Nexstar Media Group CEO Perry Sook Buys Shares of NXST

Perry Sook, the CEO of Nexstar Media Group, Inc. (NasdaqGS: NXST), made a significant purchase of company stock. On June 26, 2026, Sook bought 12,235 shares at an average price of $162.26 each, which amounts to a total investment of approximately $1.99 million. This insider transaction was not conducted under a pre-planned trading program.

Other Institutional Activity in Nexstar Media Group

Several institutional investors have also been active in Nexstar Media Group. BlackRock, Inc. increased its holdings by 35,365 shares, bringing its total to 3,217,716 shares valued at about $581.9 million, a 1.1% increase. Vanguard Portfolio Management LLC opened a new position with 1,433,495 shares worth approximately $259.2 million. On the other hand, Dimensional Fund Advisors LP reduced its stake by 13,842 shares, now holding 1,388,430 shares valued at $251.1 million, marking a 1.0% decrease. LSV Asset Management trimmed its holdings by 68,637 shares, ending with 1,008,316 shares valued at $182.3 million, a 6.4% reduction.

Nexstar Media Group, Inc. Stock Down 6.9%

Shares of Nexstar Media Group were trading near $164 on Monday. The company has a market capitalization of about $5.01 billion and a P/E ratio of 34.7. Its forward P/E is notably lower at 6.8, suggesting expected earnings growth. The stock has a 52-week range between $154.47 and $254.30, with a 50-day moving average of $188.09 and a 200-day moving average of $202.34. Nexstar's balance sheet shows a current ratio of 1.76 and a quick ratio of 1.57, with a debt-to-equity ratio of 576.2.

Recent Earnings

Nexstar Media Group reported revenue of $5.11 billion, reflecting a growth rate of 13.1%. The company achieved an earnings per share (EPS) of $4.72, with a net margin of 3.23% and a return on equity (ROE) of 6.61%. The next earnings report is expected on August 6, 2026.

Dividend

The company offers an annual dividend rate of $7.44, yielding 4.54%. The dividend payout ratio stands at 157.63%, indicating the proportion of earnings paid out as dividends.

Insider Buying and Selling at Nexstar Media Group, Inc.

In addition to Perry Sook's recent purchase, several other insiders at Nexstar Media Group have been active. On June 16, 2026, Andrew Alford, President of Broadcasting, sold 746 shares at $170.81 each. Similarly, EVP of Operations Blake Russell, EVP Chief Technology & Digital Officer Brett Jenkins, President of Distribution & Strategy Dana Zimmer, and EVP Chief Communications Officer Gary Weitman also sold shares on the same day at the same price.

Analysts Set New Price Targets

Analysts remain optimistic about Nexstar Media Group's prospects. On May 8, 2026, Wells Fargo maintained its 'buy' rating with a price target of $253. Barrington Research also reaffirmed its 'buy' rating on April 28, 2026, with a target of $290. Citigroup upgraded the stock to a 'buy' on April 10, 2026, with a target of $220. The consensus among analysts is a 'strong buy', with an average target price of $251.63.

About Nexstar Media Group

Nexstar Media Group, Inc., headquartered in Irving, Texas, is a leading diversified media company. It produces and distributes local and national news, sports, and entertainment content across television and digital platforms in the U.S. Nexstar owns and operates numerous television and radio stations and offers digital media solutions. The company also owns NewsNation, a national cable news network, and operates digital multicast networks. Founded in 1996, Nexstar has become a significant player in the broadcasting industry.

Bottom Line

Perry Sook's recent stock purchase shows confidence in Nexstar Media Group's future performance. Investors often track insider transactions for potential insights into a company's prospects. However, it's important to remember that these actions are based on past events and do not necessarily predict future performance.