Nexstar Media Group Inc (NASDAQ:NXST) EVP Elizabeth Ryder sold 7,392 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $81.02, for a total transaction of $598,899.84. Following the transaction, the executive vice president now owns 12,827 shares of the company’s stock, valued at approximately $1,039,243.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Elizabeth Ryder also recently made the following trade(s):

  • On Friday, September 14th, Elizabeth Ryder sold 121 shares of Nexstar Media Group stock. The stock was sold at an average price of $82.00, for a total transaction of $9,922.00.

NASDAQ NXST opened at $82.40 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.43 and a current ratio of 2.43. Nexstar Media Group Inc has a 1 year low of $58.10 and a 1 year high of $89.75. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.03 and a beta of 1.89.

Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.14. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. The firm had revenue of $660.30 million for the quarter, compared to analyst estimates of $657.92 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts anticipate that Nexstar Media Group Inc will post 8.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, August 9th. Nexstar Media Group’s dividend payout ratio (DPR) is currently 37.69%.

NXST has been the subject of several recent research reports. Noble Financial cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, August 20th. BidaskClub cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. B. Riley increased their target price on shares of Nexstar Media Group from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. ValuEngine upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Finally, Stephens set a $94.00 target price on shares of Nexstar Media Group and gave the stock a “buy” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Nexstar Media Group has an average rating of “Buy” and an average price target of $90.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of NXST. Windacre Partnership LLC raised its position in Nexstar Media Group by 102.2% during the first quarter. Windacre Partnership LLC now owns 1,515,000 shares of the company’s stock worth $100,748,000 after acquiring an additional 765,700 shares in the last quarter. P2 Capital Partners LLC raised its position in shares of Nexstar Media Group by 59.1% in the first quarter. P2 Capital Partners LLC now owns 1,865,329 shares of the company’s stock valued at $124,044,000 after purchasing an additional 692,829 shares during the period. TPG Group Holdings SBS Advisors Inc. bought a new position in shares of Nexstar Media Group in the second quarter valued at about $34,247,000. Brown Advisory Inc. raised its position in shares of Nexstar Media Group by 36.8% in the second quarter. Brown Advisory Inc. now owns 1,083,408 shares of the company’s stock valued at $79,523,000 after purchasing an additional 291,197 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Nexstar Media Group by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,862,138 shares of the company’s stock valued at $136,684,000 after purchasing an additional 257,729 shares during the period.

Nexstar Media Group Company Profile

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

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