Insider Selling: Nexstar Media Group (NASDAQ:NXST) Insider Sells $33,796.74 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Gary Weitman sold 194 shares of Nexstar Media Group stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $174.21, for a total value of $33,796.74. Following the completion of the transaction, the insider directly owned 6,568 shares in the company, valued at approximately $1,144,211.28. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gary Weitman also recently made the following trade(s):

• On Tuesday, June 16th, Gary Weitman sold 261 shares of Nexstar Media Group stock. The stock was sold at an average price of $170.81, for a total value of $44,581.41.
• On Thursday, June 4th, Gary Weitman sold 319 shares of Nexstar Media Group stock. The stock was sold at an average price of $182.42, for a total value of $58,191.98.
• On Wednesday, May 27th, Gary Weitman sold 184 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,466.88.

Nexstar Media Group Stock Performance

Shares of NXST opened at $165.82 on Thursday. 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 stock has a market capitalization of $5.06 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. The firm’s fifty day simple moving average is $190.41 and its two-hundred day simple moving average is $206.83. Nexstar Media Group, Inc. has a 12 month low of $163.67 and a 12 month high of $254.30.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 dividend on an annualized basis and a yield of 4.5%. Nexstar Media Group’s dividend payout ratio is 159.66%.

Key Stories Impacting Nexstar Media Group

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Nexstar said shareholders approved all proposals at its 2026 annual meeting, including board elections, executive compensation, auditor ratification, and the 2026 long-term incentive plan. That vote removes a near-term governance overhang and suggests shareholder support for management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s Locked On Podcast Network, operated through TEGNA, said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting continued growth in digital audience engagement. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Several Nexstar executives, including the CFO and multiple EVPs, sold small amounts of stock at the same price, but the filings indicate the sales were made to cover tax withholding tied to vesting equity awards rather than discretionary selling. SEC filing
• Neutral Sentiment: Analyst commentary remains generally constructive, with several firms maintaining buy-style ratings, but that support is offset by ongoing concerns around leverage and recent legal headlines. Nexstar Media Group insider trades page
• Negative Sentiment: Insider selling has been persistent over the past several months, with no reported open-market insider buying. Even though the latest trades were tax-related, the repeated sales can weigh on investor sentiment and raise caution about near-term confidence in the stock. Insider buying and selling alert

Hedge Funds Weigh In On Nexstar Media Group

Institutional investors have recently made changes to their positions in the stock. Torren Management LLC acquired a new position in shares of Nexstar Media Group during the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $28,000. WPG Advisers LLC raised its holdings in shares of Nexstar Media Group by 65.7% during the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares during the period. Danske Bank A S acquired a new position in shares of Nexstar Media Group during the third quarter valued at about $59,000. Finally, State of Wyoming acquired a new position in shares of Nexstar Media Group during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NXST. Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $252.00 to $220.00 in a research note on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Wells Fargo & Company dropped their target price on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $259.67.

About Nexstar Media Group

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.