Taking a Fresh Look at Sinclair Broadcast Group, Inc. (SBGI)

(NASDAQ:SBGI) Cheap From Peers? The institutional investor owned 153,560 shares of the company's stock after purchasing an additional 8,460 shares during the quarter. Finally, Teacher Retirement System of Texas boosted its stake in Sinclair Broadcast Group by 2.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sinclair Broadcast Group during the second quarter valued at about $141,000. Sound Point Capital Management LP grew its stake in shares of Sinclair Broadcast Group by 0.3% in the second quarter. Morgan Stanley sold 213,083 shares as the company's stock declined 26.17% while stock markets rallied.

BANK OF NEW YORK MELLON CORP raised its stake in Sinclair Broadcast Group, Inc. Finally, FBR & Co initiated coverage on shares of Sinclair Broadcast Group in a research note on Tuesday, October 31st. Puplava Financial Services Inc sold 6,081 shares as the company's stock rose 12.65% with the market. (SBGI), we can see that the 40-day commodity channel index signal is presently Hold while the 50-day Parabolic SAR generates a Buy signal. WPG trades with a P/S ratio of 1.66. The company has a market cap of $3,620.00, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.93. During the last 52 weeks, the (NYSE:WPG) price has been as high as $10.88 and as low as $6.62.

Sinclair Broadcast Group (NASDAQ:SBGI) last announced its quarterly earnings data on Wednesday, November 1st. The firm had revenue of $670.90 million during the quarter, compared to analyst estimates of $671.42 million. They expect $0.77 earnings per share, down 27.36% or $0.29 from last year's $1.06 per share. During the same quarter in the previous year, the business earned $0.54 earnings per share. equities analysts anticipate that Sinclair Broadcast Group will post 1.98 EPS for the current fiscal year. The firm owned 7,883,606 shares of the company's stock after buying an additional 132,422 shares during the period. Stockholders of record on Friday, December 1st were issued a $0.18 dividend. The ex-dividend date was Thursday, November 30th. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 2.64. (NASDAQ:SBGI). Paloma Management stated it has 0.01% of its portfolio in Sinclair Broadcast Group, Inc. RBC Capital Markets maintained the shares of SBGI in report on Thursday, August 3 with "Buy" rating. The average 1-year price target for (SBGI) reveals an average price target of $48.71 per share. James Research owns 0.06% invested in Sinclair Broadcast Group, Inc. RBC Capital Markets has "Buy" rating and $43.0 target. Deutsche Bank started coverage on Sinclair Broadcast Group in a research note on Friday, October 20th. The company now has an average rating of "Buy" and a consensus price target of $45.42. The average investment recommendation for SBGI, taken from a group of Wall Street Analysts, is 1.60, or a buy. The stock decreased 0.71% or $0.25 during the last trading session, reaching $35.1. The stock now has a consensus rating of "Buy" and a consensus price target of $45.42. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The legal version of this story can be viewed at https://baseballnewssource.com/markets/sinclair-broadcast-group-inc-sbgi-stake-lifted-by-california-public-employees-retirement-system/1820300.html. The Massachusetts-based Panagora Asset Mngmt has invested 0.02% in Sinclair Broadcast Group, Inc.

According to Financial Times, the company was in final stage of negotiations to buy about 10 local television stations.

Some insiders have speculated that Fox might be on the prowl for TV stations owned by other companies in NFL football markets where Fox now lacks a station. (NASDAQ:SBGI) operates in the Broadcasting - TV segment of the Services sector. 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. The hedge fund run by Frank Brosens held 51,750 shares of the consumer services company at the end of 2017Q3, valued at $1.66M, up from 23,000 at the end of the previous reported quarter.