San Luis Wealth Advisors LLC acquired a new position in shares of Sinclair, Inc. (NASDAQ:SBGI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,039 shares of the company's stock, valued at approximately $791,000. San Luis Wealth Advisors LLC owned approximately 0.07% of Sinclair at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Sinclair by 81.6% during the third quarter. GAMMA Investing LLC now owns 2,283 shares of the company's stock worth $35,000 after purchasing an additional 1,026 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Sinclair during the 3rd quarter worth approximately $39,000. nVerses Capital LLC increased its position in Sinclair by 71.4% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $55,000 after acquiring an additional 1,500 shares during the period. Headlands Technologies LLC raised its stake in shares of Sinclair by 1,039.0% during the second quarter. Headlands Technologies LLC now owns 4,647 shares of the company's stock valued at $62,000 after acquiring an additional 4,239 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Sinclair during the third quarter worth $91,000. Institutional investors own 41.71% of the company's stock.
Sinclair Trading Up 0.4 %
SBGI stock traded up $0.07 during mid-day trading on Wednesday, reaching $15.64. The company's stock had a trading volume of 180,007 shares, compared to its average volume of 229,379. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -4.74, a price-to-earnings-growth ratio of 0.15 and a beta of 1.57. Sinclair, Inc. has a 12 month low of $11.13 and a 12 month high of $18.45. The business's 50 day moving average price is $16.76 and its 200 day moving average price is $15.47. 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 (NASDAQ:SBGI - Get Free Report) last released its earnings results 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. The company had revenue of $917.00 million for the quarter, compared to the consensus estimate of $923.02 million. Sinclair had a negative net margin of 6.14% and a positive return on equity of 63.89%. Sinclair's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS. On average, equities research analysts predict that Sinclair, Inc. will post 4.24 EPS for the current year.
Sinclair Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 6.39%. Sinclair's dividend payout ratio is presently -30.30%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on SBGI shares. JPMorgan Chase & Co. raised their target price on Sinclair from $14.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 12th. Benchmark raised their price objective on Sinclair from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Rosenblatt Securities upped their target price on Sinclair from $16.40 to $16.50 and gave the company a "neutral" rating in a report on Friday, September 20th. Wells Fargo & Company upgraded 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 report on Thursday, November 7th. Finally, StockNews.com raised shares of Sinclair from a "sell" rating to a "hold" rating in a research note on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sinclair presently has a consensus rating of "Hold" and an average target price of $20.10.
View Our Latest Stock Analysis on Sinclair
About Sinclair
(
Free Report)
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.
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