Nexstar Media Group's Andrew Alford Sells Company Shares

On June 16, 2026, Andrew Alford, the President of Broadcasting at Nexstar Media Group, Inc., sold 746 shares of the company. The shares were sold at an average price of $170.81 each, bringing the total transaction value to $127,424.26. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Nexstar Media Group, Inc.

Several other executives at Nexstar Media Group also sold shares on June 16, 2026. Blake Russell, EVP of Operations, sold 261 shares, while Brett Jenkins, EVP and Chief Technology & Digital Officer, sold 301 shares. Dana Zimmer, President of Distribution & Strategy, sold 876 shares. Gary Weitman, EVP and Chief Communications Officer, and Lee Ann Gliha, EVP and Chief Financial Officer, sold 261 and 373 shares, respectively. All transactions were executed at the same price of $170.81 per share.

Other Institutional Activity in Nexstar Media Group

Among institutional investors, BlackRock, Inc. increased its holdings by 35,365 shares to a total of 3,217,716 shares, valued at approximately $581.9 million. Vanguard Portfolio Management LLC initiated a new position with 1,433,495 shares worth around $259.2 million. In contrast, Dimensional Fund Advisors LP reduced its stake by 13,842 shares, leaving it with 1,388,430 shares valued at $251.1 million. LSV Asset Management also cut its position by 68,637 shares to 1,008,316 shares, valued at $182.3 million.

Nexstar Media Group, Inc. Stock Down 6.1%

Shares of Nexstar Media Group, trading on the NasdaqGS under the ticker NXST, were priced at $172.11. The company has a market capitalization of approximately $5.26 billion. It features a price-to-earnings (P/E) ratio of 36.6 and a forward P/E of 7.1, indicating expectations of future earnings growth. The stock's beta is 0.9, suggesting it is less volatile than the market. Over the past 52 weeks, the price has ranged from $164.00 to $254.30. Its 50-day moving average is $191.62, and the 200-day moving average is $203.95.

Recent Earnings

Nexstar Media Group reported revenue of $5.11 billion, with a growth rate of 13.1%. The company's earnings per share (EPS) stood at $4.71. Its net profit margin was 3.23%, and return on equity (ROE) was 6.61%. The next earnings report is scheduled for August 6, 2026.

Dividend

Nexstar Media Group pays an annual dividend of $7.44 per share, yielding 4.32%. The payout ratio is 157.63%, indicating the dividend exceeds current earnings, which may be unsustainable in the long term.

Analysts Set New Price Targets

Analysts remain bullish on Nexstar Media Group. On May 8, 2026, Wells Fargo maintained a 'buy' rating with a price target of $253. Barrington Research, on April 28, maintained a 'buy' rating with a target of $290. Citigroup upgraded the stock to 'buy' on April 10, with a $220 target. Overall, the consensus among analysts is positive, with a mean target price of $251.63 based on eight opinions.

About Nexstar Media Group

Nexstar Media Group, Inc., headquartered in Irving, Texas, operates as a diversified media company. It produces and distributes local and national news, sports, and entertainment content across television and digital platforms in the U.S. The company owns and operates television and radio stations, provides programming services, and offers digital media solutions. Nexstar also owns NewsNation, a national cable news network, and WGN-AM, a Chicago radio station. Founded in 1996, the company is led by CEO Perry A. Sook.

Bottom Line

Andrew Alford's share sale is part of a broader pattern of insider transactions at Nexstar Media Group. While insider selling often raises eyebrows, it's important to consider the company's overall financial health and market performance. With a solid analyst outlook and upcoming earnings report, investors will be watching Nexstar closely. Remember, insider trades are disclosed after the fact and may not indicate future stock performance.