Sinclair Broadcast Group Inc’s (NASDAQ:SBGI) Sentiment is 0.97

May 17, 2018 - By Cecil Scoggins

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Logo

Sentiment for Sinclair Broadcast Group Inc (NASDAQ:SBGI)

Sinclair Broadcast Group Inc (NASDAQ:SBGI) institutional sentiment decreased to 0.97 in Q4 2017. Its down -0.26, from 1.23 in 2017Q3. The ratio fall, as 101 investment professionals increased or started new stock positions, while 104 cut down and sold their holdings in Sinclair Broadcast Group Inc. The investment professionals in our partner’s database now have: 84.77 million shares, up from 83.23 million shares in 2017Q3. Also, the number of investment professionals holding Sinclair Broadcast Group Inc in their top 10 stock positions increased from 11 to 12 for an increase of 1. Sold All: 31 Reduced: 73 Increased: 60 New Position: 41.

Sinclair Broadcast Group, Inc. operates as a television broadcasting firm in the United States. The company has market cap of $3.16 billion. It owns or provides various programming, operating, or sales services to television stations. It has a 5.4 P/E ratio. The firm broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through various local television stations.

The stock increased 0.49% or $0.15 during the last trading session, reaching $30.9. About 56,071 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 20.99% since May 17, 2017 and is downtrending. It has underperformed by 32.54% the S&P500.

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on August, 1. They expect $0.43 EPS, 0.00 % or $0.00 from last year’s $0.43 per share. SBGI’s profit will be $43.96M for 17.97 P/E if the $0.43 EPS becomes a reality. After $0.46 actual EPS reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts -6.52 % negative EPS growth.

Hg Vora Capital Management Llc holds 25.02% of its portfolio in Sinclair Broadcast Group, Inc. for 6.30 million shares. Beach Point Capital Management Lp owns 941,214 shares or 8.53% of their US portfolio. Moreover, Goodnow Investment Group Llc has 8.24% invested in the company for 1.19 million shares. The Massachusetts-based Three Bays Capital Lp has invested 7.23% in the stock. Raging Capital Management Llc, a New Jersey-based fund reported 1.12 million shares.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Ratings Coverage

Ratings analysis reveals 100% of Sinclair Broadcast’s analysts are positive. Out of 4 Wall Street analysts rating Sinclair Broadcast, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $46.0 while the high is $49. The stock’s average target of $47.50 is 53.72% above today’s ($30.9) share price. SBGI was included in 5 notes of analysts from November 27, 2017. The firm earned “Buy” rating on Wednesday, February 28 by FBR Capital. B. Riley & Co maintained the shares of SBGI in report on Thursday, March 1 with “Buy” rating. The firm earned “Buy” rating on Tuesday, January 16 by Stephens.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Bizjournals.com which released: “Sinclair CEO remains confident Tribune acquisition will be completed” on May 11, 2018, also Benzinga.com with their article: “Sinclair Broadcast Group’s Breaking News: 40% Upside” published on April 30, 2018, Bizjournals.com published: “Sinclair proposes selling 23 stations in latest bid to gain approval for Tribune deal” on April 24, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: Streetinsider.com and their article: “Sinclair Broadcast Group (SBGI) Says it was Removed From Sony Vue Platforms” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” with publication date: May 15, 2018.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Institutional Positions Chart

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