Sinclair Broadcast Group INC (SBGI) Position Increased by Raging Capital Management Llc

June 17, 2018 - By Marguerite Chambers

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) LogoInvestors sentiment decreased to 0.67 in 2018 Q1. Its down 0.30, from 0.97 in 2017Q4. It worsened, as 36 investors sold SBGI shares while 78 reduced holdings. 32 funds opened positions while 44 raised stakes. 82.13 million shares or 3.12% less from 84.77 million shares in 2017Q4 were reported. Brinker Capital invested in 17,206 shares. Bb&T Corp holds 7,297 shares or 0% of its portfolio. First Tru Advisors Limited Partnership reported 76,007 shares. Great West Life Assurance Com Can accumulated 0% or 11,547 shares. Orrstown Svcs owns 500 shares or 0.02% of their US portfolio. Steinberg Asset Mngmt Limited Liability Company invested in 0.12% or 8,380 shares. Northwestern Mutual Wealth Management Co has 150 shares. Delphi Mngmt Inc Ma owns 76,894 shares or 1.46% of their US portfolio. 1832 Asset Management Limited Partnership holds 0% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 150 shares. Moreover, Prudential Financial has 0.03% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Aperio Gp Limited Company stated it has 13,660 shares or 0% of all its holdings. Vanguard Group, Pennsylvania-based fund reported 6.40M shares. Gabelli Funds Ltd Liability Corporation holds 0.07% or 386,300 shares. Moreover, Credit Suisse Ag has 0.01% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 297,113 shares. Voya Management Limited Liability Co owns 31,750 shares or 0% of their US portfolio.

William C. Martin increased its stake in Sinclair Broadcast Group Inc (SBGI) by 200.4% based on its latest 2018Q1 regulatory filing with the SEC. Raging Capital Management Llc bought 1.34 million shares as the company’s stock declined 21.28% with the market. The hedge fund run by William C. Martin held 2.00 million shares of the consumer services company at the end of 2018Q1, valued at $62.65 million, up from 666,300 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.33B market cap company. The stock decreased 1.21% or $0.4 during the last trading session, reaching $32.6. About 1.81M shares traded or 27.58% up from the average. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 13.49% since June 17, 2017 and is downtrending. It has underperformed by 26.06% the S&P500.

Raging Capital Management Llc, which manages about $631.31M and $749.80M US Long portfolio, decreased its stake in Fiat Chrysler Automobiles N by 392,018 shares to 1.81 million shares, valued at $37.10 million in 2018Q1, according to the filing. It also reduced its holding in Scorpio Bulkers Inc by 599,699 shares in the quarter, leaving it with 2.94 million shares, and cut its stake in Builders Firstsource Inc (NASDAQ:BLDR).

More important recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Seekingalpha.com which released: “Sinclair Broadcast names two technical executives” on June 11, 2018, also Globenewswire.com published article titled: “Detailed Research: Economic Perspectives on Quorum Health, IMAX, Turquoise Hill Resources, Crawford, Stepan, and …”, Streetinsider.com published: “Bearish Options Activity in Sinclair Broadcast Group (SBGI), Targets 7% Downside in Shares Ahead of Important June …” on June 14, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) was released by: Seekingalpha.com and their article: “Aftermarket trade ripples run wide from AT&T/Time Warner decision” with publication date: June 12, 2018.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Ratings Coverage

Among 3 analysts covering Sinclair Broadcast (NASDAQ:SBGI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast had 3 analyst reports since January 16, 2018 according to SRatingsIntel. The stock has “Buy” rating by B. Riley & Co on Thursday, March 1. The rating was maintained by FBR Capital on Wednesday, February 28 with “Buy”. Stephens maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Tuesday, January 16 with “Buy” rating.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Institutional Positions Chart

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