Insider Selling: Nexstar Media Group Inc (NXST) Director Sells 3,125 Shares of Stock

Nexstar Media Group Inc (NASDAQ:NXST) Director Dennis Miller sold 3,125 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $72.31, for a total value of $225,968.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dennis Miller also recently made the following trade(s):

  • On Thursday, March 21st, Dennis Miller sold 3,125 shares of Nexstar Media Group stock. The shares were sold at an average price of $108.61, for a total value of $339,406.25.

Nexstar Media Group stock traded up $1.42 during midday trading on Wednesday, reaching $116.87. The company had a trading volume of 9,287 shares, compared to its average volume of 534,295. The firm has a market capitalization of $5.21 billion, a PE ratio of 13.69, a P/E/G ratio of 1.73 and a beta of 1.58. Nexstar Media Group Inc has a 12-month low of $60.30 and a 12-month high of $119.93. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.08.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $3.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.54 by $0.01. The firm had revenue of $798.02 million for the quarter, compared to analyst estimates of $787.00 million. Nexstar Media Group had a net margin of 14.08% and a return on equity of 23.72%. Nexstar Media Group’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $7.97 EPS. On average, sell-side analysts predict that Nexstar Media Group Inc will post 6.67 EPS for the current fiscal year.

A number of brokerages recently issued reports on NXST. Benchmark reiterated a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of Nexstar Media Group in a report on Thursday, March 21st. B. Riley increased their target price on shares of Nexstar Media Group from $123.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. ValuEngine raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Barrington Research reissued a “buy” rating and set a $110.00 target price on shares of Nexstar Media Group in a research note on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Saturday, February 23rd. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $109.50.

Institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in Nexstar Media Group in the 4th quarter valued at about $28,000. State of Alaska Department of Revenue purchased a new position in Nexstar Media Group in the 1st quarter valued at about $66,000. Investors Research Corp purchased a new position in Nexstar Media Group in the 1st quarter valued at about $97,000. Fort L.P. purchased a new position in Nexstar Media Group in the 4th quarter valued at about $77,000. Finally, Bank of Montreal Can lifted its stake in Nexstar Media Group by 35.4% in the 4th quarter. Bank of Montreal Can now owns 1,228 shares of the company’s stock valued at $96,000 after buying an additional 321 shares in the last quarter.

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Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets. It offers free over-the-air programming to television viewing audiences.

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Insider Buying and Selling by Quarter for Nexstar Media Group (NASDAQ:NXST)

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