On September 24, 2024, Andrew Alford, President of Broadcasting at Nexstar Media Group Inc (NXST, Financial), sold 3,175 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 9,173 shares of Nexstar Media Group Inc.
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, Andrew Alford has sold a total of 5,674 shares of Nexstar Media Group Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 59 insider sells and no insider buys over the past year.
Shares of Nexstar Media Group Inc were trading at $167.83 on the day of the sale. The company has a market cap of approximately $5.285 billion. The price-earnings ratio of the stock is 12.93, which is below the industry median of 17.43.
According to the GF Value, the intrinsic value of the stock is estimated at $213.45, suggesting that Nexstar Media Group Inc is modestly undervalued with a price-to-GF-Value ratio of 0.79.
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 estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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.
