Nexstar Media Group (NASDAQ:NXST) EVP Lindsey Knapp Sells 290 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lindsey Knapp sold 290 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $184.27, for a total transaction of $53,438.30. Following the transaction, the executive vice president directly owned 870 shares in the company, valued at approximately $160,314.90. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lindsey Knapp also recently made the following trade(s):

• 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 value of $17,233.44.

Nexstar Media Group Stock Up 0.2%

Shares of NASDAQ:NXST opened at $181.52 on Thursday. The business has a 50-day moving average price of $194.65 and a 200 day moving average price of $207.71. Nexstar Media Group, Inc. has a 12-month low of $164.00 and a 12-month high of $254.30. 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 market capitalization of $5.54 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 0.46 and a beta of 0.91.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $1.86 dividend. 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 4.1%. Nexstar Media Group’s dividend payout ratio is presently 159.66%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Guggenheim upped their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Benchmark reduced their price target on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nexstar Media Group has an average rating of “Buy” and a consensus price target of $259.67.

Institutional Trading of Nexstar Media Group

Hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in Nexstar Media Group in the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Nexstar Media Group in the third quarter valued at approximately $28,000. WPG Advisers LLC raised its holdings in Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Nexstar Media Group by 164.5% in the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Nexstar Media Group in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

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.