Sinclair Broadcast Group Inc (SBGI) Shares Bought by American Financial Group Inc.

American Financial Group Inc. raised its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 182.8% in the 4th quarter, Holdings Channel reports. The firm owned 332,749 shares of the company’s stock after acquiring an additional 215,100 shares during the period. Sinclair Broadcast Group makes up 1.3% of American Financial Group Inc.’s holdings, making the stock its 28th biggest holding. American Financial Group Inc.’s holdings in Sinclair Broadcast Group were worth $12,594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sinclair Broadcast Group by 28.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,843 shares of the company’s stock worth $259,000 after purchasing an additional 1,497 shares during the last quarter. Aperio Group LLC increased its position in shares of Sinclair Broadcast Group by 14.8% in the 4th quarter. Aperio Group LLC now owns 13,748 shares of the company’s stock worth $520,000 after purchasing an additional 1,769 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Sinclair Broadcast Group by 20.1% in the 3rd quarter. Pacer Advisors Inc. now owns 10,663 shares of the company’s stock worth $342,000 after purchasing an additional 1,782 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Sinclair Broadcast Group by 1.0% in the 3rd quarter. Gabelli Funds LLC now owns 197,600 shares of the company’s stock worth $6,333,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Sinclair Broadcast Group by 41.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 9,988 shares of the company’s stock worth $309,000 after purchasing an additional 2,941 shares during the last quarter. 84.93% of the stock is owned by institutional investors.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) opened at $36.30 on Monday. Sinclair Broadcast Group Inc has a fifty-two week low of $26.70 and a fifty-two week high of $43.05. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $3,690.00, a PE ratio of 13.65, a PEG ratio of 1.99 and a beta of 1.80.

Several equities research analysts have recently weighed in on SBGI shares. FBR & Co started coverage on shares of Sinclair Broadcast Group in a research report on Tuesday, October 31st. They issued a “buy” rating and a $43.00 target price for the company. B. Riley lifted their price target on shares of Sinclair Broadcast Group from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. ValuEngine lowered shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research lowered shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Ameriprise Financial reaffirmed a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Sinclair Broadcast Group in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Sinclair Broadcast Group has an average rating of “Buy” and an average target price of $46.00.

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About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. 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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Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

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