Economy

Institutional Investors Are Buying Sinclair Broadcast Group Inc (NASDAQ:SBGI)

This translates into $40.72 million profit for SBGI giving the stock a 19.09 P/E.

08/01/2017 - Sinclair Broadcast Group, Inc. had its "buy" rating reiterated by analysts at Benchmark. About 5.44M shares traded or 81.33% up from the average. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has "Outperform" rating given on Tuesday, November 10 by RBC Capital Markets. Any way you dice it, a dip below $28.02 a share would be very bad news for SBGI's technical picture in the near-term. Sinclair Broadcast Group had a net margin of 9.70% and a return on equity of 32.06%. The stock declined 0.41% or $0.12 reaching $30.42 on the news.

Equities analysts expect Sinclair Broadcast Group Inc (NASDAQ:SBGI) to announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks. It has underperformed by 4.42% the S&P500. UnitedHealth Group had 58 analyst reports since September 2, 2015 according to SRatingsIntel. This is a bullish signal that suggests the stock price might continue to rise. The firm has "Hold" rating by Keefe Bruyette & Woods given on Tuesday, October 3. The stock has "Underweight" rating by Barclays Capital on Wednesday, October 11. The stock of Dime Community Bancshares, Inc. (NYSE:MOD) earned "Buy" rating by Robert W. Baird on Friday, May 26. Cantor Fitzgerald maintained the shares of UNH in report on Friday, April 7 with "Overweight" rating. Glynn Cap Management Limited Liability Company reported 1.78% stake. It has a 23.72 P/E ratio. Also, Proteostasis Therapeutics, Inc. 5,736 shares were sold by Wollenberg Scott D, worth $91,476. It improved, as 53 investors sold UNH shares while 496 reduced holdings. $913,211 worth of stock was sold by BALLARD WILLIAM C JR on Wednesday, June 7. On Friday, April 28 the insider Lenhoff Timothy sold $16,783. $3.22M worth of Proofpoint Inc (NASDAQ:PFPT) was sold by Steele Gary. (NASDAQ:DCOM) was sold by KING TIMOTHY B.

Investors sentiment increased to 1.32 in Q2 2017. Its down 0.02, from 1.39 in 2017Q1. Dupont holds 0.01% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 5,562 shares. The Illinois-based Envestnet Asset Management Incorporated has invested 0% in Dime Community Bancshares, Inc. Strs Ohio holds 0% or 5,900 shares in its portfolio. State Of Wisconsin Invest Board, a Wisconsin-based fund reported 1.26 million shares. National Planning Corporation holds 0.02% in Dime Community Bancshares, Inc. Shares for $69,508 were sold by MCCANNA LAWRENCE E on Wednesday, June 14. Teacher Retirement Sys Of Texas owns 6,141 shares. Financial Bank Of Montreal Can invested in 9,677 shares or 0% of the stock. Citigroup has invested 0% of its portfolio in Dime Community Bancshares, Inc. (NASDAQ:DCOM) for 326,632 shares.

Delphi Management Inc increased Sinclair Broadcasting Group (SBGI) stake by 48509.8% reported in 2017Q2 SEC filing. The company has market cap of $4.18 billion. The Firm focuses on providing content on its local television stations and digital platforms. The PE ratio of 10.53 helps investors explore how much they should pay for a stock based on its current earnings. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has risen 12.28% since October 15, 2016 and is uptrending. Northern Trust Corp owned about 1.02% of Sinclair Broadcast Group worth $34,492,000 at the end of the most recent reporting period.

Investors sentiment increased to 1.58 in 2017 Q2. Its up 0.43, from 1.15 in 2017Q1. It is positive, as 38 investors sold SBGI shares while 50 reduced holdings. 57 funds opened positions while 82 raised stakes. Jefferies Gp Limited Company has invested 0.01% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Verition Fund Mngmt Ltd Limited Liability Company owns 17,320 shares for 0.06% of their portfolio. First Mercantile Trust reported 0.02% stake. Intl Group has 44,812 shares. Pacer Advisors Inc. raised its stake in Sinclair Broadcast Group by 9.1% in the third quarter. Grt Capital Prns Limited Liability Co has 0.36% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). (NASDAQ:SBGI) shares saw the needle move -5.27% on the week. 25,461 are held by Brinker. The company's revenue for the quarter was up 12.3% on a year-over-year basis. Raymond James & holds 237,320 shares. Also, the number of investment managers holding Sinclair Broadcast Group Inc in their top 10 holdings increased from 7 to 8 for an increase of 1. Therefore 100% are positive.

Ratings analysis reveals 100% of Sinclair Broadcast Group Inc's analysts are positive. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $45.00 target price on shares of Sinclair Broadcast Group in a report on Wednesday, July 5th. The rating was maintained by Wedbush on Friday, January 29 with "Outperform". Stephens set a $46.00 price target on shares of Sinclair Broadcast Group and gave the company a "buy" rating in a research report on Saturday, June 3rd. RBC Capital Markets maintained it with "Buy" rating and $43.0 target in Tuesday, September 26 report. Wedbush maintained the stock with "Outperform" rating in Thursday, February 23 report. Trexquant LP has invested 0.17% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). As per Thursday, November 3, the company rating was upgraded by Stephens. The rating was maintained by Wedbush with "Outperform" on Tuesday, September 27. As per Tuesday, August 1, the company rating was maintained by Benchmark.

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