Sinclair Broadcast Group Inc (NASDAQ:SBGI) Institutional Investors Sentiment Index Dropped in Q4 2017

May 17, 2018 - By Marie Mckinney

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 dropped, as 101 funds started new or increased stock positions, while 104 reduced and sold stakes in Sinclair Broadcast Group Inc. The funds in our partner’s database now possess: 84.77 million shares, up from 83.23 million shares in 2017Q3. Also, the number of funds 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 earnings per share, 0.00 % or $0.00 from last year’s $0.43 per share. SBGI’s profit will be $43.96 million for 17.97 P/E if the $0.43 EPS becomes a reality. After $0.46 actual earnings per share 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. Stephens maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Tuesday, January 16 with “Buy” rating. FBR Capital maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Wednesday, February 28 with “Buy” rating. The firm has “Buy” rating by B. Riley & Co given on Thursday, March 1.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Streetinsider.com which released: “Sinclair Broadcast Group (SBGI) Says it was Removed From Sony Vue Platforms” on May 02, 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: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” published on May 15, 2018 as well as Bizjournals.com‘s news article titled: “Sinclair CEO remains confident Tribune acquisition will be completed” with publication date: May 11, 2018.

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

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