Nexstar Media Group (NASDAQ:NXST) EVP Sells $15,885.33 in Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) EVP Lindsey Knapp sold 93 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $15,885.33. Following the transaction, the executive vice president owned 1,152 shares in the company, valued at approximately $196,773.12. This trade represents a 7.47% decrease in their position. The sale was disclosed in a legal 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.

Lindsey Knapp also recently made the following trade(s):

• On Tuesday, June 2nd, Lindsey Knapp sold 290 shares of Nexstar Media Group stock. The stock was sold at an average price of $184.27, for a total transaction of $53,438.30.
• On Wednesday, May 27th, Lindsey Knapp sold 92 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total transaction of $17,233.44.

Nexstar Media Group Stock Down 0.1%

Shares of NXST traded down $0.18 during mid-day trading on Tuesday, hitting $172.11. 347,259 shares of the company’s stock were exchanged, compared to its average volume of 321,549. The firm has a fifty day moving average of $190.81 and a two-hundred day moving average of $207.01. Nexstar Media Group, Inc. has a twelve month low of $164.00 and a twelve month high of $254.30. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.53.

Nexstar Media Group Announces Dividend

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

Trending Headlines about Nexstar Media Group

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NXST. Dorsal Capital Management LP bought a new position in Nexstar Media Group during the 3rd quarter worth approximately $74,152,000. QVT Financial LP boosted its stake in Nexstar Media Group by 200.0% during the 4th quarter. QVT Financial LP now owns 155,281 shares of the company’s stock worth $31,530,000 after acquiring an additional 310,562 shares during the last quarter. AQR Capital Management LLC lifted its stake in Nexstar Media Group by 118.1% in the second quarter. AQR Capital Management LLC now owns 543,612 shares of the company’s stock valued at $93,795,000 after buying an additional 294,308 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Nexstar Media Group by 157.2% in the third quarter. JPMorgan Chase & Co. now owns 374,027 shares of the company’s stock valued at $73,960,000 after buying an additional 228,603 shares in the last quarter. Finally, Norges Bank bought a new position in Nexstar Media Group in the fourth quarter valued at approximately $41,474,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NXST shares. Barrington Research reiterated an “outperform” rating and issued a $290.00 target price on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and reduced their price target for the company from $252.00 to $220.00 in a report on Friday, April 10th. Guggenheim increased their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 27th. Benchmark reduced their price objective on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.