Sinclair, Inc. (NASDAQ:SBGI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Sinclair, Inc. (NASDAQ:SBGI) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,126 shares of the company’s stock after selling 1,112 shares during the period. SG Americas Securities LLC’s holdings in Sinclair were worth $309,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SBGI. GAMMA Investing LLC increased its stake in Sinclair by 81.6% during the third quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock valued at $35,000 after purchasing an additional 1,026 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sinclair in the 3rd quarter worth about $39,000. nVerses Capital LLC lifted its position in Sinclair by 71.4% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $55,000 after purchasing an additional 1,500 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Sinclair during the 3rd quarter valued at about $91,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sinclair in the third quarter worth about $121,000. 41.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Sinclair from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of Sinclair in a research report on Tuesday, January 28th. Guggenheim increased their price objective on Sinclair from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised Sinclair from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $13.00 to $19.00 in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.10.

Sinclair Stock Up 2.6 %

Shares of Sinclair stock opened at $14.92 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. Sinclair, Inc. has a 1 year low of $11.13 and a 1 year high of $18.45. The stock has a 50-day moving average price of $16.29 and a 200 day moving average price of $15.54. The company has a market cap of $990.99 million, a P/E ratio of -4.52 and a beta of 1.55.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.89 by $0.54. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. The business had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $923.02 million. During the same period last year, the company posted ($0.30) earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, analysts expect that Sinclair, Inc. will post 4.24 EPS for the current fiscal year.

Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.70%. The ex-dividend date was Monday, December 2nd. Sinclair’s payout ratio is currently -30.30%.

Sinclair Profile

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.