NXST Insider Michael Biard Sells Shares
Michael Biard, President & COO of NXST, sold 1,227 shares on June 12, 2026.
Key Points
- Michael Biard, NXST's President & COO, sold 1,227 shares at $174.21 each, totaling $213,755.67 on June 12, 2026.
- NXST shares traded at $174.95, with significant holdings from BlackRock and Vanguard.
- Analysts like Wells Fargo and Citigroup have set buy ratings, with price targets up to $290.
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Michael Biard, the President and COO of NXST, sold 1,227 shares of the company on June 12, 2026. The shares were sold at an average price of $174.21, amounting to a total transaction value of $213,755.67. This sale was not part of a pre-planned trading program.
Other Institutional Activity in NXST
Several institutional investors have recently adjusted their positions in NXST. BlackRock, Inc. increased its holdings by 35,365 shares, ending with a total of 3,217,716 shares valued at approximately $581.9 million. Vanguard Portfolio Management LLC added a significant 1,433,495 shares, bringing its total to the same number, valued at $259.2 million. In contrast, Dimensional Fund Advisors LP reduced its stake by 13,842 shares, leaving it with 1,388,430 shares worth about $251.1 million. LSV Asset Management also trimmed its position by 68,637 shares, maintaining 1,008,316 shares valued at $182.3 million.
Insider Buying and Selling at Nexstar Media Group, Inc.
On June 12, 2026, Michael Biard, President & COO, sold 1,227 shares at $174.21 per share. Gary Weitman, EVP and Chief Communications Officer, also sold 194 shares at the same price. Earlier, on June 10, 2026, Blake Russell, EVP of Operations, sold 239 shares at $176.42 each. Andrew Alford, President of Broadcasting, and Dana Zimmer, President of Distribution & Strategy, sold 778 and 915 shares, respectively, at the same price. Brett Jenkins, EVP and Chief Technology & Digital Officer, sold 284 shares at $176.42.
Analysts Set New Price Targets
Analysts have been active in setting new price targets for NXST. On May 8, 2026, Wells Fargo maintained its buy rating with a price target of $253. Citigroup upgraded the stock to a buy with a target of $220 on April 10, 2026. Barrington Research maintained a buy rating with a target of $290 on April 28, 2026. Deutsche Bank also kept its buy rating with a $270 target on March 23, 2026.
Bottom Line
Michael Biard's recent sale of NXST shares is part of a broader pattern of insider transactions at the company. Institutional investors like BlackRock and Vanguard have shown varied activity, with some increasing and others decreasing their holdings. Analysts remain optimistic, with several buy ratings and high price targets, indicating confidence in the company's future prospects.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.