Blake Russell Sells Shares in Nexstar Media Group
Blake Russell, EVP of Operations at Nexstar Media Group, sold 261 shares on June 16, 2026.
Key Points
- Blake Russell, EVP of Operations at Nexstar Media Group, sold 261 shares worth $44,581.41 on June 16, 2026.
- Nexstar Media Group, Inc. has a market cap of $5.26 billion and a forward P/E ratio of 7.12.
- Wells Fargo and Barrington Research maintained a 'buy' rating on NXST with price targets of $253 and $290, respectively.
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On June 16, 2026, Blake Russell, the Executive Vice President of Operations at Nexstar Media Group, Inc. (NasdaqGS: NXST), sold 261 shares of the company. The shares were sold at an average price of $170.81, totaling $44,581.41. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Nexstar Media Group, Inc.
Several insiders at Nexstar Media Group executed stock transactions on June 16, 2026. Blake Russell sold 261 shares, while Andrew Alford, President of Broadcasting, sold 746 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 at the same price of $170.81 per share.
Other Institutional Activity in Nexstar Media Group
Among the notable institutional investors, BlackRock, Inc. increased its holdings by 35,365 shares, bringing its total to 3,217,716 shares valued at approximately $581.86 million. Vanguard Portfolio Management LLC also made a significant addition, acquiring 1,433,495 shares, resulting in a total holding of 1,433,495 shares worth about $259.22 million. Conversely, Dimensional Fund Advisors LP reduced its stake by 13,842 shares, holding 1,388,430 shares valued at $251.09 million. LSV Asset Management cut its position by 68,637 shares, holding 1,008,316 shares worth $182.33 million. Charles Schwab Investment Management Inc. decreased its holdings by 195,329 shares to 986,398 shares, valued at $178.37 million.
Nexstar Media Group, Inc. Stock Down 6.1%
Shares of Nexstar Media Group (NasdaqGS: NXST) traded around $172.11. The company boasts a market capitalization of approximately $5.26 billion, with a P/E ratio of 36.58 and a forward P/E ratio of 7.12. The stock has a beta of 0.9, indicating lower volatility compared to the market. Over the past 52 weeks, the stock has ranged from $164.00 to $254.30, with a 50-day moving average of $191.62 and a 200-day moving average of $203.95.
$NXST stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Nexstar Media Group reported revenues of $5.11 billion, showing a growth rate of 13.1%. The company's earnings per share (EPS) stood at $4.71, with a net margin of 3.23% and a return on equity (ROE) of 6.61%. Investors are looking forward to the next earnings release scheduled for August 6, 2026.
Dividend
Nexstar Media Group offers an annual dividend rate of $7.44, yielding 4.32%. The dividend payout ratio is 157.63%, indicating that the company returns a significant portion of its earnings to shareholders.
Analysts Set New Price Targets
Analysts remain optimistic about Nexstar Media Group's prospects. On May 8, 2026, Wells Fargo maintained a 'buy' rating with a price target of $253. Barrington Research also maintained a 'buy' rating, setting a target of $290 as of April 28, 2026. Citigroup upgraded the stock to a 'buy' with a $220 target on April 10, 2026. Overall, the consensus among eight analysts is a 'buy', with a mean price target of $251.63.
About Nexstar Media Group
Nexstar Media Group, Inc. is a major player in the Communication Services sector, specifically in broadcasting. Based in Irving, Texas, and led by CEO Perry A. Sook, the company operates a wide array of media assets. It distributes local and national news, sports, and entertainment content across television and digital platforms. Nexstar owns and operates television and radio stations, provides programming services, and offers digital advertising solutions. Additionally, it owns NewsNation and WGN-AM, a Chicago radio station, among other digital assets.
Bottom Line
Blake Russell's recent sale of Nexstar Media Group shares is part of a broader pattern of insider transactions within the company. With a strong market presence and optimistic analyst ratings, Nexstar remains a closely watched entity in the broadcasting industry. Investors should note that insider transactions like these do not necessarily indicate future performance and are often part of regular portfolio management.
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