losangelesnewstoday.com
losangelesnewstoday.com May 20, 2018


Channel 8 being sold to 21st Century Fox

11 May 2018, 12:55 | Kristen Gross

The headquarters of the Sinclair Broadcast Group is shown

Sinclair Broadcast Group agrees to sell seven TV stations to Fox

Billings Capital Management LLC now owns 289,475 shares of the company's stock worth $10,957,000 after buying an additional 239,184 shares in the last quarter. The company reported $1.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.60 by $1.07.

Fox joins other previously announced buyers of Tribune and Sinclair stations, including Standard Media Group LLC, an affiliate of Standard General; Meredith Corp.; Howard Stirk; and Cunningham Broadcasting Corp. The stock decreased 1.42% or $0.4 during the last trading session, touching $27.85.Sinclair Broadcast Group, Inc. has volume of 900,690 shares. The stock average trading capacity stands with 2168.89K shares and relative volume is now at 1.27. (NASDAQ:SBGI) for 40,261 shs. SBGI underperformed the S&P 500 by 32.54%.

Frontier Investment Mgmt Company increased its stake in Transcanada Corp (TRP) by 16.14% based on its latest 2017Q4 regulatory filing with the SEC. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth. The company has market cap of $3.05 billion.

The stock increased 4.24% or $0.14 during the last trading session, reaching $3.44. At one point in the past year, the shares traded as low as $26.50 but has recovered 12.64% since then. Ocean Bio-Chem, Inc. (OBCI) has declined 12.98% since May 9, 2017 and is downtrending.

Blackrock Inc. owns 15,074 shares or 0% of their U.S. portfolio. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 2.53. (NASDAQ:SBGI) for 2.12 million shares.

John McCain urges Senate to reject Gina Haspel's nomination for Central Intelligence Agency director
McCain's opposition to Haspel's nomination marked the latest instance in which the Arizona senator broke with Trump. Kamala Harris , D-Calif., pressed Haspel regarding her views on torture being "immoral".

Fitbit, Inc.is maintained at an average hold rating by 14 stock analysts, and there are at least 18.66% of shares outstanding that are now legally short sold. Therefore 85% are positive. (NASDAQ:SBGI) was released by: Streetinsider.com and their article: "Sinclair Broadcast Group (SBGI) Says it was Removed From Sony Vue Platforms" with publication date: May 02, 2018. The firm has "Mkt Perform" rating by FBR Capital given on Thursday, January 28. The company was upgraded on Friday, September 11 by Goldman Sachs. Finally, Benchmark reaffirmed a "buy" rating and set a $55.00 price objective on shares of Sinclair Broadcast Group in a research report on Wednesday, February 21st.

SBGI has been the topic of a number of other research reports. The firm earned "Overweight" rating on Tuesday, December 15 by JP Morgan. The company was maintained on Wednesday, November 4 by RBC Capital Markets.

11/3/2017-Ameriprise Financial Reiterated Rating of Buy. The stock has "Outperform" rating by Wedbush on Thursday, February 23. The positive are 100%. Sinclair Broadcast Group has recently come under fire for forcing its news anchors to record a promo about "the troubling trend of irresponsible, one sided news stories plaguing our country", sentiments echoing that of President Trump. Stephens maintained the stock with "Buy" rating in Friday, June 2 report. Market capitalization refers to the entire dollar market cost of a company's outstanding shares. 5 are the (NASDAQ:SBGI)'s ratings reports on May 8, 2018 according to StockzIntelligence Inc. The higher the volume during the price move, the more significant the progress. The firm has "Buy" rating by B. Riley & Co given on Thursday, March 1. Parametric Portfolio Ltd has invested 0% of its portfolio in Sinclair Broadcast Group, Inc.

The proposed merger has run into strong opposition from those anxious about the loss of diverse voices across the broadcast landscape, a concern heightened by Sinclair's conservative leanings. The company's Market capitalization is $1.65B with the total Outstanding Shares of 110.24M. We observed 7.40% rate of return for a stock for the last 5-trading days, which was maintained for the month at 9.92%. Its down 0.26, from 1.23 in 2017Q3. The investment managers in our database now hold: 709,870 shares, up from 654,064 shares in 2017Q3. (NASDAQ:SBGI). Penn Mngmt Com invested in 1.63% or 614,825 shares. Bessemer Gru Inc Inc holds 2,461 shares or 0% of its portfolio. Alliancebernstein LP owns 109,462 shares for 0% of their portfolio.

That purchase would make Sinclair the largest television station owner. (NASDAQ:SBGI) for 390 shares. Moreover, Water Island Cap has 0% invested in Sinclair Broadcast Group, Inc. Employees Retirement System Of Ohio stated it has 0.02% in Sinclair Broadcast Group, Inc. Gabelli Funds LLC increased its position in shares of Sinclair Broadcast Group by 3.4% during the first quarter. (NASDAQ:SBGI) for 2.12M shares.



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