Nexstar Media Group, Inc. (NASDAQ:NXST) Director Bernadette S. Aulestia Sells 500 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total value of $82,225.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $328,900. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Nexstar Media Group Stock Performance

NASDAQ:NXST opened at $165.00 on Friday. The company has a market capitalization of $5.12 billion, a PE ratio of 9.54, a P/E/G ratio of 0.20 and a beta of 1.45. The company has a 50 day simple moving average of $170.10 and a two-hundred day simple moving average of $167.28. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. Nexstar Media Group, Inc. has a fifty-two week low of $142.25 and a fifty-two week high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 7th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. Research analysts anticipate that Nexstar Media Group, Inc. will post 24.53 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Friday, November 15th. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Hedge Funds Weigh In On Nexstar Media Group

A number of institutional investors and hedge funds have recently modified their holdings of NXST. Brooklyn Investment Group bought a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $25,000. Whittier Trust Co. bought a new position in shares of Nexstar Media Group during the 2nd quarter worth approximately $27,000. True Wealth Design LLC bought a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nexstar Media Group during the 3rd quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Nexstar Media Group by 3,700.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 266 shares of the company’s stock worth $44,000 after purchasing an additional 259 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on NXST shares. Barrington Research reissued an “outperform” rating and set a $200.00 target price on shares of Nexstar Media Group in a research note on Thursday, November 7th. Loop Capital downgraded Nexstar Media Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $200.00 to $190.00 in a research note on Friday, November 8th. Guggenheim lowered their target price on Nexstar Media Group from $200.00 to $198.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and a consensus price target 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.