Today it was reported that the EVP, Station Operations of Nexstar (NASDAQ: NXST), Blake Russell, exercised options to sell 17,738 NXST shares at $46.03 a share, for a total transaction value of $1.47M.
Following Blake Russell’s last NXST Sell transaction on December 27, 2017, the stock climbed by 5.0%. In addition to Blake Russell, 6 other NXST executives reported Sell trades in the last month.
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Based on Nexstar’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $660 million and quarterly net profit of $87.73 million. In comparison, last year the company earned revenue of $626 million and had a net profit of $43.99 million. NXST’s market cap is $3.77B and the company has a P/E ratio of 7.01. Currently, Nexstar has an average volume of 594.1K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $92.33, reflecting a 11.4% upside.
The insider sentiment on Nexstar has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Blake Russell’s trades have generated a 40.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Nexstar Media Group, Inc. is a television broadcasting and digital media company, which focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the st
