Blake Russell Sells 261 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Blake Russell sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total value of $44,581.41. Following the completion of the transaction, the executive vice president directly owned 28,296 shares in the company, valued at approximately $4,833,239.76. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Blake Russell also recently made the following trade(s):

• On Wednesday, June 10th, Blake Russell sold 239 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total transaction of $42,164.38.
• On Thursday, June 4th, Blake Russell sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $58,191.98.
• On Wednesday, May 27th, Blake Russell sold 185 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,654.20.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST opened at $165.82 on Thursday. The firm’s 50-day moving average price is $190.41 and its 200-day moving average price is $206.83. Nexstar Media Group, Inc. has a 1-year low of $163.67 and a 1-year high of $254.30. The firm has a market capitalization of $5.06 billion, a P/E ratio of 35.58, a P/E/G ratio of 0.43 and a beta of 0.91. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53.

Nexstar Media Group Announces Dividend

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

Wall Street Analysts Forecast Growth

NXST has been the topic of a number of research reports. Guggenheim upped their target price on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Benchmark lowered their target price on 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. Citigroup raised Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $259.67.

Institutional Investors Weigh In On Nexstar Media Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Nexstar Media Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,402,272 shares of the company’s stock valued at $284,738,000 after buying an additional 10,949 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Nexstar Media Group by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,727 shares of the company’s stock valued at $239,950,000 after buying an additional 23,360 shares during the last quarter. Alliancebernstein L.P. raised its position in Nexstar Media Group by 27.1% in the 2nd quarter. Alliancebernstein L.P. now owns 882,322 shares of the company’s stock valued at $152,598,000 after buying an additional 187,864 shares during the last quarter. Geode Capital Management LLC raised its position in Nexstar Media Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock valued at $157,114,000 after buying an additional 13,084 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Nexstar Media Group by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock valued at $116,427,000 after buying an additional 11,477 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Nexstar Media Group News Roundup

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

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.