Sinclair Broadcast Group INC (SBGI) Holder Hg Vora Capital Management LLC Upped Position by $72.00 Million as Stock Price Declined

March 14, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.35, from 1.58 in 2017Q2. It worsened, as 39 investors sold SBGI shares while 58 reduced holdings. 41 funds opened positions while 78 raised stakes. 83.23 million shares or 3.94% more from 80.08 million shares in 2017Q2 were reported. 80,802 were accumulated by Delphi Management Inc Ma. Emerald Advisers Pa reported 72,084 shares or 0.09% of all its holdings. Dimensional Fund Limited Partnership holds 0.03% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 2.08 million shares. Cantab Capital Partners Limited Liability Partnership invested 0.07% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Legal & General Group Public Limited Company owns 33,667 shares. Orrstown Fincl holds 0.02% or 500 shares in its portfolio. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Metropolitan Life Ins New York holds 0.01% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 50,286 shares. New York State Common Retirement Fund reported 331,886 shares stake. Hbk Investments Limited Partnership holds 0.02% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 87,541 shares. Pacad Investment Ltd invested in 3,800 shares. Royal Natl Bank Of Canada owns 976,303 shares for 0.02% of their portfolio. Bank Of America De invested in 0% or 449,019 shares. Jpmorgan Chase & holds 2.21M shares or 0.02% of its portfolio. Moreover, Rothschild Asset Management has 0.33% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 924,384 shares.

Parag Vora increased its stake in Sinclair Broadcast Group Inc (SBGI) by 47.37% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc bought 2.25 million shares as the company’s stock declined 9.32% while stock markets rallied. The hedge fund run by Parag Vora held 7.00 million shares of the consumer services company at the end of 2017Q3, valued at $224.35 million, up from 4.75M at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.36 billion market cap company. The stock decreased 0.15% or $0.05 during the last trading session, reaching $33. About 567,535 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since March 14, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: which released: “Sinclair Says It’s Closer to Winning Approval for Tribune” on February 28, 2018, also with their article: “Controversial Sinclair Station Sales in NYC, Chicago Advance” published on March 07, 2018, published: “Seeking Tribune deal approval, Sinclair offers to sell NY, Chicago stations” on February 21, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: and their article: “Sinclair Names Larry Strumwasser To General Manager In Las Vegas, Nevada” published on March 13, 2018 as well as‘s news article titled: “Sinclair Station Buyers in Tribune Deal Would Have Company Ties” with publication date: March 02, 2018.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Ratings Coverage

Among 8 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 24 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 16 by Stephens. The rating was maintained by B. Riley & Co on Thursday, March 1 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 3. The firm has “Buy” rating given on Wednesday, November 1 by RBC Capital Markets. As per Tuesday, November 10, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Stephens to “Overweight” on Thursday, November 3. The rating was maintained by Wedbush on Thursday, February 23 with “Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Thursday, February 23 report. The rating was maintained by Wedbush with “Outperform” on Tuesday, September 27. On Wednesday, February 28 the stock rating was maintained by FBR Capital with “Buy”.

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