Economy

Sinclair Broadcast Group, Inc. (SBGI)

Sinclair Broadcast Group, Inc. (SBGI)”

(NASDAQ:SBGI) by 340.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Companies may issue new shares and buy back their own shares. Edge Asset Management, Inc now owns 2,290,521 shares worth $92,767,000.

In the transaction dated March 02, 2017, the great number of shares disposed came courtesy the Chief Accounting Officer; Bochenek David R disposed a total of 5,000 shares at an average price of $41.38, amounting to approximately $206,900. Schwab Charles Investment Management Inc. lifted its position in Sinclair Broadcast Group by 12.9% during the first quarter. During the trading on 09/14/2017, Company's stock ranged from $26.56 to $26.99.

Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings data on Wednesday, August 2nd. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Strs Ohio increased its position in Sinclair Broadcast Group by 266.7% during the first quarter. In terms of relative volume, these shares are trading at 1.82x their normal volume. Renaissance Technologies LLC lifted its position in Sinclair Broadcast Group by 4,601.8% during the first quarter. Meanwhile, due to a recent pullback which led to a fall of nearly -3.77% in the past one month, the stock price is now with underperforming -13.75% so far on the year - still in weak zone. Investors measure stock performance on the basis of a company's earnings power.

A number of other analysts have also commented on SBGI.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Sinclair Broadcast Group, Inc. Stephens set a $46.00 target price on Sinclair Broadcast Group and gave the stock a "buy" rating in a research note on Saturday, June 3rd. Wedbush maintained Sinclair Broadcast Group Inc (NASDAQ:SBGI) on Thursday, February 23 with "Outperform" rating. The New York-based Alliancebernstein Limited Partnership has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). On Thursday, August 3 the stock rating was maintained by RBC Capital Markets with "Buy". Sinclair Broadcast Group now has a consensus rating of "Buy" and a consensus price target of $43.50. Year to Date (YTD) performance of Sinclair Broadcast Group, Inc.

11/03/2016 - Sinclair Broadcast Group, Inc. was upgraded to "overweight" by analysts at Stephens.

On Wednesday, Comcast Corporation (NASDAQ:CMCSA) reached at $37.96 price level during last trade its distance from 20 days simple moving average is -5.58%, and its distance from 50 days simple moving average is -4.69% while it has a distance of -0.72% from the 200 days simple moving average.

Sinclair Broadcast Group, Inc.'s P/E ratio is 9.43 and market capitalization is 2.76B.

But making Sinclair Broadcast Group Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of SBGI entered into oversold territory, changing hands as low as $27.40 per share. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The business had revenue of $679.30 million for the quarter, compared to analyst estimates of $678.23 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share.

Analysts await Sinclair Broadcast Group Inc (NASDAQ:SBGI) to report earnings on November, 1.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.18 per share. (SBGI) has an annual dividend of $0.72, while its annual dividend yield is 2.53%. The ex-dividend date of this dividend was Wednesday, August 30th. The Goldman Sachs Group Inc holds 24,413 shares with $126,000 value, down from 117,883 last quarter.

ILLEGAL ACTIVITY WARNING: This story was first posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another publication, it was stolen and republished in violation of USA & worldwide trademark & copyright laws. Price T Rowe Assocs Md stated it has 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Gratia Capital Llc acquired 152,021 shares as Sinclair Broadcast Group Inc (SBGI)'s stock declined 9.32%. It focuses on offering marketing solutions to advertisers through its television and digital platforms and digital agency services. The Company?s segments are broadcast, other and corporate. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.



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