Omega Advisors INC Increases Position in Sinclair Broadcast Group INC (SBGI)

October 2, 2018 - By Winifred Garcia

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) LogoInvestors sentiment increased to 1.1 in Q2 2018. Its up 0.43, from 0.67 in 2018Q1. It increased, as 27 investors sold SBGI shares while 56 reduced holdings. 35 funds opened positions while 56 raised stakes. 75.22 million shares or 8.42% less from 82.13 million shares in 2018Q1 were reported. 115,196 were reported by First Trust Advisors L P. California Public Employees Retirement Sys owns 226,377 shares or 0.01% of their US portfolio. Fmr Ltd Llc holds 3.05 million shares. Geode Cap Ltd Liability Company reported 0.01% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Us Natl Bank De owns 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 38,107 shares. Ellington Grp Limited Liability Corp, a Connecticut-based fund reported 6,338 shares. Omega Advsrs invested in 2.96% or 2.65M shares. Citigroup holds 0.01% or 492,716 shares. Moneta Gru Invest Advsrs Ltd Company stated it has 3,113 shares or 0% of all its holdings. Savings Bank Of America De has invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Moreover, Ameriprise has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 25,483 shares. State Of New Jersey Common Pension Fund D accumulated 0.01% or 115,000 shares. James Research Inc holds 0.09% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 69,345 shares. Moreover, Northwestern Mutual Wealth Mgmt Co has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 150 shares. Captrust Financial Advsrs reported 0% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI).

Since June 14, 2018, it had 0 buys, and 1 sale for $64,518 activity.

Omega Advisors Inc increased its stake in Sinclair Broadcast Group Inc (SBGI) by 39.76% based on its latest 2018Q2 regulatory filing with the SEC. Omega Advisors Inc bought 752,679 shares as the company’s stock declined 12.38% while stock markets rallied. The hedge fund held 2.65M shares of the consumer services company at the end of 2018Q2, valued at $85.06M, up from 1.89 million at the end of the previous reported quarter. Omega Advisors Inc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $2.87 billion market cap company. The stock decreased 1.16% or $0.33 during the last trading session, reaching $28.02. About 1.23M shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 2.61% since October 2, 2017 and is downtrending. It has underperformed by 18.23% the S&P500.

Omega Advisors Inc, which manages about $12.65B and $2.87B US Long portfolio, decreased its stake in Valvoline Inc by 345,300 shares to 1.73 million shares, valued at $37.27M in 2018Q2, according to the filing. It also reduced its holding in Ally Financial Inc (NYSE:ALLY) by 167,680 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Shire Plc (NASDAQ:SHPG).

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Globenewswire.com which released: “CLASS ACTION UPDATE for TSLA, AMPE and SBGI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on …” on September 27, 2018, also Nasdaq.com with their article: “New Research: Key Drivers of Growth for Eaton Corporation, CBS, Och-Ziff Capital Management Group, Barrick Gold …” published on September 27, 2018, Businesswire.com published: “SBGI LOSS NOTICE: Rosen Law Firm Reminds Sinclair Broadcast Group, Inc. Investors of Important Deadline in Class …” on September 20, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: Bizjournals.com and their article: “Sinclair Broadcast Group’s sports platform to air Cayman Islands Classic” published on October 01, 2018 as well as Globenewswire.com‘s news article titled: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TSLA, PDD, ORCL, LOGM, NLSN …” with publication date: September 20, 2018.

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

Among 3 analysts covering Sinclair Broadcast Group (NASDAQ:SBGI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Sinclair Broadcast Group had 4 analyst reports since July 17, 2018 according to SRatingsIntel. The firm has “Neutral” rating by FBR Capital given on Thursday, September 6. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 10 report. FBR Capital maintained it with “Buy” rating and $36 target in Tuesday, July 17 report.

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

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