Robertson Opportunity Capital LLC lifted its position in shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Sinclair Broadcast Group makes up 2.8% of Robertson Opportunity Capital LLC’s investment portfolio, making the stock its 15th largest position. Robertson Opportunity Capital LLC owned about 0.12% of Sinclair Broadcast Group worth $4,769,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sinclair Broadcast Group by 28.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,843 shares of the company’s stock valued at $259,000 after purchasing an additional 1,497 shares during the period. Advisor Group Inc. grew its holdings in Sinclair Broadcast Group by 102.2% in the fourth quarter. Advisor Group Inc. now owns 3,251 shares of the company’s stock valued at $124,000 after purchasing an additional 1,643 shares during the period. Aperio Group LLC grew its holdings in Sinclair Broadcast Group by 14.8% in the fourth quarter. Aperio Group LLC now owns 13,748 shares of the company’s stock valued at $520,000 after purchasing an additional 1,769 shares during the period. Pacer Advisors Inc. grew its holdings in Sinclair Broadcast Group by 20.1% in the third quarter. Pacer Advisors Inc. now owns 10,663 shares of the company’s stock valued at $342,000 after purchasing an additional 1,782 shares during the period. Finally, MML Investors Services LLC grew its holdings in Sinclair Broadcast Group by 33.6% in the fourth quarter. MML Investors Services LLC now owns 10,030 shares of the company’s stock valued at $380,000 after purchasing an additional 2,523 shares during the period. Hedge funds and other institutional investors own 87.70% of the company’s stock.
Sinclair Broadcast Group Inc (SBGI) opened at $33.05 on Wednesday. Sinclair Broadcast Group Inc has a 12-month low of $26.70 and a 12-month high of $41.45. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market cap of $3,444.20, a price-to-earnings ratio of 5.84, a PEG ratio of 1.58 and a beta of 1.83.
Sinclair Broadcast Group (NASDAQ:SBGI) last posted its earnings results on Wednesday, February 28th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.07. Sinclair Broadcast Group had a net margin of 21.07% and a return on equity of 22.76%. The business had revenue of $734.00 million for the quarter, compared to analysts’ expectations of $733.41 million. During the same period in the previous year, the company posted $1.32 earnings per share. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. research analysts anticipate that Sinclair Broadcast Group Inc will post 3.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.18%. Sinclair Broadcast Group’s payout ratio is currently 12.72%.
A number of research analysts have weighed in on the stock. Stephens set a $47.00 price target on shares of Sinclair Broadcast Group and gave the company a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, January 30th. ValuEngine raised shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub raised shares of Sinclair Broadcast Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Sinclair Broadcast Group in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Sinclair Broadcast Group has a consensus rating of “Buy” and a consensus price target of $46.64.
Sinclair Broadcast Group Profile
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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