Advisors Asset Management Inc. Purchases 12,742 Shares of Sinclair, Inc. $SBGI

Advisors Asset Management Inc. raised its position in Sinclair, Inc. (NASDAQ:SBGI) by 8.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 171,778 shares of the company’s stock after purchasing an additional 12,742 shares during the period. Advisors Asset Management Inc.’s holdings in Sinclair were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SBGI. Ameritas Investment Partners Inc. boosted its position in shares of Sinclair by 26.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock valued at $55,000 after acquiring an additional 820 shares during the period. State of Wyoming bought a new position in Sinclair during the first quarter worth about $119,000. AlphaQuest LLC raised its stake in Sinclair by 720.1% in the 1st quarter. AlphaQuest LLC now owns 8,324 shares of the company’s stock worth $133,000 after purchasing an additional 7,309 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in Sinclair by 31.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,749 shares of the company’s stock worth $121,000 after purchasing an additional 2,085 shares in the last quarter. Finally, Corsair Capital Management L.P. bought a new stake in Sinclair in the 1st quarter valued at about $164,000. Institutional investors own 41.71% of the company’s stock.

Sinclair Trading Down 0.2%

NASDAQ SBGI opened at $15.77 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 19.00 and a beta of 1.30. Sinclair, Inc. has a twelve month low of $11.89 and a twelve month high of $18.45. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 13.93. The business’s fifty day moving average is $14.56 and its 200 day moving average is $14.29.

Sinclair (NASDAQ:SBGI) last posted its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.63. Sinclair had a return on equity of 12.51% and a net margin of 1.44%.The firm had revenue of $773.00 million during the quarter, compared to the consensus estimate of $766.78 million. During the same period last year, the company earned $1.43 earnings per share. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Sinclair has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Sinclair, Inc. will post 4.24 EPS for the current fiscal year.

Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 1st. This represents a $1.00 annualized dividend and a yield of 6.3%. Sinclair’s dividend payout ratio (DPR) is currently -161.29%.

Wall Street Analyst Weigh In

SBGI has been the topic of a number of analyst reports. Zacks Research upgraded shares of Sinclair from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Wells Fargo & Company reduced their price target on Sinclair from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 7th. Benchmark lowered their price objective on Sinclair from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Weiss Ratings upgraded Sinclair from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Guggenheim increased their target price on Sinclair from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sinclair currently has a consensus rating of “Hold” and an average target price of $19.00.

About Sinclair

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.