Thrivent Financial for Lutherans Has $531,000 Stock Holdings in Sinclair, Inc. (NASDAQ:SBGI)

Thrivent Financial for Lutherans reduced its position in shares of Sinclair, Inc. (NASDAQ:SBGI) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,876 shares of the company’s stock after selling 1,704 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Sinclair worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in Sinclair by 28.0% during the 2nd quarter. Hsbc Holdings PLC now owns 13,325 shares of the company’s stock worth $177,000 after acquiring an additional 2,918 shares during the last quarter. Williams Financial LLC acquired a new position in shares of Sinclair during the second quarter worth $217,000. Inspire Advisors LLC bought a new stake in shares of Sinclair in the second quarter worth $1,552,000. Envestnet Asset Management Inc. increased its holdings in Sinclair by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 139,702 shares of the company’s stock valued at $1,862,000 after purchasing an additional 14,605 shares during the period. Finally, American Century Companies Inc. raised its position in Sinclair by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 52,536 shares of the company’s stock worth $700,000 after purchasing an additional 7,125 shares during the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SBGI shares. Rosenblatt Securities upped 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. StockNews.com raised Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Benchmark increased their target price on shares of Sinclair from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.88.

Sinclair Stock Performance

Shares of Sinclair stock opened at $16.26 on Wednesday. The business has a 50-day moving average price of $13.98 and a two-hundred day moving average price of $13.43. Sinclair, Inc. has a 1-year low of $9.39 and a 1-year high of $17.58. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 14.93. The company has a market cap of $1.08 billion, a P/E ratio of -2.28, a PEG ratio of 0.13 and a beta of 1.55.

Sinclair (NASDAQ:SBGI) last released its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.40. Sinclair had a positive return on equity of 22.55% and a negative net margin of 10.78%. The business had revenue of $829.00 million during the quarter, compared to analysts’ expectations of $836.65 million. During the same quarter last year, the firm posted ($1.09) earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Sinclair, Inc. will post 4.57 EPS for the current year.

Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 6.15%. Sinclair’s dividend payout ratio is currently -14.04%.

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.