Sinclair (NASDAQ:SBGI) Trading 8.1% Higher – Here’s Why

Sinclair, Inc. (NASDAQ:SBGI)’s share price was up 8.1% during trading on Monday . The stock traded as high as $17.88 and last traded at $17.3890. Approximately 447,830 shares traded hands during trading, an increase of 2% from the average daily volume of 437,696 shares. The stock had previously closed at $16.08.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SBGI shares. Benchmark decreased their price target on Sinclair from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Zacks Research raised shares of Sinclair from a “strong sell” rating to a “hold” rating in a research report on Thursday. Wall Street Zen upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings downgraded shares of Sinclair from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on shares of Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Sinclair Price Performance

The company has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $14.24. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 20.33 and a beta of 1.30. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 13.93.

Sinclair (NASDAQ:SBGI) last issued its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.63. Sinclair had a return on equity of 12.51% and a net margin of 1.44%.The company had revenue of $773.00 million during the quarter, compared to analyst estimates of $766.78 million. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue was down 15.7% on a year-over-year basis. Sinclair has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Sinclair, Inc. will post 4.24 EPS for the current fiscal year.

Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 1st. This represents a $1.00 annualized dividend and a yield of 5.9%. Sinclair’s payout ratio is presently -161.29%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Gamco Investors INC. ET AL boosted its holdings in shares of Sinclair by 7.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company’s stock valued at $64,069,000 after buying an additional 302,160 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Sinclair by 65.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 717,007 shares of the company’s stock worth $11,422,000 after acquiring an additional 282,400 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Sinclair by 46.4% in the third quarter. Pinnacle Associates Ltd. now owns 668,621 shares of the company’s stock worth $10,096,000 after acquiring an additional 212,040 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Sinclair in the second quarter valued at approximately $2,292,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Sinclair by 121.3% during the third quarter. Squarepoint Ops LLC now owns 291,607 shares of the company’s stock valued at $4,403,000 after purchasing an additional 159,823 shares during the last quarter. 41.71% of the stock is currently owned by institutional investors.

About Sinclair

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.