Barclays PLC Grows Position in Sinclair, Inc. (NASDAQ:SBGI)

Barclays PLC boosted its holdings in Sinclair, Inc. (NASDAQ:SBGI) by 378.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,229 shares of the company’s stock after acquiring an additional 42,887 shares during the quarter. Barclays PLC owned about 0.08% of Sinclair worth $831,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SBGI. GAMMA Investing LLC increased its position in shares of Sinclair by 81.6% in the third quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock valued at $35,000 after buying an additional 1,026 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Sinclair in the third quarter valued at $39,000. nVerses Capital LLC increased its position in shares of Sinclair by 71.4% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $55,000 after buying an additional 1,500 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Sinclair in the third quarter valued at $91,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sinclair in the third quarter valued at $121,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Sinclair Trading Up 0.4 %

Sinclair stock opened at $15.64 on Thursday. The stock has a 50-day moving average price of $16.76 and a 200 day moving average price of $15.47. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. Sinclair, Inc. has a 52 week low of $11.13 and a 52 week high of $18.45. The stock has a market cap of $1.04 billion, a PE ratio of -4.74, a P/E/G ratio of 0.15 and a beta of 1.57.

Sinclair (NASDAQ:SBGI) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.54. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $923.02 million. During the same period last year, the company earned ($0.30) EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Sinclair, Inc. will post 4.24 earnings per share for the current fiscal year.

Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date was Monday, December 2nd. Sinclair’s payout ratio is -30.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SBGI. Rosenblatt Securities raised their price target on Sinclair from $16.40 to $16.50 and gave the company a “neutral” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on Sinclair from $14.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded Sinclair from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $13.00 to $19.00 in a research report on Thursday, November 7th. Guggenheim lifted their price objective on Sinclair from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded Sinclair from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.10.

Sinclair Company Profile

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.