Nexstar Media Group EVP Lindsey Knapp Sells Shares

Lindsey Knapp, Executive Vice President of Human Resources at Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 93 shares of the company on June 16, 2026. The shares were sold at an average price of $170.81, bringing the total transaction value to $15,885.33. This sale was not part of a pre-planned trading program.

Other Institutional Activity in Nexstar Media Group

Several major institutional investors have made changes to their holdings in Nexstar Media Group recently. BlackRock, Inc. increased its holdings by 35,365 shares, ending with a total of 3,217,716 shares valued at about $581.86 million. Vanguard Portfolio Management LLC took a new position, adding 1,433,495 shares worth $259.22 million. Meanwhile, Dimensional Fund Advisors LP trimmed its stake by 13,842 shares, leaving it with 1,388,430 shares valued at $251.09 million. LSV Asset Management reduced its holdings by 68,637 shares, finishing with 1,008,316 shares worth $182.33 million.

Nexstar Media Group, Inc. Stock Down 6.1%

Shares of Nexstar Media Group, Inc. (NasdaqGS: NXST) recently traded around $172.11. The company has a market capitalization of approximately $5.26 billion. Its current P/E ratio is 36.58, with a forward P/E of 7.12, indicating expectations for future earnings growth. The stock has a beta of 0.9, suggesting it is less volatile than the market. Over the past 52 weeks, the stock has ranged from a low of $164.00 to a high of $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 revenues of $5.11 billion, reflecting a growth rate of 13.1%. The company posted an earnings per share (EPS) of $4.71. Nexstar's net margin stands at 3.23%, while the return on equity is 6.61%. The next earnings report is expected on August 6, 2026.

Dividend

Nexstar Media Group offers an annual dividend rate of $7.44 per share, resulting in a yield of 4.32%. The dividend payout ratio is high at 157.63%, indicating that the company returns a significant portion of its earnings to shareholders.

Insider Buying and Selling at Nexstar Media Group, Inc.

In addition to Lindsey Knapp's sale, several other Nexstar executives also sold shares on June 16, 2026. Andrew Alford, President of Broadcasting, sold 746 shares. Blake Russell, EVP of Operations, sold 261 shares. Brett Jenkins, EVP and Chief Technology & Digital Officer, sold 301 shares. Dana Zimmer, President of Distribution & Strategy, sold 876 shares, and Gary Weitman, EVP and Chief Communications Officer, sold 261 shares. Lee Ann Gliha, EVP and Chief Financial Officer, also sold 373 shares. All sales were at the same price of $170.81 per share.

Analysts Set New Price Targets

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

About Nexstar Media Group, Inc.

Nexstar Media Group, Inc. is a major player in the communication services sector, focusing on broadcasting. Headquartered in Irving, Texas, and led by CEO Perry A. Sook, the company operates television and radio stations across the United States. Nexstar also owns NewsNation, a national cable news network, and WGN-AM, a Chicago radio station. Its digital assets include numerous local websites and mobile applications, providing a variety of news, sports, and entertainment content.

Bottom Line

Lindsey Knapp's recent sale of Nexstar Media Group shares is part of broader insider activity at the company. Investors often track such transactions for insights into executive sentiment. Nexstar's stock performance, institutional activity, and analyst ratings provide a comprehensive view of its market standing. As always, it's important to remember that insider sales don't necessarily indicate negative prospects for the company.