Filing Summary: Why Smith David D Reported Big Sinclair Broadcast Group Inc Position?

Filing Summary: Why Smith David D Reported Big Sinclair Broadcast Group Inc Position?

The New Smith David D Holding in Sinclair Broadcast Group Inc

Smith David D filed with the SEC SC 13D/A form for Sinclair Broadcast Group Inc. The form can be accessed here: 000091275216000055. As reported in Smith David D’s form, the filler as of late owns 30.1% or 27,993,314 shares of the Consumer Discretionary–company.

Sinclair Broadcast Group Inc stake is a new one for the and it was filed because of activity on September 27, 2016. We feel this shows Smith David D’s positive view for the stock.

Reasons Why Smith David D Bought – Sinclair Broadcast Group Inc Stock

Item 4.Purpose of Transaction

Item 4 of this Schedule 13D is amended by adding the following:

The Group is filing this Amendment No. 16 to report an increase in the percentage of shares beneficially owned by the Group due to share repurchases by the Issuer.

Sinclair Broadcast Group Inc Institutional Sentiment

Latest Security and Exchange filings show 179 investors own Sinclair Broadcast Group Inc. The institutional ownership in Q3 2015 is high, at 99.45% of the outstanding shares. This is decreased by 1366662 the total institutional shares. 68125078 were the shares owned by these institutional investors. In total 32 funds opened new Sinclair Broadcast Group Inc stakes, 72 increased stakes. There were 33 that closed positions and 52 reduced them.

6 managers had the stock in their top Ten. Notable investors are: Beach Point Capital Management Lp, Wingspan Investment Management Lp, Gmt Capital Corp, Selz Capital Llc..

Bernard Selz Selz Capital Llc is an institutional investor bullish on Sinclair Broadcast Group Inc, owning 435400 shares as of Q3 2015 for 3.04% of its portfolio. Richard Barrera Roystone Capital Management Lp owns 4258000 shares or 5.15% of its portfolio. NY Glenhill Advisors Llc have 7.75% of their stock portfolio for 3907227 shares. Further, Beach Point Capital Management Lp reported stake worth 5.66% of its US stock portfolio. The CA Gratia Capital Llc owns 1114466 shares. Sinclair Broadcast Group Inc is 4.88% of the manager’s US portfolio.

Business Profile

Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to television stations in the United States. The Company’s segments include Broadcast, Other and Corporate. The Broadcast segment consists of all of its television stations. The Other segment primarily consists of original networks and content, digital and Internet solutions, technical services and other non-media investments. The Company owns and provides programming and operating services pursuant to local marketing agreements (LMAs), or provides sales services and other non-programming operating services pursuant to joint sales agreements (JSA) and shared services agreements (SSA) to approximately 160 stations in over 80 markets. These stations broadcast over 440 channels, including 215 channels affiliated with primary networks or program service providers. It has a total of over 10 other low powered stations.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.47, from 1.42 in 2016Q1. The ratio worsened, as 30 funds sold all Sinclair Broadcast Group Inc shares owned while 74 reduced positions. 32 funds bought stakes while 67 increased positions. They now own 64.03 million shares or 6.22% less from 68.27 million shares in 2016Q1.

Kcg has 29,811 shares for 0.02% of their US portfolio. First Personal Financial Services has invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Northern Mngmt Ltd Liability owns 53,190 shares or 0.71% of their US portfolio. Voya Investment Management Limited Liability Co accumulated 0% or 26,727 shares. Guggenheim Capital Ltd Co has 0% invested in the company for 37,967 shares. Northern last reported 0.01% of its portfolio in the stock. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 1,575 shares. Stifel Fincl Corporation holds 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 19,508 shares. Ngam Advsrs L P has 0.01% invested in the company for 19,094 shares. Dana has invested 0.09% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Parametric Port Assoc Ltd Com has invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Moreover, Strs Ohio has 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 3,600 shares. Zweig has 7,700 shares for 0.02% of their US portfolio. Next Finance Group holds 300 shares or 0% of its portfolio. Bancorpsouth Inc reported 6,832 shares or 0.02% of all its holdings.

Insider Transactions: Since October 5, 2016, the stock had 0 insider buys, and 1 insider sale for $57,260 net activity. $57,260 worth of shares were sold by MCCANNA LAWRENCE E on Wednesday, October 5.

Analysts await Sinclair Broadcast Group Inc (NASDAQ:SBGI) to report earnings on November, 2. They expect $0.84 EPS, up 86.67% or $0.39 from last year’s $0.45 per share. SBGI’s profit will be $79.28M for 8.48 P/E if the $0.84 EPS becomes a reality. After $0.52 actual EPS reported by Sinclair Broadcast Group Inc for the previous quarter, Wall Street now forecasts 61.54% EPS growth.

The stock increased 0.11% or $0.03 during the last trading session, hitting $28.5. About 815,063 shares traded hands. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has declined 11.58% since March 3, 2016 and is downtrending. It has underperformed by 19.93% the S&P500.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has a market cap of $2.69 billion. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. It has a 15.57 P/E ratio. The Company’s divisions include Broadcast, Other and Corporate.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) Ratings Coverage

Out of 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $40 is the highest target while $34 is the lowest. The $38 average target is 33.33% above today’s ($28.5) stock price. Sinclair Broadcast Group Inc has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, January 29 by Wedbush. The company was initiated on Wednesday, November 18 by Stephens. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 10. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Outperform” rating given on Tuesday, September 27 by Wedbush. The firm has “Buy” rating by Benchmark given on Thursday, November 5.

More notable recent Sinclair Broadcast Group Inc (NASDAQ:SBGI) news were published by: Fool.com which released: “Why Sinclair Broadcast Group Inc Stock Slipped Today” on September 20, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: McDonald’s, Group 1 Automotive and Sinclair Broadcast Group” published on August 26, 2016, Wsj.com published: “Sinclair Broadcast Group Expressed Interest in Acquiring Weather Channel” on August 02, 2016. More interesting news about Sinclair Broadcast Group Inc (NASDAQ:SBGI) were released by: Wsj.com and their article: “Sinclair Broadcast Group to Acquire Tennis Channel” published on January 27, 2016 as well as Baltimoresun.com‘s news article titled: “Sinclair Broadcast Group makes Fortune 1000 list for first time” with publication date: June 22, 2016.

According to Zacks Investment Research, “Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States.”

SBGI Company Profile

Sinclair Broadcast Group, Inc., incorporated on November 19, 1986, is a television broadcasting company. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. The Company’s divisions include Broadcast, Other and Corporate. The Broadcast segment consists of all of its television stations. The Other segment primarily consists of original networks and content, digital and Internet solutions, technical services and other non-media investments. The Firm owns and provides programming and operating services pursuant to local marketing agreements (LMAs), or provides sales services and other non-programming operating services pursuant to joint sales agreements (JSA) and shared services agreements (SSA) to approximately 160 stations in over 80 markets. These stations broadcast over 440 channels, including 215 channels affiliated with primary networks or program service providers comprising FOX (47), ABC (32), CBS (29), NBC (23), CW (44), MyNetworkTV (MNT) (34) and Univision (6). Over 230 channels broadcast programming from Antenna TV, American Sports Network (ASN), Azteca, Bounce Network, COMET, Decades, Estrella TV, Get TV, Grit, Heartland, Me TV, MundoFox, Retro TV, Telemundo, This TV, News & Weather, Zuus Country, and one channel broadcasts independent programming.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment