As Delek Us Holdings (DK) Share Price Rose, Ion Asset Management LTD Has Lowered Its Holding by $1.60 Million; Brigade Capital Management LP Has Boosted Its Sinclair Broadcast Group (SBGI) Holding by $5.04 Million

August 12, 2018 - By Victoria Pittman

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

Brigade Capital Management Lp increased its stake in Sinclair Broadcast Group Inc (SBGI) by 27.08% based on its latest 2018Q1 regulatory filing with the SEC. Brigade Capital Management Lp bought 162,500 shares as the company’s stock declined 21.28% with the market. The hedge fund held 762,500 shares of the consumer services company at the end of 2018Q1, valued at $23.87 million, up from 600,000 at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $2.85 billion market cap company. The stock increased 0.36% or $0.1 during the last trading session, reaching $27.9. About 2.64 million shares traded or 47.10% up from the average. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 13.49% since August 12, 2017 and is downtrending. It has underperformed by 26.06% the S&P500. Some Historical SBGI News: 09/05/2018 – Matthew Keys: #BREAKING: Fox Television has announced it will purchase 7 stations from Sinclair once Tribune deal goes through; 02/04/2018 – Sinclair Responds To Unfounded Media Criticism; 09/05/2018 – SINCLAIR- DIVESTED STATIONS SALE ALSO INCLUDES ANOTHER ABOUT $100 MLN IN RETAINED WORKING CAPITAL THAT WILL CONVERT TO CASH OVER 90-120 DAYS POST CLOSE; 26/03/2018 – SINCLAIR TO REGAIN US DISTRIBUTION FOR SILHOUETTE INSTALIFT; 09/05/2018 – Sinclair Establishes A Direct North American Commercial Presence To Market And Distribute Silhouette lnstaLift® In The United States; 09/05/2018 – 21st Century Fox in New Network Affiliation Agreements With Sinclair; 15/05/2018 – Clearbridge Investments LLC Exits Sinclair Broadcast; 16/05/2018 – Sinclair Research Appoints Mark Lane as Director of Business Development; 05/03/2018 Tribune/Sinclair divest bids set for this week – sources [21:28 GMT05 Mar 2018] [Proprietary] []; 09/05/2018 – 21st Century Fox to Acquire Seven Stations from Sinclair Broadcast Group

Ion Asset Management Ltd decreased its stake in Delek Us Holdings (DK) by 3.37% based on its latest 2018Q1 regulatory filing with the SEC. Ion Asset Management Ltd sold 40,122 shares as the company’s stock rose 53.04% while stock markets declined. The hedge fund held 1.15M shares of the energy company at the end of 2018Q1, valued at $46.76 million, down from 1.19 million at the end of the previous reported quarter. Ion Asset Management Ltd who had been investing in Delek Us Holdings for a number of months, seems to be less bullish one the $4.36B market cap company. The stock decreased 0.97% or $0.51 during the last trading session, reaching $51.95. About 1.07 million shares traded. Delek US Holdings, Inc. (NYSE:DK) has risen 105.61% since August 12, 2017 and is uptrending. It has outperformed by 93.04% the S&P500. Some Historical DK News: 14/03/2018 – Delek Logistics Partners, LP 2017 K-1 Tax Packages Available on Website; 31/05/2018 – DELEK GROUP LTD DLEKG.TA – WILL CONTINUE TO DIVEST NON-CORE ASSETS AS CO FOCUSES ON EXPANDING ENERGY BUSINESS IN ISRAEL AND ABROAD; 19/03/2018 – DELEK US HOLDINGS INC DK.N : DEUTSCHE BANK RAISES TARGET PRICE TO $46 FROM $43; 08/05/2018 – DELEK US HOLDINGS STARTS 1Q EARNINGS CALL; 04/04/2018 – DNO Pays GBP70.4 Mln for Delek Group’s Stake in Faroe Petroleum; 08/05/2018 – DELEK CEO EZRA UZI YEMIN SPEAKS IN 1Q CONFERENCE CALL; 14/05/2018 – Delek US Holdings to Participate in the Citi 2018 Global Energy & Utilities Conference; 19/03/2018 – Delek US Announces Sale of Paramount, CA Assets, including the Alt Air Renewable Fuels Facility; 08/05/2018 – DELEK US HOLDINGS INC DK.N : RBC RAISES TARGET PRICE TO $55 FROM $49; 08/05/2018 – DELEK SEES MORE M&A POTENTIAL IN MIDSTREAM: YEMIN

Investors sentiment increased to 1 in 2018 Q1. Its up 1.00, from 0 in 2017Q4. It increased, as 0 investors sold DK shares while 1 reduced holdings. 1 funds opened positions while 0 raised stakes. 1.15 million shares or 2.91% less from 1.19 million shares in 2017Q4 were reported. Cayman Islands-based Ion Asset Ltd has invested 12.63% in Delek US Holdings, Inc. (NYSE:DK). Eqis Capital Mngmt Incorporated holds 5,545 shares.

Among 21 analysts covering Delek US Holdings (NYSE:DK), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Delek US Holdings had 82 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital downgraded it to “Equal-Weight” rating and $15 target in Wednesday, July 13 report. RBC Capital Markets maintained the shares of DK in report on Wednesday, December 20 with “Buy” rating. The rating was upgraded by Wells Fargo on Wednesday, October 7 to “Outperform”. The firm has “Outperform” rating given on Friday, July 24 by Macquarie Research. Piper Jaffray maintained Delek US Holdings, Inc. (NYSE:DK) rating on Friday, September 16. Piper Jaffray has “Neutral” rating and $14 target. Bank of America upgraded it to “Neutral” rating and $31 target in Thursday, January 5 report. The stock of Delek US Holdings, Inc. (NYSE:DK) earned “Outperform” rating by Wells Fargo on Tuesday, November 14. The rating was downgraded by JP Morgan on Monday, July 11 to “Neutral”. The stock of Delek US Holdings, Inc. (NYSE:DK) has “Overweight” rating given on Monday, October 12 by Barclays Capital. Cowen & Co maintained Delek US Holdings, Inc. (NYSE:DK) on Wednesday, August 16 with “Buy” rating.

More recent Delek US Holdings, Inc. (NYSE:DK) news were published by: Globenewswire.com which released: “Delek US Holdings Reports Second Quarter 2018 Results” on August 07, 2018. Also Seekingalpha.com published the news titled: “Delek US Holdings Inc. (DK) CEO Uzi Yemin on Q2 2018 Results – Earnings Call Transcript” on August 08, 2018. Streetinsider.com‘s news article titled: “Delek US Holdings (DK) Misses Q2 EPS by 14c, Revenues Beat” with publication date: August 07, 2018 was also an interesting one.

Since June 14, 2018, it had 0 buys, and 1 insider sale for $64,518 activity.

Among 9 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Sinclair Broadcast Group Inc had 27 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, January 29 by Wedbush. The firm earned “Buy” rating on Wednesday, July 5 by RBC Capital Markets. The rating was upgraded by Stephens on Thursday, November 3 to “Overweight”. The rating was maintained by FBR Capital with “Buy” on Wednesday, February 28. The rating was maintained by Stephens on Tuesday, January 16 with “Buy”. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has “Buy” rating given on Thursday, November 5 by Benchmark. Stephens maintained the shares of SBGI in report on Friday, June 2 with “Buy” rating. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Buy” rating by Deutsche Bank on Friday, October 20. The rating was initiated by Stephens on Wednesday, November 18 with “Equal-Weight”. The company was maintained on Thursday, February 23 by RBC Capital Markets.

Investors sentiment decreased to 0.67 in Q1 2018. Its down 0.30, from 0.97 in 2017Q4. It fall, as 36 investors sold SBGI shares while 78 reduced holdings. 32 funds opened positions while 44 raised stakes. 82.13 million shares or 3.12% less from 84.77 million shares in 2017Q4 were reported. 15,100 were accumulated by Bridgeway Cap Mngmt Inc. 26,909 are held by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management. Huntington Bank & Trust invested in 0% or 500 shares. Koch Industries has invested 0.04% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Arrowgrass Prns (Us) Limited Partnership owns 0.05% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 44,302 shares. Element Cap Mngmt Ltd Company owns 11,816 shares or 0.01% of their US portfolio. Voya Inv Mngmt Limited Liability invested in 0% or 31,750 shares. Campbell & Communication Adviser Llc accumulated 8,886 shares. 3.49 million are owned by Three Bays Cap Limited Partnership. Steinberg Asset Ltd Liability owns 8,380 shares. Ftb Incorporated accumulated 531 shares. Proshare Limited Liability Corporation holds 0% or 9,564 shares in its portfolio. Deutsche Bancorp Ag holds 0.01% or 366,716 shares. Sei Investments Company, a Pennsylvania-based fund reported 179,276 shares. 1832 Asset Mgmt LP invested in 0% or 150 shares.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Nasdaq.com which released: “Saxena White PA Files Securities Fraud Class Action Against Sinclair Broadcast Group, Inc.” on August 09, 2018, also Bizjournals.com with their article: “Donerail Group in talks to buy Tronc” published on August 10, 2018, Globenewswire.com published: “CLASS ACTION UPDATE for HAIR and SBGI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of …” on August 10, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: Seekingalpha.com and their article: “TRCO +2.4% as it seeks $1B in Sinclair suit; SBGI -4.2%” published on August 09, 2018 as well as Globenewswire.com‘s news article titled: “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Sinclair Broadcast Group, Inc …” with publication date: August 11, 2018.

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

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