Barclays PLC Has $831,000 Stock Position in Sinclair, Inc. (NASDAQ:SBGI)

Barclays PLC lifted its position in Sinclair, Inc. (NASDAQ:SBGI - Free Report) by 378.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,229 shares of the company's stock after buying an additional 42,887 shares during the quarter. Barclays PLC owned about 0.08% of Sinclair worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Sinclair by 1.9% in the third quarter. Geode Capital Management LLC now owns 826,949 shares of the company's stock valued at $12,655,000 after purchasing an additional 15,263 shares during the last quarter. Point72 DIFC Ltd bought a new position in Sinclair in the 3rd quarter valued at about $91,000. Point72 Asset Management L.P. bought a new position in Sinclair in the 3rd quarter valued at about $2,110,000. Parallax Volatility Advisers L.P. lifted its position in Sinclair by 38.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 52,472 shares of the company's stock worth $803,000 after acquiring an additional 14,683 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Sinclair by 15.4% in the third quarter. HighTower Advisors LLC now owns 28,463 shares of the company's stock valued at $433,000 after purchasing an additional 3,801 shares during the last quarter. 41.71% of the stock is owned by institutional investors.

Sinclair Price Performance

SBGI stock traded down $0.56 during mid-day trading on Thursday, hitting $15.08. The stock had a trading volume of 104,383 shares, compared to its average volume of 214,526. The firm has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $15.47. The firm has a market capitalization of $1.00 billion, a P/E ratio of -4.56 and a beta of 1.57. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. Sinclair, Inc. has a 52 week low of $11.13 and a 52 week high of $18.45.

Sinclair (NASDAQ:SBGI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.54. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. The business had revenue of $917.00 million for the quarter, compared to analysts' expectations of $923.02 million. During the same period last year, the firm posted ($0.30) earnings per share. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts forecast that Sinclair, Inc. will post 4.24 EPS for the current year.

Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend was Monday, December 2nd. Sinclair's dividend payout ratio (DPR) is presently -30.30%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Sinclair from $14.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Guggenheim lifted their target price on Sinclair from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Rosenblatt Securities upped their price target on shares of Sinclair from $16.40 to $16.50 and gave the company a "neutral" rating in a research note on Friday, September 20th. Wells Fargo & Company raised shares of Sinclair from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $13.00 to $19.00 in a research report on Thursday, November 7th. Finally, Benchmark increased their target price on shares of Sinclair from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sinclair has an average rating of "Hold" and an average target price of $20.10.

About Sinclair

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.