Fifth Third Bancorp Cuts Stake in Sinclair Broadcast Group Inc (SBGI)

The original version of this story can be viewed at While for the next 5 years, the growth estimate is 2%. (NASDAQ:SBGI) is 5.25%, -12.03% over the last quarter, and 10.03% for the past six months.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moreover, Kcg Incorporated has 0.01% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 12,049 shares. The stock's average target of $41.50 is 19.94% above today's ($34.6) share price.

Beach Point Capital Management Lp holds 11.75% of its portfolio in Sinclair Broadcast Group Inc for 781,019 shares. The company's average Piotroski F-Score: 8 during the last 7 years.

While taking a look at financials, we can look at a number of key indicators about Sinclair Broadcast Group, Inc. TCW Group Inc. now owns 165,148 shares of the company's stock worth $5,507,000 after buying an additional 141,220 shares in the last quarter. Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 price objective (up previously from $43.00) on shares of Sinclair Broadcast Group in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. BlackRock Fund Advisors raised its position in Sinclair Broadcast Group by 6.4% in the third quarter.

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In other news, insider David D. Smith purchased 4,400 shares of the stock in a transaction on Friday, May 5th. On Monday, September 28 the stock rating was upgraded by Sidoti to "Buy".

Shares of Sinclair Broadcast Group, Inc.

The stock of Sientra Inc (NASDAQ:SIEN) is a huge mover today! The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.73 and a beta of 1.80.

During the 52-week trading session the minimum price at which share price traded, registered at $24.15 and reached to max level of $43.05. The company has a 50-day moving average of $35.02 and a 200 day moving average of $36.03.

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Many analysts have provided their estimated foresights on Sinclair Broadcast Group, Inc. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.29 by $0.03. SBGI generated revenue of $682.48 Million in the same quarter, one year ago. Return on Equity (ROE) stands at 39.7% and Return on Investment (ROI) of 9.3 percent. Comparatively, SBGI posted earnings of $0.64 per share in the same quarter, a year earlier. On average, analysts forecast that Sinclair Broadcast Group will post $2.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Newer companies are less likely to pay dividends because they don't have a long record of profits and they are more likely to use their profits to pay for further growth of the company. The dividend was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. The ex-dividend date was Tuesday, May 30th.

Gratia Capital Llc increased Sinclair Broadcast Group Inc (SBGI) stake by 36.2% reported in 2016Q4 SEC filing. If you are accessing this article on another domain, it was stolen and republished in violation of USA and worldwide trademark & copyright legislation. It increased, as 14 investors sold OMCL shares while 61 reduced holdings. The value of the investment in SBGI decreased from $2,504,000 to $2,003,000 a change of 20.0% for the reporting period.

Goldman Sachs Group Inc cut its investment by shedding 2,479 shares a decrease of 8.7% as of 03/31/2017. Out of 2 Wall Street analysts rating Sinclair Broadcast, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Finally, Wedbush boosted their price objective on Sinclair Broadcast Group from $36.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, February 23rd. The stock presently has an average rating of "Buy" and a consensus price target of $44.80. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The disclosure for this sale can be found here. Credit Suisse Ag has invested 0.01% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). The Company focuses on providing content on its local television stations and digital platforms. The Company?s segments are broadcast, other and corporate.

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