Quantitative Investment Management LLC purchased a new position in Sinclair Broadcast Group Inc (NASDAQ:SBGI) during the 4th quarter, HoldingsChannel reports. The firm purchased 19,500 shares of the company’s stock, valued at approximately $738,000.

Several other institutional investors also recently bought and sold shares of the stock. MML Investors Services LLC grew its stake in shares of Sinclair Broadcast Group by 33.6% in the 4th quarter. MML Investors Services LLC now owns 10,030 shares of the company’s stock worth $380,000 after buying an additional 2,523 shares during the last quarter. Weber Alan W purchased a new stake in shares of Sinclair Broadcast Group in the 4th quarter worth approximately $4,164,000. BancorpSouth Bank purchased a new stake in shares of Sinclair Broadcast Group in the 4th quarter worth approximately $581,000. OppenheimerFunds Inc. grew its stake in shares of Sinclair Broadcast Group by 32.6% in the 4th quarter. OppenheimerFunds Inc. now owns 2,874,958 shares of the company’s stock worth $108,817,000 after buying an additional 706,386 shares during the last quarter. Finally, American Financial Group Inc. grew its stake in shares of Sinclair Broadcast Group by 182.8% in the 4th quarter. American Financial Group Inc. now owns 332,749 shares of the company’s stock worth $12,594,000 after buying an additional 215,100 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

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Several analysts recently weighed in on SBGI shares. B. Riley upped their price target on Sinclair Broadcast Group from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. ValuEngine raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. BidaskClub raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Jefferies Group assumed coverage on Sinclair Broadcast Group in a research report on Thursday, December 14th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Sinclair Broadcast Group in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $46.64.

Sinclair Broadcast Group stock opened at $31.45 on Thursday. The stock has a market capitalization of $3,205.09, a P/E ratio of 11.58, a P/E/G ratio of 1.51 and a beta of 1.83. Sinclair Broadcast Group Inc has a 12-month low of $26.70 and a 12-month high of $41.20. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.36 and a quick ratio of 2.36.

Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings data on Wednesday, February 28th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.07. The business had revenue of $734.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 EPS. equities analysts anticipate that Sinclair Broadcast Group Inc will post 3.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.29%. Sinclair Broadcast Group’s payout ratio is 12.72%.

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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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Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

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