Director Dennis Fitzsimons Sells 2,000 Shares of Nexstar Media Group Inc (NXST)
On March 27, 2024, Dennis Fitzsimons, a Director at Nexstar Media Group Inc (NASDAQ:NXST), sold 2,000 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Nexstar Media Group Inc is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Its portfolio includes network-affiliated TV stations, related digital multicast signals, and a range of digital and mobile media services.
Over the past year, the insider has sold a total of 2,000 shares and has not made any purchases of the company's stock. This recent sale continues a trend observed over the past year, where there have been no insider buys and 42 insider sells for Nexstar Media Group Inc.
On the date of the insider's recent sale, shares of Nexstar Media Group Inc were trading at $170.82, giving the company a market capitalization of $5.778 billion.
The company's price-earnings ratio stands at 18.04, which is lower than the industry median of 18.91 but higher than the company's historical median price-earnings ratio.
With the current share price of $170.82 and a GuruFocus Value of $210.63, Nexstar Media Group Inc has a price-to-GF-Value ratio of 0.81, indicating that the stock is Modestly Undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity for Nexstar Media Group Inc.
The GF Value image provides a visual representation of the stock's valuation relative to its intrinsic value estimate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
