Sinclair, Inc. (NASDAQ:SBGI) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its holdings in shares of Sinclair, Inc. (NASDAQ:SBGI) by 85.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,330 shares of the company’s stock after acquiring an additional 16,312 shares during the quarter. XTX Topco Ltd owned approximately 0.05% of Sinclair worth $606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SBGI. Tower Research Capital LLC TRC raised its holdings in Sinclair by 154.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock worth $87,000 after purchasing an additional 2,942 shares in the last quarter. Dark Forest Capital Management LP grew its position in shares of Sinclair by 300.1% in the 1st quarter. Dark Forest Capital Management LP now owns 5,489 shares of the company’s stock valued at $94,000 after buying an additional 4,117 shares during the last quarter. Point72 Middle East FZE acquired a new stake in Sinclair during the 4th quarter worth $96,000. US Bancorp DE lifted its position in Sinclair by 27.0% in the first quarter. US Bancorp DE now owns 5,691 shares of the company’s stock valued at $98,000 after acquiring an additional 1,210 shares during the last quarter. Finally, UBS Group AG boosted its stake in Sinclair by 34.9% in the fourth quarter. UBS Group AG now owns 6,391 shares of the company’s stock valued at $99,000 after acquiring an additional 1,654 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Sinclair Stock Up 0.3 %

SBGI stock opened at $10.25 on Monday. The stock has a market capitalization of $650.06 million, a PE ratio of 4.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.41. The company has a fifty day moving average of $13.27 and a 200-day moving average of $15.11. The company has a debt-to-equity ratio of 6.53, a quick ratio of 2.41 and a current ratio of 2.41. Sinclair, Inc. has a one year low of $9.81 and a one year high of $22.87.

Sinclair (NASDAQ:SBGI) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.51). The business had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $765.72 million. Sinclair had a net margin of 5.14% and a return on equity of 29.58%. As a group, analysts expect that Sinclair, Inc. will post 1.69 EPS for the current year.

Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.76%. Sinclair’s payout ratio is currently 42.19%.

Analysts Set New Price Targets

SBGI has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Sinclair in a report on Wednesday, August 23rd. TheStreet downgraded Sinclair from a “b-” rating to a “c” rating in a report on Monday, June 5th. Rosenblatt Securities cut their target price on shares of Sinclair from $18.60 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, September 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sinclair from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, August 15th. Finally, StockNews.com initiated coverage on shares of Sinclair in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Sinclair has an average rating of “Hold” and an average target price of $22.75.

Sinclair Company Profile

Sinclair, Inc, a media company, focuses on providing content on local television stations and digital platforms. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, other original programming, and college sports.