Sinclair Broadcast Group Inc’s Stock Is Buy After Today’s Bullish Options Activity

 Sinclair Broadcast Group Inc's Stock Is Buy After Today's Bullish Options Activity

In today’s session Sinclair Broadcast Group Inc (SBGI) registered an unusually high (751) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SBGI increase. With 751 contracts traded and 39084 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SBGI170120C00035000 closed last at: $0.6 or 14.3% down. About 182,194 shares traded hands. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has declined 0.86% since April 27, 2016 and is downtrending. It has underperformed by 6.08% the S&P500.

Analysts await Sinclair Broadcast Group Inc (NASDAQ:SBGI) to report earnings on February, 22. They expect $1.36 earnings per share, up 122.95% or $0.75 from last year’s $0.61 per share. SBGI’s profit will be $125.47M for 6.06 P/E if the $1.36 EPS becomes a reality. After $0.70 actual earnings per share reported by Sinclair Broadcast Group Inc for the previous quarter, Wall Street now forecasts 94.29% EPS growth.

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. $40 is the highest target while $34 is the lowest. The $38 average target is 15.33% above today’s ($32.95) stock price. Sinclair Broadcast Group Inc has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Stephens upgraded the shares of SBGI in a report on Thursday, November 3 to “Overweight” rating. Benchmark maintained the shares of SBGI in a report on Thursday, November 5 with “Buy” rating. The rating was maintained by Wedbush on Friday, January 29 with “Outperform”. As per Wednesday, November 18, the company rating was initiated by Stephens. The company was maintained on Tuesday, September 27 by Wedbush. The firm earned “Outperform” rating on Tuesday, November 10 by RBC Capital Markets.

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 is positive, 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.
Architects last reported 720 shares in the company. Investec Asset Mgmt North America holds 23,013 shares or 0.1% of its portfolio. Us Bank & Trust De last reported 42,037 shares in the company. Beach Point Cap Management Lp last reported 792,025 shares in the company. Nationwide Fund Advisors has 0.01% invested in the company for 84,104 shares. Dimensional Fund Advsr Ltd Partnership last reported 0.03% of its portfolio in the stock. Moreover, Northern Capital Management Limited Liability Company has 0.71% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 53,190 shares. Moreover, Brigade Management L P has 1.3% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 280,000 shares. Citigroup holds 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 16,453 shares. Legal General Group Pcl owns 14,770 shares or 0% of their US portfolio. Moreover, Gsa Capital Prns Llp has 0.03% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 20,534 shares. Clearbridge Lc has 4,310 shares for 0% of their US portfolio. Federated Invsts Inc Pa holds 0.05% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 517,775 shares. The California-based Wells Fargo And Mn has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Selz Cap Ltd Liability, a New York-based fund reported 372,500 shares.

Insider Transactions: Since October 5, 2016, the stock had 0 insider buys, and 2 selling transactions for $217,092 net activity. $57,260 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) shares were sold by MCCANNA LAWRENCE E.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has a market cap of $3.04 billion. The Firm owns or provides certain programming, operating or sales services to television stations in the United States. It has a 17.18 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 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 Wsj.com published the news titled: “Sinclair Broadcast Group to Acquire Tennis Channel” on January 27, 2016. Prnewswire.com‘s news article titled: “Sinclair Broadcast Group Enters Into Retransmission Consent Agreement With Comcast” with publication date: August 03, 2016 was also an interesting one.

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