Bernadette Aulestia Sells 300 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) Director Bernadette Aulestia sold 300 shares of Nexstar Media Group stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $186.80, for a total value of $56,040.00. Following the transaction, the director owned 4,383 shares in the company, valued at approximately $818,744.40. The trade was a 6.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $189.39 on Wednesday. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s fifty day moving average is $181.49 and its two-hundred day moving average is $198.71. The firm has a market capitalization of $5.84 billion, a P/E ratio of 36.35 and a beta of 0.91. Nexstar Media Group, Inc. has a fifty-two week low of $154.47 and a fifty-two week high of $254.30.

Nexstar Media Group (NASDAQ:NXST) last issued its earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 24.02% and a net margin of 3.20%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $3.06 earnings per share. The firm’s revenue was up 62.2% compared to the same quarter last year. On average, research analysts anticipate that Nexstar Media Group, Inc. will post 32.88 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, August 14th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 142.80%.

Hedge Funds Weigh In On Nexstar Media Group

Several large investors have recently made changes to their positions in the stock. Torren Management LLC acquired a new position in Nexstar Media Group during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nexstar Media Group in the third quarter valued at $28,000. Danske Bank A S purchased a new stake in shares of Nexstar Media Group in the 3rd quarter valued at $59,000. State of Wyoming purchased a new stake in shares of Nexstar Media Group in the 2nd quarter valued at $54,000. Finally, Harbor Investment Advisory LLC acquired a new position in Nexstar Media Group during the 2nd quarter worth about $63,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Zacks Research lowered Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Barrington Research reissued an “outperform” rating and set a $290.00 target price on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and an average target price of $259.00.

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.