Zurcher Kantonalbank Zurich Cantonalbank Has $111,000 Holdings in Sinclair, Inc. (NASDAQ:SBGI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sinclair, Inc. (NASDAQ:SBGI) by 29.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,330 shares of the company’s stock after acquiring an additional 1,898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sinclair were worth $111,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SBGI. Fidelis Capital Partners LLC bought a new stake in Sinclair during the first quarter worth about $49,000. NBC Securities Inc. lifted its position in Sinclair by 35.1% during the fourth quarter. NBC Securities Inc. now owns 3,845 shares of the company’s stock worth $50,000 after purchasing an additional 1,000 shares during the period. EntryPoint Capital LLC lifted its position in Sinclair by 37.2% during the first quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after purchasing an additional 1,085 shares during the period. Central Pacific Bank Trust Division bought a new stake in Sinclair during the first quarter worth about $76,000. Finally, Russell Investments Group Ltd. bought a new stake in Sinclair during the fourth quarter worth about $117,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Sinclair Trading Down 0.5 %

SBGI opened at $13.05 on Wednesday. Sinclair, Inc. has a twelve month low of $9.39 and a twelve month high of $17.58. The company has a 50-day simple moving average of $13.90 and a 200 day simple moving average of $13.24. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 14.93. The stock has a market capitalization of $866.00 million, a price-to-earnings ratio of -1.83, a P/E/G ratio of 0.11 and a beta of 1.54.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.40. Sinclair had a negative net margin of 10.78% and a positive return on equity of 22.55%. The business had revenue of $829.00 million during the quarter, compared to analysts’ expectations of $836.65 million. During the same quarter in the prior year, the business posted ($1.09) earnings per share. Sinclair’s revenue was up 7.9% compared to the same quarter last year. Analysts predict that Sinclair, Inc. will post 4.57 EPS for the current fiscal year.

Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.66%. Sinclair’s dividend payout ratio (DPR) is currently -14.04%.

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.