17,809 Shares in Sinclair, Inc. (NASDAQ:SBGI) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of Sinclair, Inc. (NASDAQ:SBGI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,809 shares of the company's stock, valued at approximately $287,000.

Other hedge funds have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Sinclair in the fourth quarter valued at $1,688,000. Vanguard Group Inc. grew its holdings in Sinclair by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,714,036 shares of the company's stock valued at $59,945,000 after buying an additional 64,683 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Sinclair during the fourth quarter valued at about $940,000. Gamco Investors INC. ET AL lifted its holdings in shares of Sinclair by 1.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,704,282 shares of the company's stock worth $59,787,000 after buying an additional 55,350 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sinclair by 188.0% in the fourth quarter. JPMorgan Chase & Co. now owns 80,206 shares of the company's stock valued at $1,295,000 after acquiring an additional 52,355 shares during the period. Institutional investors own 41.71% of the company's stock.

Sinclair Trading Up 0.9 %

Shares of SBGI traded up $0.13 during trading hours on Friday, hitting $15.07. The company had a trading volume of 125,740 shares, compared to its average volume of 361,603. The firm has a market cap of $1.00 billion, a P/E ratio of -4.57 and a beta of 1.36. Sinclair, Inc. has a 52-week low of $11.13 and a 52-week high of $18.46. The stock's 50 day moving average price is $14.82 and its 200 day moving average price is $15.63. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 11.73.

Sinclair (NASDAQ:SBGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($2.18) EPS for the quarter, missing the consensus estimate of ($1.78) by ($0.40). The company had revenue of $776.00 million during the quarter, compared to analysts' expectations of $774.79 million. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. On average, research analysts predict that Sinclair, Inc. will post 4.24 EPS for the current year.

Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, May 30th. Sinclair's dividend payout ratio is currently 21.46%.

Insider Activity at Sinclair

In related news, Chairman David D. Smith acquired 125,197 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $14.98 per share, with a total value of $1,875,451.06. Following the completion of the acquisition, the chairman now directly owns 1,207,968 shares of the company's stock, valued at approximately $18,095,360.64. This trade represents a 11.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 458,530 shares of company stock valued at $6,636,392 over the last ninety days. Insiders own 46.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Sinclair from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Guggenheim reduced their target price on Sinclair from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Benchmark reduced their target price on Sinclair from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, StockNews.com cut Sinclair from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.10.

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.