Fox in Talks to Buy 10 TV Stations From Sinclair


(NASDAQ:SBGI) has risen 12.28% since January 9, 2017 and is uptrending. Finally, Zacks Investment Research downgraded shares of Sinclair Broadcast Group from a "buy" rating to a "hold" rating in a research report on Saturday, November 4th.

Since July 31, 2017, it had 0 insider purchases, and 14 insider sales for $88.93 million activity. Washington Prime Group Inc. earnings have declined with an annualized rate of -24.9% over the last 5 years. The firm is expected to report its next earnings results on Wednesday, February 28th. That value represents a market adjusting for revenues that have been falling by -3.31 % on a quarterly year/year basis as of the company's last quarterly report. For the next fiscal year, analysts forecast that the firm will post sales of $3.06 billion per share, with estimates ranging from $3.02 billion to $3.10 billion. Deutsche Bank started coverage on shares of Sinclair Broadcast Group in a research note on Friday, October 20th.

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Sinclair Broadcast Group Class A (NASDAQ:SBGI) had an increase of 5.89% in short interest. Hilton Capital Limited Liability Company reported 7,785 shares or 0.05% of all its holdings. The business had revenue of $670.90 million during the quarter, compared to the consensus estimate of $671.42 million. Pacad Investment Limited reported 0.03% in Sinclair Broadcast Group, Inc. During the same quarter in the previous year, the business earned $0.54 EPS. (NASDAQ SBGI) opened at $34.70 on Tuesday. Ameriprise Financial reissued a "buy" rating and set a $45.00 target price (up previously from $43.00) on shares of Sinclair Broadcast Group in a research report on Friday, November 3rd.

Several research analysts have recently issued reports on SBGI shares. James Research owns 0.06% invested in Sinclair Broadcast Group, Inc. The company now has an average rating of "Buy" and a consensus price target of $45.42. Finally, FBR & Co initiated coverage on shares of Sinclair Broadcast Group in a research note on Tuesday, October 31st. There are brokerage firms with lower targets than the average, including one setting a price target of $43. The stock increased 0.18% or $0.04 during the last trading session, reaching $22.91. The stock now has a consensus rating of "Buy" and a consensus price target of $45.42. With 1.26 million avg volume, 12 days are for Sinclair Broadcast Group Class A (NASDAQ:SBGI)'s short sellers to cover SBGI's short positions. (SBGI) now trades with a market capitalization of $3.56 Billion. The company has a market cap of $3,620.00, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.93. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Stockholders of record on Friday, December 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 30th. Federated Pa reported 0.04% in Sinclair Broadcast Group, Inc.

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Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,170 shares of the company's stock worth $104,000 after buying an additional 273 shares during the period. FNY Managed Accounts LLC purchased a new position in Sinclair Broadcast Group during the third quarter worth about $153,000. (NASDAQ:SBGI). Ngam Advsrs Ltd Partnership has invested 0.01% in Sinclair Broadcast Group, Inc. The stock of Sinclair Broadcast Group, Inc. The firm owned $16.99 million shares of the company's stock after selling 1.25 million shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sinclair Broadcast Group by 9.4% during the second quarter. If you are viewing this piece on another publication, it was illegally copied and republished in violation of global copyright law.

General American Investors Company Inc increased its stake in Regal Entertainment Group (RGC) by 30.49% based on its latest 2017Q3 regulatory filing with the SEC. The Company focuses on providing content on its local television stations and digital platforms.

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The president said his position on the border wall will "never change", but on DACA, we "want to see something". State courts and state legislatures are responsible for codifying protections against libel and defamation .

Some insiders have speculated that Fox might be on the prowl for TV stations owned by other companies in NFL football markets where Fox now lacks a station. Fox has the rights to broadcast those games, and TV stations that air NFL football games are among the most profitable broadcast properties around.

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