Nexstar Media Group (NASDAQ:NXST) Insider Andrew Alford Sells 746 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Andrew Alford sold 746 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $170.81, for a total value of $127,424.26. Following the completion of the sale, the insider owned 14,549 shares in the company, valued at approximately $2,485,114.69. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Andrew Alford also recently made the following trade(s):

• On Wednesday, June 10th, Andrew Alford sold 778 shares of Nexstar Media Group stock. The shares were sold at an average price of $176.42, for a total value of $137,254.76.
• On Thursday, June 4th, Andrew Alford sold 368 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total value of $67,130.56.
• On Thursday, May 28th, Andrew Alford sold 605 shares of Nexstar Media Group stock. The shares were sold at an average price of $185.33, for a total value of $112,124.65.
• On Wednesday, May 27th, Andrew Alford sold 395 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total value of $73,991.40.

Nexstar Media Group Stock Down 0.1%

Nexstar Media Group stock opened at $172.11 on Wednesday. Nexstar Media Group, Inc. has a 1-year low of $164.00 and a 1-year high of $254.30. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $5.26 billion, a PE ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. The stock’s fifty day moving average is $190.81 and its two-hundred day moving average is $207.01.

Nexstar Media Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $7.44 annualized dividend and a dividend yield of 4.3%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 159.66%.

More 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

Hedge Funds Weigh In On Nexstar Media Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. M&T Bank Corp grew its holdings in shares of Nexstar Media Group by 2,573.4% during the fourth quarter. M&T Bank Corp now owns 140,112 shares of the company’s stock worth $28,494,000 after buying an additional 134,871 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nexstar Media Group by 3,648.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,995 shares of the company’s stock worth $13,197,000 after buying an additional 63,261 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Nexstar Media Group by 157.2% during the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock worth $73,960,000 after buying an additional 228,603 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nexstar Media Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after buying an additional 13,084 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Nexstar Media Group by 2.0% during the third quarter. Victory Capital Management Inc. now owns 296,200 shares of the company’s stock worth $58,571,000 after buying an additional 5,762 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NXST. Guggenheim raised their price objective on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Nexstar Media Group in a report on Tuesday, April 28th. Benchmark dropped their price objective on Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $259.67.

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.