Michael Biard Sells 1,227 Shares of Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) COO Michael Biard sold 1,227 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $174.21, for a total value of $213,755.67. Following the completion of the transaction, the chief operating officer directly owned 17,105 shares of the company’s stock, valued at $2,979,862.05. This trade represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Biard also recently made the following trade(s):

• On Wednesday, May 27th, Michael Biard sold 989 shares of Nexstar Media Group stock. The stock was sold at an average price of $187.32, for a total value of $185,259.48.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $172.11 on Wednesday. Nexstar Media Group, Inc. has a 12-month low of $164.00 and a 12-month high of $254.30. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. The business has a 50 day simple moving average of $190.81 and a 200 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 Announces Dividend

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

Hedge Funds Weigh In On Nexstar Media Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC bought a new position in Nexstar Media Group during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in Nexstar Media Group during the 3rd quarter valued at $28,000. WPG Advisers LLC lifted its position in shares of Nexstar Media Group by 65.7% during the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the last quarter. State of Wyoming acquired a new stake in shares of Nexstar Media Group during the 2nd quarter valued at $54,000. Finally, Danske Bank A S acquired a new stake in shares of Nexstar Media Group during the 3rd quarter valued at $59,000. 95.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXST. Deutsche Bank Aktiengesellschaft decreased their price objective on Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating for the company in a report on Monday, May 11th. Wall Street Zen raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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. Zacks Research raised Nexstar Media Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Guggenheim increased their price target on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One research 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. According to MarketBeat, Nexstar Media Group presently has an average rating of “Buy” and an average target price of $259.67.

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

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.