Sinclair to Raise $1.5 Billion From Station Divestitures

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The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.31.

The FCC required Sinclair to divest of stations in markets where it already owns one or more television stations. The company had a trading volume of 239,489 shares, compared to its average volume of 928,441. The ratio is negative due to Sinclair Broadcast Group, Inc. positioning: 31 sold and 73 reduced. (NASDAQ:SBGI). Jane Street Grp Ltd accumulated 15,712 shs. It has underperformed by 32.54% the S&P500.

Another two news for Sinclair Broadcast Group, Inc. The company provides Antenna TV, THIS TV, radio station, music and video content and technologies. The company has a market cap of $3.19 billion, a P/E ratio of 25.86, a P/E/G ratio of 8.70 and a beta of 1.33. About 7,815 shares traded. Enstar Group Limited (NASDAQ:ESGR) has risen 13.09% since May 9, 2017 and is uptrending.

Investors sentiment decreased to 1.13 in Q4 2017. It has change of 0.26, from 2017Q3's 1.23. Prudential owns 16,313 shares. The Germany-based Deutsche Bank Ag has invested 0% in the stock. 121,050 were accumulated by Swiss Bancorp. 50 were reported by First Manhattan Co.

China vice premier to visit U.S. for trade talks
US officials traveled to Beijing last week for talks on resolving the dispute between the world's two biggest economies. Consequently, the trade surplus totalled USD28.8 billion in April, above the expected level of USD27.75 billion.

Sinclair Broadcast Group, Inc. Denali Advisors Llc holds 0% or 20 shares in its portfolio. Blackrock Inc. owns 15,074 shares or 0% of their USA portfolio. Schwab Charles Investment Management Inc. grew its stake in shares of Tribune Media by 8.3% in the fourth quarter.

While Compton would have obvious value to Sinclair as a lure to Hannity, his presence at Fox News has an equally clear appeal, as someone who would help ensure that conservative media's biggest star stays happy and in the fold.

Sinclair's quarterly results were decidedly mixed. During the same period in the previous year, the firm earned $0.85 EPS. equities research analysts forecast that Tribune Media will post 2.1 earnings per share for the current fiscal year. Therefore 100% are positive. The stock has "Outperform" rating by Wedbush on Thursday, February 23. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, September 26.

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