Charles Thomas Mcmillen Sells 250 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Charles Thomas Mcmillen sold 250 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $164.44, for a total value of $41,110.00. Following the sale, the director now directly owns 7,725 shares in the company, valued at $1,270,299. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Charles Thomas Mcmillen also recently made the following trade(s):

• On Tuesday, September 10th, Charles Thomas Mcmillen sold 1,000 shares of Nexstar Media Group stock. The shares were sold at an average price of $160.00, for a total value of $160,000.00.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $166.38 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.78 and a quick ratio of 1.78. Nexstar Media Group, Inc. has a fifty-two week low of $132.30 and a fifty-two week high of $187.27. The stock’s 50-day moving average is $168.52 and its two-hundred day moving average is $165.90. The firm has a market cap of $5.48 billion, a P/E ratio of 14.08, a PEG ratio of 0.19 and a beta of 1.49.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, August 8th. The company reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.94). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Nexstar Media Group had a return on equity of 18.65% and a net margin of 8.68%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.64 EPS. Analysts predict that Nexstar Media Group, Inc. will post 25.72 earnings per share for the current fiscal year.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $1.69 per share. The ex-dividend date was Friday, August 9th. This represents a $6.76 annualized dividend and a dividend yield of 4.06%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 57.19%.

Institutional Trading of Nexstar Media Group

Several large investors have recently made changes to their positions in the stock. Granite Group Advisors LLC boosted its stake in shares of Nexstar Media Group by 5.1% during the 1st quarter. Granite Group Advisors LLC now owns 1,489 shares of the company’s stock worth $257,000 after acquiring an additional 72 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Nexstar Media Group by 0.6% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after acquiring an additional 87 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Nexstar Media Group by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares during the period. Retirement Systems of Alabama boosted its stake in Nexstar Media Group by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 40,479 shares of the company’s stock valued at $6,974,000 after purchasing an additional 107 shares during the period. Finally, Signet Financial Management LLC boosted its stake in Nexstar Media Group by 4.3% during the 1st quarter. Signet Financial Management LLC now owns 2,716 shares of the company’s stock valued at $468,000 after purchasing an additional 113 shares during the period. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Benchmark reissued a “buy” rating and set a $225.00 price target on shares of Nexstar Media Group in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barrington Research reissued an “outperform” rating and set a $200.00 price target on shares of Nexstar Media Group in a research report on Thursday, August 8th. StockNews.com raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $201.67.

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.