Nexstar Media Group, Inc. $NXST Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 77.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,000 shares of the company’s stock after selling 7,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nexstar Media Group were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NXST. Childress Capital Advisors LLC raised its holdings in Nexstar Media Group by 9.0% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,599 shares of the company’s stock valued at $258,000 after acquiring an additional 132 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Nexstar Media Group by 37.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,351 shares of the company’s stock worth $380,000 after purchasing an additional 643 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Nexstar Media Group by 3.5% during the third quarter. Verdence Capital Advisors LLC now owns 19,931 shares of the company’s stock worth $3,220,000 after purchasing an additional 682 shares during the last quarter. Equity Wealth Partners LLC boosted its holdings in shares of Nexstar Media Group by 23.4% during the third quarter. Equity Wealth Partners LLC now owns 4,560 shares of the company’s stock worth $737,000 after purchasing an additional 865 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Nexstar Media Group by 94.9% during the third quarter. Signaturefd LLC now owns 606 shares of the company’s stock worth $98,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target to $250 from $249 and reaffirmed its Overweight rating. The new target implies about 31.6% upside from the cited $190.02 share price. Wells Fargo rating information
• Positive Sentiment: Third-quarter revenue reached a record $2.13 billion, up 78% year over year and above the $2.07 billion analyst estimate. Nexstar said political advertising revenue reached a record $1.1 billion for 2026, 31% higher than in the 2022 midterm cycle, providing a major boost to results. Nexstar Q3 revenue and political advertising
• Negative Sentiment: Adjusted earnings were $7.92 per share, below the $8.08 consensus estimate. The earnings miss tempers the otherwise strong revenue growth. Nexstar Q3 earnings results

Insider Buying and Selling

In other Nexstar Media Group news, insider Dana Zimmer sold 4,008 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.46, for a total value of $751,339.68. Following the completion of the transaction, the insider owned 1,792 shares in the company, valued at $335,928.32. This represents a 69.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Biard sold 2,465 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $185.82, for a total value of $458,046.30. Following the completion of the transaction, the chief operating officer owned 20,890 shares of the company’s stock, valued at approximately $3,881,779.80. This represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 9,596 shares of company stock valued at $1,733,169. Corporate insiders own 7.00% of the company’s stock.

Nexstar Media Group Stock Up 1.1%

Shares of NASDAQ NXST opened at $190.02 on Friday. Nexstar Media Group, Inc. has a 12-month low of $153.17 and a 12-month high of $254.30. The company has a market cap of $5.85 billion, a P/E ratio of 17.29 and a beta of 0.97. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 5.09. The stock has a fifty day moving average price of $167.80 and a 200 day moving average price of $191.75.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings data on Thursday, November 5th. The company reported $7.92 EPS for the quarter, missing analysts’ consensus estimates of $8.08 by ($0.16). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.07 billion. Nexstar Media Group had a return on equity of 33.40% and a net margin of 5.48%. The company’s revenue for the quarter was up 78.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. Research analysts anticipate that Nexstar Media Group, Inc. will post 32.88 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $1.86 dividend. The ex-dividend date is Friday, November 13th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. Nexstar Media Group’s dividend payout ratio (DPR) is 67.70%.

Analysts Set New Price Targets

Several equities analysts recently commented on NXST shares. Zacks Research lowered Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen upgraded Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft decreased their price target on Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a report on Monday, August 24th. Finally, Wells Fargo & Company lifted their price target on Nexstar Media Group from $249.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.67.

About Nexstar Media Group

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.