On September 16, 2024, ARMSTRONG D GEOFFREY, Director of Nexstar Media Group Inc (NXST, Financial), sold 2,000 shares of the company. Following this transaction, the insider now owns 7,250 shares of Nexstar Media Group Inc. The sale was documented in a recent SEC Filing.
Nexstar Media Group Inc operates as a television broadcasting and digital media company, focusing on the acquisition, development, and operation of television stations and interactive community websites in the United States.
Over the past year, ARMSTRONG D GEOFFREY has sold a total of 9,250 shares of Nexstar Media Group Inc and has not purchased any shares. This recent transaction reflects a continuation of the insider's selling trend.
The broader insider transaction history for Nexstar Media Group Inc shows a pattern of selling activities, with 55 insider sells and no insider buys over the past year.
On the date of the recent sale, shares of Nexstar Media Group Inc were priced at $166.39. This valuation gives the company a market cap of approximately $5.42 billion. The price-earnings ratio of the stock stands at 13.27, which is below the industry median of 17.27.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Nexstar Media Group Inc has a GF Value of $212.26. With the current price of $166.39, the stock has a price-to-GF-Value ratio of 0.78, indicating that it is Modestly Undervalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers 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.
