Sinclair (NASDAQ:SBGI) Shares Down 3.3% – Time to Sell?

Sinclair, Inc. (NASDAQ:SBGI)’s share price fell 3.3% during trading on Monday . The company traded as low as $15.16 and last traded at $15.13. 54,452 shares changed hands during trading, a decline of 88% from the average session volume of 437,564 shares. The stock had previously closed at $15.65.

Analysts Set New Price Targets

SBGI has been the subject of several analyst reports. Wall Street Zen raised shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sinclair in a report on Wednesday. Guggenheim raised their target price on shares of Sinclair from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Zacks Research upgraded shares of Sinclair from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Benchmark lowered their price objective on shares of Sinclair from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.00.

Sinclair Stock Up 1.4%

The firm has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $14.26. The company has a market capitalization of $1.11 billion, a PE ratio of 19.13 and a beta of 1.30. The company has a debt-to-equity ratio of 13.93, a quick ratio of 1.89 and a current ratio of 1.89.

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

Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, December 1st. Sinclair’s dividend payout ratio is -161.29%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Sinclair by 142.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock valued at $25,000 after acquiring an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Sinclair by 175.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock worth $41,000 after purchasing an additional 1,882 shares during the period. Aquatic Capital Management LLC bought a new stake in Sinclair during the third quarter valued at $48,000. Raymond James Financial Inc. acquired a new stake in shares of Sinclair during the second quarter worth $54,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Sinclair by 26.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,945 shares of the company’s stock worth $55,000 after buying an additional 820 shares during the last quarter. Institutional investors own 41.71% of the company’s stock.

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.