Fintel reports that on April 18, 2023,
Deutsche Bank
maintained
coverage of Sinclair Broadcast Group, Inc. – (NASDAQ:SBGI) with
a Hold recommendation.
Analyst Price Forecast Suggests 14.07% Upside
As of April 6, 2023,
the average one-year price target for Sinclair Broadcast Group, Inc. – is $23.40.
The forecasts range from a low of $13.64 to a high of $39.90.
The average price target represents an increase of 14.07% from its latest reported closing price of $20.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sinclair Broadcast Group, Inc. –
is $3,340MM, a decrease of 14.97%.
The projected annual non-GAAP EPS
is $0.77.
What are Other Shareholders Doing?
CBHAX – Victory Market Neutral Income Fund
holds 249K shares
representing 0.37% ownership of the company.
In it’s prior filing, the firm reported owning 33K shares, representing
an increase
of 86.67%.
The firm
decreased
its portfolio allocation in SBGI by 44.98% over the last quarter.
EQ ADVISORS TRUST – 1290 VT GAMCO Small Company Value Portfolio Class IA
holds 530K shares
representing 0.79% ownership of the company.
In it’s prior filing, the firm reported owning 505K shares, representing
an increase
of 4.72%.
The firm
decreased
its portfolio allocation in SBGI by 19.39% over the last quarter.
Exchange Traded Concepts
holds 29K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
FNDA – Schwab Fundamental U.S. Small Company Index ETF
holds 271K shares
representing 0.40% ownership of the company.
In it’s prior filing, the firm reported owning 299K shares, representing
a decrease
of 10.28%.
The firm
decreased
its portfolio allocation in SBGI by 29.92% over the last quarter.
Great West Life Assurance
holds 15K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 10K shares, representing
an increase
of 30.81%.
The firm
decreased
its portfolio allocation in SBGI by 99.88% over the last quarter.
What is the Fund Sentiment?
There are 402 funds or institutions reporting positions in Sinclair Broadcast Group, Inc. -.
This is a decrease
of
11
owner(s) or 2.66% in the last quarter.
Average portfolio weight of all funds dedicated to SBGI is 0.09%,
a decrease
of 24.82%.
Total shares owned by institutions increased
in the last three months by 3.28% to 42,637K shares.
The put/call ratio of SBGI is 1.19, indicating a
bearish
outlook.
Sinclair Broadcast Group Background Information
(This description is provided by the company.)
Sinclair Broadcast Group, Inc. is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 RSN brands; owns, operates and/or provides services to 190 television stations in 88 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. Sinclair, either directly or through its venture subsidiaries, makes equity investments in strategic companies.
See all Sinclair Broadcast Group, Inc. – regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
