Sinclair to Raise $1.5 Billion From Station Divestitures

Friday, 11 May, 2018

The share price has already crossed its 20 days moving average, floating at a distance of 2.43% and sits 4.74% higher versus its 50 days moving average. WesBanco, Inc. (NASDAQ:WSBC) has risen 17.05% since May 10, 2017 and is uptrending.

Big Money Sentiment decreased to 0.97 in 2017 Q4.

The stock increased 1.80% or $0.06 during the last trading session, reaching $3.39. Massmutual Tru Fsb Adv holds 0.08% in Sinclair Broadcast Group, Inc. The investment managers in our database now hold: 709,870 shares, up from 654,064 shares in 2017Q3. Price T Rowe Associate Md reported 0% of its capital in Sinclair Broadcast Group, Inc. Most of Sinclair's stations are CNN affiliates. (NASDAQ:SBGI). Bluefin Trading Ltd Liability Company owns 0.04% invested in Sinclair Broadcast Group, Inc.'s article titled: "Enstar Group Limited Reports First Quarter 2018 Results" and published on May 08, 2018 is yet another important article.

It closed at $29.85 lastly. (NASDAQ:SBGI) has declined 20.99% since May 9, 2017 and is downtrending.

NASDAQ:SBGI - Sinclair Broadcast Group (NASDAQ:SBGI) pays an annual dividend of $0.72 with a yield of 2.48%. Prudential owns 16,313 shares.

In earnings news, Disney shed 1.79 per cent after reporting a 23 per cent jump in second-quarter profits to US$2.9 billion, boosted in part by the success of the "Black Panther" movie. The Germany-based Deutsche Bank Ag has invested 0% in the stock.

On 10/2/2017 Howard E Friedman, Director, sold 1,010 with an average share price of $31.98 per share and the total transaction amounting to $32,299.80.

Institutional Ownership/ Insider Ownership: Sinclair Broadcast Group, Inc. institutional ownership is held at 0% while insider ownership was 0.9%. The company shares sank -25.65% from their peak of $40.15 and now has a $3.05 billion market value of equity. It has a 5.22 P/E ratio. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. The positive are 100%. Federated Investors Inc. PA increased its position in shares of Sinclair Broadcast Group by 1.5% during the first quarter. $47's average target is 57.45% above currents $29.85 stock price. The stock's price to sales ratio for trailing twelve months is 1.12 and price to book ratio for the most recent quarter is 1.94, whereas price to cash per share for the most recent quarter are 4.48. (NASDAQ:SBGI) for 19,774 shares.

RIPLEY added, "After a very robust divestiture process, with strong interest from many parties, we have achieved healthy multiples on the stations being divested". Analysts at B. Riley FBR, Inc.

Among 6 analysts covering KNOT Offshore Partners (NYSE:KNOP), 2 have Buy rating, 0 Sell and 4 Hold. The rating was downgraded by Boenning & Scattergood on Thursday, April 21 to "Neutral". RBC Capital Markets maintained it with "Buy" rating and $4300 target in Thursday, August 3 report. The firm earned "Outperform" rating on Monday, February 22 by RBC Capital Markets. Keefe Bruyette & Woods maintained WesBanco, Inc. The firm has "Buy" rating by RBC Capital Markets given on Tuesday, September 26. RBC Capital Markets has "Buy" rating and $43.0 target. Stocks News Times (SNT) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.