Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) insider Dana Zimmer sold 4,008 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.46, for a total transaction of $751,339.68. Following the completion of the transaction, the insider directly owned 1,792 shares in the company, valued at $335,928.32. This trade represents a 69.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dana Zimmer also recently made the following trade(s):
- On Tuesday, June 16th, Dana Zimmer sold 876 shares of Nexstar Media Group stock. The shares were sold at an average price of $170.81, for a total value of $149,629.56.
- On Wednesday, June 10th, Dana Zimmer sold 915 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total value of $161,424.30.
- On Thursday, June 4th, Dana Zimmer sold 433 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total value of $78,987.86.
- On Wednesday, May 27th, Dana Zimmer sold 465 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $87,103.80.
Nexstar Media Group Stock Performance
NASDAQ NXST opened at $184.80 on Tuesday. The stock's fifty day moving average is $180.04 and its two-hundred day moving average is $199.69. The firm has a market capitalization of $5.69 billion, a P/E ratio of 35.47 and a beta of 0.91. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.56 and a current ratio of 1.56. Nexstar Media Group, Inc. has a fifty-two week low of $154.47 and a fifty-two week high of $254.30.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 24.02% and a net margin of 3.20%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $3.06 earnings per share. The firm's revenue was up 62.2% compared to the same quarter last year. On average, research analysts anticipate that Nexstar Media Group, Inc. will post 32.88 earnings per share for the current year.
Nexstar Media Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $7.44 annualized dividend and a dividend yield of 4.0%. Nexstar Media Group's payout ratio is presently 142.80%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on NXST shares. Wall Street Zen cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nexstar Media Group in a report on Wednesday, May 27th. Wells Fargo & Company dropped their price target on shares of Nexstar Media Group from $253.00 to $249.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Nexstar Media Group from $270.00 to $255.00 and set a "buy" rating on the stock in a research report on Monday, May 11th. Finally, Zacks Research cut Nexstar Media Group from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $259.00.
Get Our Latest Analysis on Nexstar Media Group
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Nexstar Media Group in the second quarter valued at $1,576,000. Parvin Asset Management LLC acquired a new position in Nexstar Media Group during the 2nd quarter worth about $80,000. Ancora Advisors LLC acquired a new position in Nexstar Media Group during the 2nd quarter worth about $245,000. Ally Financial Inc. acquired a new position in Nexstar Media Group during the 2nd quarter worth about $322,000. Finally, Kiltearn Partners LLP purchased a new position in Nexstar Media Group during the 2nd quarter valued at about $5,262,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.
Nexstar Media Group Company Profile
(
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.
Further Reading
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