Gamco Investors INC. ET AL raised its stake in shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 242,320 shares of the company’s stock after buying an additional 3,570 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sinclair Broadcast Group were worth $9,172,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SBGI. Bank of New York Mellon Corp boosted its position in shares of Sinclair Broadcast Group by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,883,606 shares of the company’s stock valued at $252,669,000 after acquiring an additional 132,422 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sinclair Broadcast Group by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,620,686 shares of the company’s stock valued at $217,820,000 after acquiring an additional 520,001 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Sinclair Broadcast Group by 15.0% during the 3rd quarter. Principal Financial Group Inc. now owns 4,729,416 shares of the company’s stock valued at $151,576,000 after acquiring an additional 616,122 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sinclair Broadcast Group by 7.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,078,562 shares of the company’s stock valued at $66,615,000 after acquiring an additional 140,286 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Sinclair Broadcast Group by 10.8% during the 2nd quarter. State Street Corp now owns 1,458,278 shares of the company’s stock valued at $47,971,000 after acquiring an additional 141,870 shares during the last quarter. 84.69% of the stock is owned by institutional investors and hedge funds.

SBGI has been the subject of a number of research analyst reports. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. FBR & Co initiated coverage on Sinclair Broadcast Group in a research report on Tuesday, October 31st. They set a “buy” rating and a $43.00 price target for the company. Deutsche Bank initiated coverage on Sinclair Broadcast Group in a research report on Friday, October 20th. They set a “buy” rating and a $46.00 price target for the company. Finally, B. Riley lifted their price target on Sinclair Broadcast Group from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.33.

Shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) opened at $34.65 on Friday. The firm has a market capitalization of $3,621.98, a P/E ratio of 13.03, a P/E/G ratio of 1.95 and a beta of 1.80. Sinclair Broadcast Group Inc has a 12-month low of $26.70 and a 12-month high of $43.05. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.74 and a quick ratio of 1.74.

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About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.

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Institutional Ownership by Quarter for Sinclair Broadcast Group (NASDAQ:SBGI)

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