What Investors Should Know About This $6 Million Sale of a Media Stock Up 41% in One Year

Core Insights - Capital Management Corp sold 29,799 shares of Nexstar Media Group, valued at approximately $5.82 million, during the fourth quarter, reducing its position in the company [1][2] - Nexstar's stock has increased by 41.1% over the past year, significantly outperforming the S&P 500's 15% gain in the same period [3] Company Overview - Nexstar Media Group reported a total revenue of $5.15 billion and a net income of $517 million for the trailing twelve months [4] - The company has a dividend yield of 3.50% and its stock price was $212.38 as of February 1, 2026 [4] - Nexstar operates a diversified portfolio of television stations and digital media properties, generating revenue primarily from advertising and retransmission fees [5][7] Financial Performance - In its most recent quarterly release, Nexstar reported $1.20 billion in revenue, a 12% decrease year over year, primarily due to a decline in political advertising [9] - The net income for the quarter was $65 million, with adjusted EBITDA at $358 million and free cash flow remaining solid at $166 million [9] Investment Positioning - After the sale, Nexstar still represents 4.25% of Capital Management Corp's $610.07 million in reportable U.S. equity assets, indicating ongoing confidence in the company's performance [3][10] - The company remains a top-five holding for the fund, reflecting its strong position in the media landscape and potential benefits from future political advertising cycles [10][11]