In today’s session Sinclair Broadcast Group Inc (SBGI) registered an unusually high (552) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SBGI increase. With 552 contracts traded and 924 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SBGI161216C00033000 closed last at: $0.75 or 6.3% down. About 252,748 shares traded hands. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has declined 3.36% since April 18, 2016 and is downtrending. It has underperformed by 7.79% the S&P500.
Sinclair Broadcast Group Inc (NASDAQ:SBGI) Ratings Coverage
Out of 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sinclair Broadcast Group Inc has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, January 29 by Wedbush. As per Wednesday, November 18, the company rating was initiated by Stephens. RBC Capital Markets maintained the shares of SBGI in a report on Tuesday, November 10 with “Outperform” rating. The firm earned “Outperform” rating on Tuesday, September 27 by Wedbush. The rating was upgraded by Stephens on Thursday, November 3 to “Overweight”. The company was maintained on Thursday, November 5 by Benchmark.
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.”
Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.02, from 0.95 in 2016Q1. The ratio improved, 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.
Investec Asset Mngmt Limited holds 0.29% or 1.87M shares in its portfolio. Rbf Cap Ltd, a California-based fund reported 10,000 shares. Great West Life Assurance Can holds 7,047 shares or 0% of its portfolio. First Personal Fincl Services has 404 shares for 0% of their US portfolio. Grt Prtn Llc holds 24,272 shares or 0.18% of its portfolio. Cubist Systematic Strategies Ltd Com accumulated 7,548 shares or 0.01% of the stock. Metropolitan Life Co, a New York-based fund reported 46,563 shares. Selz Cap Llc holds 372,500 shares or 3.16% of its portfolio. The California-based Schwab Charles Management Inc has invested 0.01% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). National Bank Of America De has 0% invested in the company for 318,443 shares. Qs Ltd accumulated 0.04% or 166,077 shares. Anchor Capital Llc owns 45,989 shares or 0.03% of their US portfolio. Wellington Group Llp last reported 0% of its portfolio in the stock. Sei Invests accumulated 0% or 15,927 shares. Putnam Invests Ltd Liability holds 59,874 shares or 0% of its portfolio.
Insider Transactions: Since October 5, 2016, the stock had 0 insider purchases, and 1 insider sale for $57,260 net activity. The insider MCCANNA LAWRENCE E sold 2,000 shares worth $57,260.
Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has a market cap of $2.96 billion. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. It has a 16.89 P/E ratio. The Company’s divisions include Broadcast, Other and Corporate.
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.
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 Baltimoresun.com with their article: “Sinclair Broadcast shuffles top management in second round of changes” published on November 11, 2016, Baltimoresun.com published: “Sinclair Broadcast expects deregulation under Trump” on November 09, 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 Prnewswire.com‘s news article titled: “Sinclair Broadcast Group Enters Into Retransmission Consent Agreement With Comcast” with publication date: August 03, 2016.
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