Bernadette S. Aulestia, a director at Nexstar Media Group Inc. (NASDAQ: NXST), sold 300 shares of common stock on August 24, 2026, for a total value of $56,040 at $186.80 per share. The transaction reduced her direct holdings in the company to 4,383 shares.
The stock sale occurred amid a period of volatility for Nexstar Media, which reported record revenue of $1.99 billion in the second quarter of 2026. The figure exceeded Wall Street's forecast of $1.88 billion, reflecting a 62.2% year-over-year increase driven largely by the acquisition of TEGNA. Adjusted earnings per share, however, came in at $3.61, below the expected $5.67, as costs tied to the TEGNA deal weighed on profitability.
At the time of the sale, Nexstar Media's shares were trading at $186.24, slightly below the $186.80 sale price. The stock had closed at $186.14 on August 21. Independent analysis indicated a fair value estimate of $191.58, classifying the shares as undervalued. The company's P/E ratio stood at 34.87, with a dividend yield approaching 4%. Analyst price targets ranged from $205 to $290.
