
- Company backdrop: Nexstar shares recently traded around $172.11, near the lower end of their 52-week range, while the stock continues to pay a quarterly dividend that annualizes to $7.44 per share. Institutional ownership remains high at 95.3%, and analysts currently rate the stock a consensus Buy.
Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) EVP Lindsey Knapp sold 93 shares of Nexstar Media Group stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total value of $15,885.33. Following the completion of the sale, the executive vice president directly owned 1,152 shares in the company, valued at $196,773.12. This represents a 7.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Lindsey Knapp also recently made the following trade(s):
- On Tuesday, June 2nd, Lindsey Knapp sold 290 shares of Nexstar Media Group stock. The stock was sold at an average price of $184.27, for a total transaction of $53,438.30.
- On Wednesday, May 27th, Lindsey Knapp sold 92 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total transaction of $17,233.44.
Nexstar Media Group Price Performance
Nexstar Media Group stock opened at $172.11 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53. The company has a 50-day moving average price of $190.81 and a 200 day moving average price of $207.01. Nexstar Media Group, Inc. has a 12-month low of $164.00 and a 12-month high of $254.30. The stock has a market cap of $5.26 billion, a P/E ratio of 36.93, a PEG ratio of 0.43 and a beta of 0.91.
Nexstar Media Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group's payout ratio is presently 159.66%.
Key Stories Impacting Nexstar Media Group
Here are the key news stories impacting Nexstar Media Group this week:
- Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
- Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
- Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
- Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert
Analyst Ratings Changes
Several research analysts recently weighed in on NXST shares. Citigroup upgraded Nexstar Media Group from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. Zacks Research upgraded Nexstar Media Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Guggenheim boosted their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $259.67.
Get Our Latest Stock Report on Nexstar Media Group
Institutional Investors Weigh In On Nexstar Media Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dorsal Capital Management LP purchased a new stake in Nexstar Media Group in the 3rd quarter valued at $74,152,000. QVT Financial LP raised its holdings in shares of Nexstar Media Group by 200.0% in the fourth quarter. QVT Financial LP now owns 155,281 shares of the company's stock valued at $31,530,000 after buying an additional 310,562 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Nexstar Media Group by 118.1% during the second quarter. AQR Capital Management LLC now owns 543,612 shares of the company's stock worth $93,795,000 after buying an additional 294,308 shares during the last quarter. JPMorgan Chase & Co. increased its position in Nexstar Media Group by 157.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company's stock valued at $73,960,000 after acquiring an additional 228,603 shares during the period. Finally, Norges Bank purchased a new stake in Nexstar Media Group during the 4th quarter valued at approximately $41,474,000. Hedge funds and other institutional investors own 95.30% of the company's stock.
About Nexstar Media Group
(
Get Free Report)
Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.
Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.
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