Nexstar Media Group Inc EVP, Station Operations Blake Russell Sells 5,243 Shares
Blake Russell, EVP, Station Operations of Nexstar Media Group Inc (NASDAQ:NXST), executed a sale of 5,243 shares in the company on December 26, 2023, according to a SEC Filing. The insider has been active in trading activities over the past year, selling a total of 13,525 shares and making no purchase transactions.
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 primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, and The CW.
The insider transaction history for Nexstar Media Group Inc indicates a pattern of sales by insiders over the past year, with a total of 38 insider sells and no insider buys recorded during the same period.
On the valuation front, Nexstar Media Group Inc's shares were priced at $156.42 each on the day of the insider's recent sale, resulting in a market capitalization of $5.354 billion. The company's price-earnings ratio stands at 13.59, which is below the industry median of 17.935 but above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently at 0.76, with a GF Value of $205.85, suggesting that Nexstar Media Group Inc is modestly undervalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
