Calixto Global Investors LP reduced its stake in shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,121 shares of the company’s stock after selling 260,657 shares during the period. Sinclair Broadcast Group accounts for approximately 7.3% of Calixto Global Investors LP’s portfolio, making the stock its 8th biggest holding. Calixto Global Investors LP owned 0.62% of Sinclair Broadcast Group worth $24,039,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in Sinclair Broadcast Group by 102.2% during the fourth quarter. Advisor Group Inc. now owns 3,251 shares of the company’s stock valued at $124,000 after buying an additional 1,643 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Sinclair Broadcast Group during the third quarter valued at about $153,000. Cheyne Capital Management UK LLP bought a new position in Sinclair Broadcast Group during the third quarter valued at about $170,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Sinclair Broadcast Group by 68.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,346 shares of the company’s stock valued at $171,000 after buying an additional 2,176 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in Sinclair Broadcast Group during the fourth quarter valued at about $207,000. Institutional investors own 87.06% of the company’s stock.
Sinclair Broadcast Group Inc (NASDAQ SBGI) opened at $33.65 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.36 and a quick ratio of 1.74. The company has a market capitalization of $3,420.00, a PE ratio of 4.05, a PEG ratio of 1.57 and a beta of 1.83. Sinclair Broadcast Group Inc has a 12 month low of $26.70 and a 12 month high of $43.05.
Sinclair Broadcast Group (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.07. The business had revenue of $734.00 million for the quarter, compared to analyst estimates of $733.41 million. Sinclair Broadcast Group had a return on equity of 22.76% and a net margin of 21.07%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share. research analysts predict that Sinclair Broadcast Group Inc will post 3.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.18 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.14%. Sinclair Broadcast Group’s payout ratio is presently 8.66%.
SBGI has been the topic of several recent research reports. Jefferies Group initiated coverage on Sinclair Broadcast Group in a report on Thursday, December 14th. They set a “buy” rating and a $48.00 target price on the stock. BidaskClub upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a report on Monday, December 4th. B. Riley raised their target price on Sinclair Broadcast Group from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $48.00 target price on shares of Sinclair Broadcast Group in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Sinclair Broadcast Group has a consensus rating of “Buy” and a consensus target price of $46.64.
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Sinclair Broadcast Group Company 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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