XTX Topco Ltd acquired a new position in Sinclair, Inc. (NASDAQ:SBGI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,148 shares of the company's stock, valued at approximately $406,000.
Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Sinclair by 26.9% during the 4th quarter. GAMMA Investing LLC now owns 2,896 shares of the company's stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. Federated Hermes Inc. bought a new stake in Sinclair during the fourth quarter valued at about $47,000. New York State Common Retirement Fund boosted its position in Sinclair by 29.4% during the fourth quarter. New York State Common Retirement Fund now owns 7,480 shares of the company's stock valued at $121,000 after purchasing an additional 1,700 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Sinclair in the fourth quarter valued at about $123,000. Finally, EntryPoint Capital LLC bought a new position in Sinclair in the fourth quarter worth about $194,000. 41.71% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Sinclair
In related news, Chairman David D. Smith acquired 17,902 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was acquired at an average price of $16.45 per share, with a total value of $294,487.90. Following the acquisition, the chairman now directly owns 1,082,771 shares in the company, valued at $17,811,582.95. This represents a 1.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 458,530 shares of company stock worth $6,636,392 over the last three months. Company insiders own 46.60% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on SBGI shares. StockNews.com downgraded shares of Sinclair from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Benchmark reaffirmed a "buy" rating and set a $30.00 price target on shares of Sinclair in a research report on Tuesday, January 28th. Guggenheim lowered their price objective on Sinclair from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on Sinclair from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sinclair has a consensus rating of "Hold" and a consensus price target of $19.30.
View Our Latest Report on SBGI
Sinclair Stock Performance
Shares of NASDAQ:SBGI traded up $0.21 on Friday, hitting $14.78. 233,826 shares of the company were exchanged, compared to its average volume of 358,016. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. The stock's 50 day moving average price is $14.74 and its 200 day moving average price is $15.75. Sinclair, Inc. has a 1-year low of $11.13 and a 1-year high of $18.46. The firm has a market capitalization of $982.41 million, a P/E ratio of -4.48 and a beta of 1.29.
Sinclair (NASDAQ:SBGI - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.62. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sell-side analysts predict that Sinclair, Inc. will post 4.24 EPS for the current year.
Sinclair Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 10th. This represents a $1.00 annualized dividend and a dividend yield of 6.77%. Sinclair's dividend payout ratio (DPR) is presently 21.46%.
Sinclair Profile
(
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.
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