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.
