Published: Fri, January 12, 2018
Finance | By Loren Pratt

Recent Insiders Bustle: Sinclair Broadcast Group, Inc. (SBGI), Xilinx, Inc. (XLNX)

Recent Insiders Bustle: Sinclair Broadcast Group, Inc. (SBGI), Xilinx, Inc. (XLNX)

(NASDAQ:SBGI) earnings have risen with a quarterly rate of 29% over the last 5 years.

Since August 20, 2017, it had 0 buys, and 4 insider sales for $303,257 activity. Monness Crespi & Hardt maintained the stock with "Buy" rating in Tuesday, October 20 report. (NASDAQ:SBGI). Ngam Advsrs Ltd Partnership has invested 0.01% in Sinclair Broadcast Group, Inc. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by ($0.13). The company had revenue of $670.90 million for the quarter, compared to the consensus estimate of $671.42 million. The SI to Sinclair Broadcast Group Class A's float is 23.12%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. (NASDAQ:SBGI). Oppenheimer Asset Mngmt reported 8,225 shares. Finally, Zacks Investment Research downgraded shares of Sinclair Broadcast Group from a "buy" rating to a "hold" rating in a research report on Saturday, November 4th. Deutsche Bank started coverage on shares of Sinclair Broadcast Group in a research note on Friday, October 20th. Sinclair Broadcast Group presently has a consensus rating of Buy and an average price target of $45.42. Jefferies Group began coverage on Sinclair Broadcast Group in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock of Sinclair Broadcast Group, Inc. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74. The stock carved out a 52-week low down at $26.70. Stockholders of record on Friday, December 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.02%. FBR Capital maintained MPLX LP (NYSE:MPLX) on Thursday, February 2 with "Mkt Perform" rating. Sinclair Broadcast Group's dividend payout ratio is presently 27.07%.

Owning more TV stations would boost Fox's business, particularly if the company consolidated stations in markets - such as Seattle - with football teams that play in the National Football Conference.

LAS VEGAS-With the ATSC 3.0 next-gen TV standards officially set, Sinclair Broadcast Group and Imagine Communications are co-developing an ATSC 3.0 advertising management software platform. First Trust Advisors LP now owns 57,104 shares of the company's stock worth $1,879,000 after buying an additional 8,171 shares during the last quarter. (NASDAQ:SBGI). Prelude Capital Mngmt Ltd Limited Liability Company has invested 0.44% in Sinclair Broadcast Group, Inc. Botty Investors Ltd Co owns 0.18% invested in Regal Entertainment Group (NYSE:RGC) for 35,920 shares.


BidaskClub upgraded shares of Sinclair Broadcast Group (NASDAQ:SBGI) from a hold rating to a buy rating in a research note issued to investors on Thursday, December 14th. Bancorpsouth Inc. now owns 10,623 shares of the company's stock worth $349,000 after purchasing an additional 1,091 shares in the last quarter. The legal version of this piece can be viewed at https://weekherald.com/2018/01/10/bidaskclub-upgrades-sinclair-broadcast-group-sbgi-to-buy.html. "(SBGI) Expected to Announce Quarterly Sales of $734.67 Million" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was illegally copied and republished in violation of worldwide copyright law.

According to Financial Times, the company was in final stage of negotiations to buy about 10 local television stations. Starting with the U.S. TV industry, the company will gradually expand its platform to India, the country that pursues the ATSC 3.0-based next-generation broadcasting.

Sinclair Broadcast Group, Inc. operates as a television broadcasting firm in the United States.

"The renewals reflect the value of the symbiotic relationship between ABC's programming and the local news and syndicated content we provide", Barry Faber, Sinclair's executive vice president for distribution and network relations, said in the announcement.

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