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Nexstar Media Group (NASDAQ:NXST), a media company currently trading at $165.17 with a market cap of nearly $5 billion, saw its President of Networks, Sean Compton, execute a notable transaction as he sold shares worth $141,324. The sale, conducted on June 4, 2025, involved 845 shares of common stock at a price of $167.248 per share. This transaction was reported in a recent SEC filing. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates.
In addition to the sale, Compton also acquired shares through the conversion of restricted stock units (RSUs) and performance stock units (PSUs) on June 3, 2025. These transactions, however, were executed at no cost, as each unit was converted into one share of common stock upon vesting. After these transactions, Compton holds 14,248 shares of Nexstar Media Group directly. The company maintains strong shareholder returns with a 4.49% dividend yield and has raised its dividend for 12 consecutive years.
The sale of shares was conducted to cover tax withholding obligations related to the vested RSUs and PSUs, according to the filing. With a P/E ratio of 8.24 and strong financial health metrics, Nexstar demonstrates solid fundamentals. For deeper insights into NXST’s valuation and 12 additional ProTips, visit InvestingPro.
In other recent news, Nexstar Media Group reported its Q1 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $3.37, compared to the forecasted $3.26. Despite this positive earnings surprise, the company’s revenue matched forecasts at $1.23 billion, representing a 3.9% decline year-over-year. The decrease in advertising revenue by 10.2% was a significant factor in the revenue decline, although distribution revenue showed a slight increase. Nexstar’s strategic focus includes expanding its sports programming and exploring new advertising models. Looking ahead, the company anticipates growth in distribution revenue and aims for the CW Network to achieve profitability by 2026. On the regulatory front, Nexstar is actively pursuing deregulation to facilitate potential mergers and acquisitions. The company maintains a strong financial position with a cash balance of $253 million and outstanding debt of $6.5 billion.
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