Nexstar Media Group (NASDAQ:NXST) Insider Brett Jenkins Sells 301 Shares

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Brett Jenkins sold 301 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $51,413.81. Following the completion of the sale, the insider directly owned 28,798 shares of the company’s stock, valued at approximately $4,918,986.38. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brett Jenkins also recently made the following trade(s):

• On Wednesday, June 10th, Brett Jenkins sold 284 shares of Nexstar Media Group stock. The stock was sold at an average price of $176.42, for a total transaction of $50,103.28.
• On Thursday, June 4th, Brett Jenkins sold 397 shares of Nexstar Media Group stock. The stock was sold at an average price of $182.42, for a total transaction of $72,420.74.
• On Wednesday, May 27th, Brett Jenkins sold 229 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total transaction of $42,896.28.

Nexstar Media Group Stock Down 0.1%

Shares of NASDAQ NXST opened at $172.11 on Wednesday. The firm has a 50-day simple moving average of $190.81 and a two-hundred day simple moving average of $207.01. The company has a debt-to-equity ratio of 5.53, a current ratio of 1.76 and a quick ratio of 1.76. Nexstar Media Group, Inc. has a 1 year low of $164.00 and a 1 year high of $254.30. The company has a market cap of $5.26 billion, a P/E ratio of 36.93, a PEG ratio of 0.43 and a beta of 0.91.

Nexstar Media Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 15th. Nexstar Media Group’s payout ratio is currently 159.66%.

Key Headlines Impacting 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

Hedge Funds Weigh In On Nexstar Media Group

A number of large investors have recently bought and sold shares of NXST. Integrated Wealth Concepts LLC bought a new position in Nexstar Media Group in the first quarter worth approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Nexstar Media Group by 49.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company’s stock worth $2,844,000 after buying an additional 5,251 shares in the last quarter. Millennium Management LLC raised its stake in Nexstar Media Group by 571.4% in the first quarter. Millennium Management LLC now owns 72,650 shares of the company’s stock worth $13,020,000 after buying an additional 61,830 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Nexstar Media Group by 14.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company’s stock worth $23,802,000 after buying an additional 16,637 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Nexstar Media Group in the first quarter worth approximately $654,000. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $252.00 to $220.00 in a research note on Friday, April 10th. Wells Fargo & Company decreased their price target on shares of Nexstar Media Group from $290.00 to $253.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a research note on Tuesday, April 28th. Finally, Zacks Research raised shares of Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Nexstar Media Group currently has an average rating of “Buy” and a consensus 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.