Parametrica Management Ltd Buys Shares of 5,467 Sinclair Broadcast Group Inc (SBGI)

Parametrica Management Ltd bought a new position in Sinclair Broadcast Group Inc (NASDAQ:SBGI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,467 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Sinclair Broadcast Group in the second quarter worth $141,000. FNY Managed Accounts LLC purchased a new stake in Sinclair Broadcast Group in the third quarter worth $153,000. Cheyne Capital Management UK LLP purchased a new stake in Sinclair Broadcast Group in the third quarter worth $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sinclair Broadcast Group by 68.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,346 shares of the company’s stock worth $171,000 after purchasing an additional 2,176 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Sinclair Broadcast Group in the third quarter worth $234,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

Sinclair Broadcast Group Inc (NASDAQ:SBGI) opened at $35.75 on Wednesday. Sinclair Broadcast Group Inc has a 12-month low of $26.70 and a 12-month high of $43.05. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $3,616.89, a price-to-earnings ratio of 15.00, a PEG ratio of 1.94 and a beta of 1.80.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, January 30th. Stephens set a $47.00 target price on Sinclair Broadcast Group and gave the stock a “buy” rating in a research note on Tuesday, January 16th. BidaskClub lowered Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $48.00 target price on shares of Sinclair Broadcast Group in a research note on Thursday, January 4th. Finally, ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $46.33.

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About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.

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Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

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