Sinclair Broadcast Group Inc (NASDAQ:SBGI) Stock Sentiment Worsens

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Logo

Sentiment for Sinclair Broadcast Group Inc (NASDAQ:SBGI)

Sinclair Broadcast Group Inc (NASDAQ:SBGI) institutional sentiment decreased to 0.87 in 2018 Q3. Its down -0.23, from 1.1 in 2018Q2. The ratio has worsened, as 82 investment managers opened new and increased positions, while 94 cut down and sold positions in Sinclair Broadcast Group Inc. The investment managers in our partner’s database now hold: 61.62 million shares, down from 75.22 million shares in 2018Q2. Also, the number of investment managers holding Sinclair Broadcast Group Inc in their top 10 positions decreased from 8 to 7 for a decrease of 1. Sold All: 40 Reduced: 54 Increased: 47 New Position: 35.

Sinclair Broadcast Group, Inc. operates as a television broadcasting firm in the United States. The company has market cap of $2.90 billion. It owns or provides various programming, operating, or sales services to television stations. It has a 5.29 P/E ratio. The firm broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through various local television stations.

The stock decreased 1.33% or $0.4 during the last trading session, reaching $29.77. About 2.60M shares traded or 89.02% up from the average. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 15.08% since January 12, 2018 and is downtrending. It has underperformed by 15.08% the S&P500.

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on February, 27. They expect $1.98 EPS, up 18.56 % or $0.31 from last year’s $1.67 per share. SBGI’s profit will be $192.61 million for 3.76 P/E if the $1.98 EPS becomes a reality. After $0.62 actual EPS reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts 219.35 % EPS growth.

Raging Capital Management Llc holds 12.64% of its portfolio in Sinclair Broadcast Group, Inc. for 2.51 million shares. Hg Vora Capital Management Llc owns 6.25 million shares or 10.77% of their US portfolio. Moreover, Beach Point Capital Management Lp has 5.84% invested in the company for 930,661 shares. The Connecticut-based Goodnow Investment Group Llc has invested 4.93% in the stock. Omega Advisors Inc., a New York-based fund reported 3.32 million shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $158,390 activity.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Ratings Coverage

Ratings analysis reveals 33% of Sinclair Broadcast Group’s analysts are positive. Out of 3 Wall Street analysts rating Sinclair Broadcast Group, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $33 while the high is $38. The stock’s average target of $35.33 is 18.68% above today’s ($29.77) share price. SBGI was included in 6 notes of analysts from July 17, 2018. FBR Capital downgraded it to “Neutral” rating and $33 target in Thursday, September 6 report. The firm has “Neutral” rating given on Tuesday, December 18 by FBR Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 10. The rating was maintained by FBR Capital with “Neutral” on Thursday, November 8. As per Tuesday, July 17, the company rating was maintained by FBR Capital.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: which released: “Is Sinclair Broadcast Group (SBGI) a Great Stock for Value Investors? – Nasdaq” on February 19, 2018, also with their article: “Bullish Two Hundred Day Moving Average Cross – SBGI – Nasdaq” published on January 08, 2019, published: “Sinclair’s Problems Are Only Beginning, And Its Valuation Does Not Reflect The Risks – Seeking Alpha” on August 29, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: and their article: “Sinclair Broadcast Group: Undervalued By Uncertainty That Should Enhance Value – Seeking Alpha” published on July 05, 2018 as well as‘s news article titled: “Advanced ATSC 3.0 Chip Launched for Mobile and Broadcast Applications – Stockhouse” with publication date: January 08, 2019.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Institutional Positions Chart

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