Kingsway Financial Services Inc. (KFS)’s CFO and EVP William Hickey Bought 378 Shares of the Company; Sinclair Broadcast Group (SBGI)’s Sentiment Is 0.97

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Logo

Sinclair Broadcast Group Inc (SBGI) investors sentiment decreased to 0.97 in 2017 Q4. It’s down -0.26, from 1.23 in 2017Q3. The ratio dropped, as 101 institutional investors opened new or increased stock positions, while 104 trimmed and sold holdings in Sinclair Broadcast Group Inc. The institutional investors in our database now hold: 84.77 million shares, up from 83.23 million shares in 2017Q3. Also, the number of institutional investors holding Sinclair Broadcast Group Inc in top ten stock positions increased from 11 to 12 for an increase of 1. Sold All: 31 Reduced: 73 Increased: 60 New Position: 41.

Sinclair Broadcast Group, Inc. operates as a television broadcasting firm in the United States. The company has market cap of $2.87 billion. It owns or provides various programming, operating, or sales services to television stations. It has a 4.91 P/E ratio. The firm 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 various local television stations.

The stock decreased 0.97% or $0.275 during the last trading session, reaching $28.075. About 1.37 million shares traded or 3.78% up from the average. Sinclair Broadcast Group, Inc. (SBGI) has declined 20.99% since May 1, 2017 and is downtrending. It has underperformed by 32.54% the S&P500.

Ratings analysis reveals 100% of Sinclair Broadcast’s analysts are positive. Out of 2 Wall Street analysts rating Sinclair Broadcast, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $36.0 while the high is $47.0. The stock’s average target of $41.50 is 47.82% above today’s ($28.075) share price. SBGI was included in 2 notes of analysts from September 27, 2016. Wedbush maintained the stock with “Outperform” rating in Tuesday, September 27 report. The firm earned “Outperform” rating on Thursday, February 23 by RBC Capital Markets.

Hg Vora Capital Management Llc holds 25.02% of its portfolio in Sinclair Broadcast Group, Inc. for 6.30 million shares. Beach Point Capital Management Lp owns 941,214 shares or 8.53% of their US portfolio. Moreover, Goodnow Investment Group Llc has 8.24% invested in the company for 1.19 million shares. The Massachusetts-based Three Bays Capital Lp has invested 7.23% in the stock. Raging Capital Management Llc, a New Jersey-based fund reported 1.12 million shares.

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on May, 9 before the open. They expect $0.73 earnings per share, up 128.13% or $0.41 from last year’s $0.32 per share. SBGI’s profit will be $74.60 million for 9.61 P/E if the $0.73 EPS becomes a reality. After $1.67 actual earnings per share reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts -56.29% negative EPS growth.

Since December 12, 2017, it had 37 buys, and 1 sale for $164,970 activity. Hickey William August Jr also bought $1,492 worth of Kingsway Financial Services Inc. (NYSE:KFS) on Friday, January 12. Shares for $1,661 were bought by Fitzgerald John Taylor Maloney on Friday, January 12. BAQAR HASSAN had bought 260 shares worth $999 on Friday, April 13. $2,087 worth of stock was bought by SWETS LARRY G JR on Friday, December 15. Hannon Gregory Paul had bought 30,000 shares worth $151,500. On Tuesday, December 19 STILWELL JOSEPH bought $13,463 worth of Kingsway Financial Services Inc. (NYSE:KFS) or 2,500 shares. $151,500 worth of Kingsway Financial Services Inc. (NYSE:KFS) was bought by Kavanagh Terence Michael.

Investors sentiment increased to 3.5 in Q4 2017. Its up 2.17, from 1.33 in 2017Q3. It increased, as 0 investors sold Kingsway Financial Services Inc. shares while 2 reduced holdings. 3 funds opened positions while 4 raised stakes. 1.56 million shares or 124.36% more from 696,960 shares in 2017Q3 were reported. Jpmorgan Chase & Communication invested 0% in Kingsway Financial Services Inc. (NYSE:KFS). Morgan Stanley invested in 400 shares. Gluskin Sheff And Assocs, Ontario – Canada-based fund reported 200,000 shares. Raymond James Financial Advsr Inc reported 12,400 shares stake. Moreover, Deutsche Bancorporation Ag has 0% invested in Kingsway Financial Services Inc. (NYSE:KFS) for 45,025 shares. Zeke Capital Advsr Limited Liability reported 38,500 shares. Tower Research Cap Limited Liability Company (Trc) reported 600 shares or 0% of all its holdings. Renaissance Techs Ltd Co reported 303,000 shares stake. Bank & Trust Of Montreal Can stated it has 0% of its portfolio in Kingsway Financial Services Inc. (NYSE:KFS). Stifel has 43,000 shares. Two Sigma Securities Ltd Liability Com, a New York-based fund reported 10,485 shares. Royal Fincl Bank Of Canada stated it has 0% of its portfolio in Kingsway Financial Services Inc. (NYSE:KFS). Css Lc Il reported 43,751 shares stake. 65,038 are owned by Bradley Foster & Sargent Inc Ct. Virtu Financial Limited Liability Corp invested in 0% or 17,650 shares.

The stock decreased 0.25% or $0.01 during the last trading session, reaching $3.95. About 912 shares traded. Kingsway Financial Services Inc. (NYSE:KFS) has declined 37.07% since May 1, 2017 and is downtrending. It has underperformed by 48.62% the S&P500.

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