Share on StockTwits

Sinclair Broadcast Group (NASDAQ:SBGI) major shareholder Frederick G. Smith unloaded 110,185 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $30.31, for a total value of $3,339,707.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

A number of analysts have recently weighed in on SBGI shares. Analysts at Zacks upgraded shares of Sinclair Broadcast Group from an “underperform” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $28.60 price target on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Sinclair Broadcast Group from $37.00 to $36.00 in a research note on Monday, April 28th. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.77.

Shares of Sinclair Broadcast Group (NASDAQ:SBGI) traded down 2.71% on Thursday, hitting $30.17. 612,961 shares of the company’s stock traded hands. Sinclair Broadcast Group has a 52-week low of $23.28 and a 52-week high of $37.50. The stock’s 50-day moving average is $29.44 and its 200-day moving average is $29.94. The company has a market cap of $2.938 billion and a P/E ratio of 36.44.

Sinclair Broadcast Group (NASDAQ:SBGI) last released its earnings data on Wednesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.05. The company had revenue of $412.65 million for the quarter, compared to the consensus estimate of $403.27 million. During the same quarter last year, the company posted $0.21 earnings per share. Sinclair Broadcast Group’s revenue was up 46.0% compared to the same quarter last year. Analysts expect that Sinclair Broadcast Group will post $1.95 EPS for the current fiscal year.

Sinclair Broadcast Group, Inc is diversified television broadcasting company. The Company owns or provides certain programming, operating or sales services to more television stations.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.