Published: Sat, January 13, 2018
Business | By Max Garcia

Taking a Fresh Look at Sinclair Broadcast Group, Inc. (SBGI)

Taking a Fresh Look at Sinclair Broadcast Group, Inc. (SBGI)

Amalgamated Bank boosted its stake in shares of Sinclair Broadcast Group by 3.1% during the second quarter. The stock increased 1.59% or $0.55 during the last trading session, reaching $35.25. About 850,967 shares traded. (NASDAQ:SBGI) has risen 12.28% since January 7, 2017 and is uptrending. It has outperformed by 2.36% the S&P500. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.13). "This agreement provides both Sinclair and Imagine with a unique opportunity to bring the capabilities of our ad management solutions, including zone-based targeting and dynamic ad insertion, that have gained market leadership among MVPDs to the broadcast realm". The stock is trading $34.16 its 50-day moving average by -0.54000000000001%. About 1.13 million shares traded. It has underperformed by 7.39% the S&P500.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. It is negative, as 39 investors sold SBGI shares while 58 reduced holdings. 88 funds opened positions while 466 raised stakes. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Hussman Strategic holds 0.65% or 52,000 shares in its portfolio. Usca Ria Ltd Llc stated it has 182,286 shares or 1.3% of all its holdings. Perhaps, that suggests something about why 12.74% of the outstanding share supply is held by institutional investors. (NASDAQ:SBGI). Ngam Advsr Lp holds 22,754 shares or 0.01% of its portfolio. Ycg Lc has 1.7% invested in CVS Health Corporation (NYSE:CVS) for 79,980 shares. Koch holds 0.05% or 11,891 shares. (NASDAQ:ZUMZ). Td Asset Mngmt, Ontario - Canada-based fund reported 40,320 shares. Birch Hill has invested 0.33% in CVS Health Corporation (NYSE:CVS). Castleark Ltd Liability Corporation holds 0.29% or 260,928 shares in its portfolio. Hg Vora Capital holds 7.00 million shares. Natl Bank reported 13,265 shares stake. (NASDAQ:ZUMZ). Pacad Investment Ltd has 17,700 shares. It also reduced its holding in Constellium Nv (NYSE:CSTM) by 107,500 shares in the quarter, leaving it with 1.39 million shares, and cut its stake in Vistra Energy Corp. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Therefore 85% are positive. Regal Entertainment Group had 65 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, September 8 the stock rating was maintained by Needham with "Hold". The firm has "Outperform" rating given on Tuesday, November 10 by RBC Capital Markets. (NASDAQ:HAS) has "Hold" rating given on Thursday, July 13 by Stifel Nicolaus. As per Wednesday, November 1, the company rating was maintained by RBC Capital Markets. The rating was maintained by Benchmark on Tuesday, August 1 with "Buy". The rating was maintained by Mizuho on Thursday, October 6 with "Neutral". The company was downgraded on Monday, December 12 by Jefferies. Shares for $23.00M were sold by HASSENFELD ALAN G. Its up 5.89% from 14.47 million shares previously. Zumiez Inc. (NASDAQ:ZUMZ) has risen 3.10% since January 9, 2017 and is uptrending. Therefore 100% are positive. Unilever NV had 11 analyst reports since September 25, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Wedbush on Thursday, February 23. The firm has "Outperform" rating given on Tuesday, November 10 by RBC Capital Markets. Brean Capital upgraded the shares of ZUMZ in report on Thursday, February 4 to "Buy" rating. (NASDAQ:HAS) was sold by Tinga Wiebe on Tuesday, August 29. The stock now has an average rating of "Buy" and a consensus price target of $45.42. (NASDAQ:SBGI) on Wednesday, November 1 with "Buy" rating. Stephens has "Equal-Weight" rating and $37 target. The firm earned "Hold" rating on Monday, March 27 by Liberum Capital.

BidaskClub upgraded shares of Sinclair Broadcast Group (NASDAQ:SBGI) from a hold rating to a buy rating in a research note issued to investors on Thursday, December 14th. Rational Advisors LLC bought a new position in shares of Sinclair Broadcast Group during the third quarter valued at about $234,000.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Like this: