Equities researchers at Rosenblatt Securities began coverage on shares of Sinclair Broadcast Group (NASDAQ:SBGI – Get Rating) in a report released on Tuesday, The Fly reports. The firm set a “neutral” rating on the stock.
Several other equities analysts have also issued reports on SBGI. StockNews.com began coverage on Sinclair Broadcast Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised Sinclair Broadcast Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 9th. Finally, Benchmark dropped their price target on Sinclair Broadcast Group from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.33.
Shares of SBGI stock opened at $23.63 on Tuesday. The business’s 50 day simple moving average is $27.10 and its 200 day simple moving average is $27.01. Sinclair Broadcast Group has a one year low of $22.44 and a one year high of $35.69. The stock has a market capitalization of $1.78 billion, a PE ratio of -4.30 and a beta of 1.27.
Large investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Sinclair Broadcast Group by 65.1% during the fourth quarter. Signaturefd LLC now owns 1,106 shares of the company’s stock worth $29,000 after purchasing an additional 436 shares during the period. Eagle Bay Advisors LLC grew its holdings in Sinclair Broadcast Group by 108.0% during the third quarter. Eagle Bay Advisors LLC now owns 1,040 shares of the company’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Wilen Investment Management CORP. bought a new stake in Sinclair Broadcast Group during the third quarter worth $37,000. Steward Partners Investment Advisory LLC grew its holdings in Sinclair Broadcast Group by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,940 shares of the company’s stock worth $51,000 after buying an additional 600 shares in the last quarter. Finally, Cornerstone Advisory LLC bought a new stake in Sinclair Broadcast Group during the fourth quarter worth $87,000. 93.72% of the stock is currently owned by institutional investors.
About Sinclair Broadcast Group (Get Rating)
Sinclair Broadcast Group, Inc operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and programming to television viewing audiences in the communities through its local television stations.
- Get a free copy of the StockNews.com research report on Sinclair Broadcast Group (SBGI)
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