On September 19, 2024, Blake Russell, Executive Vice President of Operations at Nexstar Media Group Inc (NXST, Financial), sold 2,782 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 22,329 shares of Nexstar Media Group Inc.
Nexstar Media Group Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community websites in medium-sized markets.
Over the past year, the insider has sold a total of 11,509 shares and has not made any purchases. This recent sale is part of a broader trend observed at Nexstar Media Group Inc, where there have been 58 insider sells and no insider buys over the past year.
On the day of the sale, shares of Nexstar Media Group Inc were trading at $169.92. This pricing gives the company a market cap of approximately $5.38 billion. The price-earnings ratio of the company stands at 13.16, which is below the industry median of 17.13.
According to the GF Value, the intrinsic value of Nexstar Media Group Inc is estimated at $212.70 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.8.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics.
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.
