Brokerages Set Sinclair, Inc. (NASDAQ:SBGI) PT at $18.14

Sinclair, Inc. (NASDAQ:SBGI - Get Free Report) has been assigned an average rating of "Hold" from the five analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.14.

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities upped their price objective on Sinclair from $10.40 to $15.70 and gave the stock a "neutral" rating in a research note on Thursday, January 18th. StockNews.com cut shares of Sinclair from a "hold" rating to a "sell" rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Sinclair from $12.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st.

Insider Transactions at Sinclair

In other 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 transaction of $279,592.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Sinclair news, Director Daniel C. Keith sold 30,086 shares of Sinclair stock in a transaction 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 directly owns 30,000 shares of the company's stock, valued at approximately $407,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David R. Bochenek sold 20,803 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $13.44, for a total value of $279,592.32. The disclosure for this sale can be found here. Corporate insiders own 41.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in shares of Sinclair during the 3rd quarter worth approximately $31,000. DekaBank Deutsche Girozentrale bought a new stake in Sinclair during the third quarter worth $113,000. Russell Investments Group Ltd. acquired a new stake in shares of Sinclair in the 4th quarter valued at $117,000. Nisa Investment Advisors LLC increased its stake in shares of Sinclair by 29,122.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,520 shares of the company's stock valued at $118,000 after purchasing an additional 10,484 shares during the last quarter. Finally, Valley Forge Investment Consultants Inc. ADV acquired a new position in shares of Sinclair during the 3rd quarter worth $120,000. Institutional investors and hedge funds own 41.71% of the company's stock.

Sinclair Stock Up 3.3 %

Shares of SBGI stock traded up $0.41 on Monday, hitting $12.53. 314,410 shares of the stock were exchanged, compared to its average volume of 449,406. Sinclair has a fifty-two week low of $9.39 and a fifty-two week high of $20.57. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 18.73. The business has a 50-day moving average of $12.98 and a 200 day moving average of $13.36. The firm has a market capitalization of $796.59 million, a P/E ratio of -2.59, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

Sinclair (NASDAQ:SBGI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.35. The company had revenue of $826.00 million during the quarter, compared to the consensus estimate of $838.75 million. Sinclair had a negative net margin of 9.29% and a positive return on equity of 26.46%. The company's quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Equities analysts anticipate that Sinclair will post 2.42 EPS for the current year.

Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.25 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.00 dividend on an annualized basis and a yield of 7.98%. Sinclair's dividend payout ratio (DPR) is currently -20.70%.

About Sinclair

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.