Nexstar Media Group (NASDAQ:NXST) EVP Sells $44,581.41 in Stock

16 Jun 2026, 21:18 by Doug Wharley · The Cerbat Gem

Nexstar Media Group, Inc. (NASDAQ:NXST – Get Free Report) EVP Blake Russell sold 261 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $170.81, for a total transaction of $44,581.41. Following the completion of the transaction, the executive vice president owned 28,296 shares in the company, valued at $4,833,239.76. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Blake Russell also recently made the following trade(s):

On Wednesday, June 10th, Blake Russell sold 239 shares of Nexstar Media Group stock. The stock was sold at an average price of $176.42, for a total transaction of $42,164.38.
On Thursday, June 4th, Blake Russell sold 319 shares of Nexstar Media Group stock. The shares were sold at an average price of $182.42, for a total transaction of $58,191.98.
On Wednesday, May 27th, Blake Russell sold 185 shares of Nexstar Media Group stock. The shares were sold at an average price of $187.32, for a total transaction of $34,654.20.

Nexstar Media Group Price Performance

NXST traded down $0.18 during trading on Tuesday, hitting $172.11. 347,259 shares of the company traded hands, compared to its average volume of 321,549. 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 PE ratio of 36.93, a P/E/G ratio of 0.43 and a beta of 0.91. The stock’s 50-day simple moving average is $190.81 and its two-hundred day simple moving average is $207.01. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.53.

Nexstar Media Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on NXST shares. Deutsche Bank Aktiengesellschaft dropped 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 research note on Monday, May 11th. 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. Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $252.00 to $220.00 in a research note on Friday, April 10th. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Wells Fargo & Company dropped their price objective 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. One research 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’s stock. According to data from MarketBeat.com, Nexstar Media Group presently has an average rating of “Buy” and an average target price of $259.67.

View Our Latest Stock Report on NXST

Nexstar Media Group News Roundup

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 Investors Weigh In On Nexstar Media Group

Institutional investors have recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Nexstar Media Group in the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nexstar Media Group in the 3rd quarter worth about $28,000. WPG Advisers LLC lifted its holdings in shares of Nexstar Media Group by 65.7% in the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares during the last quarter. State of Wyoming bought a new stake in shares of Nexstar Media Group in the 2nd quarter worth about $54,000. Finally, Danske Bank A S bought a new stake in shares of Nexstar Media Group in the 3rd quarter worth about $59,000. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

(Get Free Report)

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.