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Sinclair Broadcast Group, Inc. (SBGI) Traders Should Start Listening to Analysts

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24 June, 2017

Also, it has an estimated price-earnings (P/E) multiple of 10.8 and a trailing 12-month price-earnings (P/E) multiple of 32.31. The stock price is showing discouraging image with current unsupportive move of -5.03% at trading price of $33.05. It has underperformed by 56.70% the S&P500. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). The fund bought 18,225 shares of the company's stock, valued at approximately $738,000. The institutional investor held 1.40M shares of the consumer services company at the end of 2016Q4, valued at $46.65M, up from 1.19 million at the end of the previous reported quarter. The stock's market capitalization is 3.57B, it has a 52-week low of 24.15 and a 52-week high of 43.05.

About 1.15 million shares traded. It has underperformed by 4.42% the S&P500. For now, Sinclair Broadcast Group, Inc.is the toast of Wall Street as its ABR stands at 1.60 with 3 out of 5 analysts rating the stock a buy.

Sinclair Broadcast Group, Inc. had its "buy" rating reiterated by analysts at Benchmark. The company was upgraded on Thursday, November 3 by Stephens. The rating was maintained by Wedbush on Tuesday, September 27 with "Outperform". Wedbush analysts stated on 27/09/2016 that they maintained their Outperform rating. The Company's year to date (YTD) performance is now negative at -2.10%. RBC Capital Mkts analysts stated on 23/02/2017 that they maintained their Outperform rating.

Turning to Sinclair Broadcast Group, Inc. The stock is expected to report revenue as high as $682.09M and as low as $667.8M per share. Brinker Capital invested 0.02% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). "Announce Affiliation Agreement Renewals" on June 12, 2017. $100,447 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) shares were sold by RUTISHAUSER LUCY. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

In related news, insider David D. Smith purchased 4,400 shares of the stock in a transaction that occurred on Friday, May 5th. Its last month's stock price volatility remained 4.9% which for the week stands at 9.16%. 2,000 shares were sold by MCCANNA LAWRENCE E, worth $69,508 on Wednesday, June 14. Gotham Asset Management LLC now owns 416,369 shares of the company's stock valued at $16,863,000 after buying an additional 395,051 shares during the period. It fall, as 29 investors sold Sinclair Broadcast Group Inc shares while 70 reduced holdings. The insider LEADER MARTIN R sold 10,000 shares worth $411,619.

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.11, from 0.97 in 2016Q3. Voya Invest Mgmt Ltd Co reported 26,025 shares.

A number of other hedge funds have also made changes to their positions in SBGI.

FNY Partners Fund LP bought a new position in Sinclair Broadcast Group, Inc. New Jersey-based Finance Architects has invested 0.01% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Goodnow Investment Lc has invested 5.61% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). A stock with a beta between 0.0 and 1.0 has smaller ups and downs. Cornerstone has 275 shares for 0.01% of their portfolio.

01/23/2014 - CRT Capital began new coverage on Sinclair Broadcast Group, Inc. giving the company a "buy" rating. American Intl Grp Inc Inc has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). The company's 50-day moving average price is $34.46 and its 200-day moving average price is $36.13. Pacer Advisors Inc. now owns 5,331 shares of the company's stock valued at $154,000 after buying an additional 444 shares during the period. Ngam Advsrs L P accumulated 0.01% or 26,783 shares. Bb&T invested in 0.02% or 25,381 shares. Independent Portfolio Consultants Inc. boosted its stake in Sinclair Broadcast Group by 2.4% in the first quarter. Bnp Paribas Arbitrage stated it has 2,274 shares. Royal Bank Of Canada owns 66,834 shares. The company has market cap of $3.19 billion. It also increased its holding in Molina Healthcare Inc (Prn) by 2.00M shares in the quarter, for a total of 10.00 million shares, and has risen its stake in Community Health Sys Inc New (NYSE:CYH). (NYSE:ENB), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 27% are positive. Enbridge Inc. had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Friday, January 29 by Wedbush. Canaccord Genuity initiated Enbridge Inc (USA) (NYSE:ENB) on Monday, March 7 with "Buy" rating. On Thursday, February 4 the stock rating was downgraded by Credit Suisse to "Neutral". Morgan Stanley maintained Independence Contract Drilling Inc (NYSE:ICD) rating on Tuesday, April 19. Credit Suisse Ag owns 11,905 shares or 0% of their U.S. portfolio.


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