The President of Networks at Nexstar Media Group has just executed a sale of some 3,930 shares of the company’s stock, an SEC filing shows.
While that amounts to a check for roughly $632,000 for Sean Compton, this executive will continue to own some 10,684 shares of the broadcast and cable television station group that also happens to own WGN Radio in Chicago.
Nexstar shares are trading up 4.44% year-to-date and, compared to its peers in the broadcast TV sector, has considerably more value per share. As of 3:18pm Eastern, NXST was up by 2% to $163.83.
“NXST” has a 1-year target price of $203.20.
