Nexstar Media Group (NASDAQ:NXST) EVP Lee Ann Gliha Sells 373 Shares of Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lee Ann Gliha sold 373 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 transaction of $63,712.13. Following the completion of the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at $3,429,010.75. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lee Ann Gliha also recently made the following trade(s):

• On Wednesday, June 10th, Lee Ann Gliha sold 752 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total transaction of $132,667.84.
• On Thursday, June 4th, Lee Ann Gliha sold 258 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $47,064.36.
• On Wednesday, May 27th, Lee Ann Gliha sold 742 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $138,991.44.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST opened at $172.11 on Wednesday. The firm has a 50 day moving average of $190.81 and a 200-day moving average of $207.01. The stock has a market capitalization of $5.26 billion, a PE ratio of 36.93, a PEG ratio of 0.43 and a beta of 0.91. 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.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors 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 yield of 4.3%. The ex-dividend date was Friday, May 15th. Nexstar Media Group’s dividend payout ratio is currently 159.66%.

Institutional Investors Weigh In On Nexstar Media Group

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in Nexstar Media Group by 7,750.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,028 shares of the company’s stock worth $1,633,000 after acquiring an additional 8,913 shares during the last quarter. Western Wealth Management LLC bought a new stake in Nexstar Media Group during the 1st quarter worth approximately $1,229,000. Bank of America Corp DE grew its holdings in Nexstar Media Group by 17.0% during the 1st quarter. Bank of America Corp DE now owns 173,269 shares of the company’s stock worth $31,332,000 after acquiring an additional 25,193 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Nexstar Media Group by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock worth $116,427,000 after acquiring an additional 11,477 shares during the last quarter. Finally, Strategic Investment Advisors MI bought a new stake in Nexstar Media Group during the 1st quarter worth approximately $154,000. 95.30% of the stock is owned by institutional investors.

Key Nexstar Media Group News

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Shareholders approved all proposals at Nexstar’s 2026 annual meeting, including board elections, executive pay, auditor ratification, and the 2026 long-term incentive plan. This removes an overhang and signals shareholder backing of management. Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting
• Positive Sentiment: Nexstar’s TEGNA-owned Locked On Podcast Network said it is on track to reach 1 billion listens, views, and social engagements by the end of 2026, highlighting strong audience growth and engagement in digital media. Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements
• Neutral Sentiment: Multiple Nexstar executives, including the CFO, COO, and several EVPs, sold shares at the same price to cover tax withholding tied to vesting equity awards. These sales were routine and disclosed in SEC filings, but the volume of insider selling may still weigh on sentiment. SEC filing
• Neutral Sentiment: Over the past six months, insiders have sold NXST shares repeatedly with no reported open-market purchases, which can raise caution among investors even though the transactions appear compensation-related. Insider buying and selling alert

Analysts Set New Price Targets

NXST has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Guggenheim upped their price objective on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Barrington Research reiterated an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Wednesday, May 27th. Finally, Citigroup upgraded shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $252.00 to $220.00 in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $259.67.

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.