Brokerages Set Sinclair, Inc. (NASDAQ:SBGI) Price Target at $20.10

Sinclair, Inc. (NASDAQ:SBGI) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.10.

SBGI has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Rosenblatt Securities upped their price target on shares of Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research report on Friday, September 20th. StockNews.com raised Sinclair from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Benchmark upped their target price on Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company raised Sinclair from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $13.00 to $19.00 in a research note on Thursday, November 7th.

Institutional Trading of Sinclair

Several large investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Sinclair in the second quarter worth approximately $28,000. GAMMA Investing LLC grew its position in Sinclair by 81.6% in the 3rd 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 period. Harbor Capital Advisors Inc. acquired a new stake in Sinclair in the 3rd quarter valued at $39,000. EntryPoint Capital LLC increased its stake in Sinclair by 37.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock valued at $54,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in Sinclair by 1,039.0% during the second quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock worth $62,000 after buying an additional 4,239 shares during the last quarter. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Sinclair Trading Up 0.7 %

NASDAQ SBGI opened at $17.29 on Tuesday. The firm has a market capitalization of $1.15 billion, a PE ratio of -5.24, a price-to-earnings-growth ratio of 0.15 and a beta of 1.53. The business’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $14.42. 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 has a 12 month low of $11.13 and a 12 month high of $18.20.

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

Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 5.78%. Sinclair’s dividend payout ratio is currently -30.30%.

Sinclair Company 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.