Swiss National Bank Has $815,000 Position in Sinclair, Inc. (NASDAQ:SBGI)

Swiss National Bank lessened its position in Sinclair, Inc. (NASDAQ:SBGIFree Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,550 shares of the company’s stock after selling 6,500 shares during the period. Swiss National Bank owned 0.10% of Sinclair worth $815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in Sinclair by 2.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 3,524,743 shares of the company’s stock worth $39,548,000 after purchasing an additional 91,870 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sinclair by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 634,607 shares of the company’s stock valued at $7,120,000 after buying an additional 34,595 shares during the period. AQR Capital Management LLC increased its stake in shares of Sinclair by 102.0% in the third quarter. AQR Capital Management LLC now owns 478,946 shares of the company’s stock valued at $5,374,000 after buying an additional 241,895 shares during the period. Choreo LLC acquired a new stake in shares of Sinclair in the fourth quarter valued at about $2,982,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Sinclair in the third quarter valued at about $2,231,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Analysts Set New Price Targets

SBGI has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Sinclair from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. StockNews.com raised Sinclair from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Sinclair currently has an average rating of “Hold” and an average target price of $18.14.

View Our Latest Report on SBGI

Insiders Place Their Bets

In other Sinclair news, Director Daniel C. Keith sold 30,086 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $13.58, for a total value of $408,567.88. Following the transaction, the director now owns 30,000 shares in the company, valued at $407,400. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Sinclair news, CAO David R. Bochenek sold 20,803 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $13.44, for a total value of $279,592.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel C. Keith sold 30,086 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $13.58, for a total value of $408,567.88. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at approximately $407,400. The disclosure for this sale can be found here. Corporate insiders own 46.60% of the company’s stock.

Sinclair Stock Up 12.1 %

Shares of Sinclair stock opened at $14.20 on Friday. Sinclair, Inc. has a one year low of $9.39 and a one year high of $17.58. The company has a debt-to-equity ratio of 15.29, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50-day moving average is $13.02 and its 200 day moving average is $13.66. The firm has a market cap of $939.76 million, a price-to-earnings ratio of -1.99, a PEG ratio of 0.19 and a beta of 1.38.

Sinclair (NASDAQ:SBGIGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of ($0.54) by $0.97. Sinclair had a negative return on equity of 2.65% and a negative net margin of 14.34%. The company had revenue of $798.00 million for the quarter, compared to analyst estimates of $798.68 million. Equities research analysts anticipate that Sinclair, Inc. will post 3.75 EPS for the current year.

Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.00 annualized dividend and a yield of 7.04%. Sinclair’s payout ratio is currently -14.04%.

About Sinclair

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sinclair (NASDAQ:SBGI)

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