As Sinclair Broadcast Group (SBGI) Valuation Declined, Robertson Opportunity Capital Raised Holding; Zpr Investment Management Has Upped Its Wayside Technology Group (WSTG) Stake by $403,120 as Market Value Declined

April 19, 2018 - By Lawrence Diaz

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

Robertson Opportunity Capital Llc increased its stake in Sinclair Broadcast Group Inc (SBGI) by 55.56% based on its latest 2017Q4 regulatory filing with the SEC. Robertson Opportunity Capital Llc bought 45,000 shares as the company’s stock declined 16.75% with the market. The hedge fund held 126,000 shares of the consumer services company at the end of 2017Q4, valued at $4.77M, up from 81,000 at the end of the previous reported quarter. Robertson Opportunity Capital Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.17B market cap company. The stock increased 5.79% or $1.7 during the last trading session, reaching $31.05. About 624,254 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 20.99% since April 19, 2017 and is downtrending. It has underperformed by 32.54% the S&P500.

Zpr Investment Management increased its stake in Wayside Technology Group Inc (WSTG) by 50.11% based on its latest 2017Q4 regulatory filing with the SEC. Zpr Investment Management bought 25,195 shares as the company’s stock declined 23.13% with the market. The institutional investor held 75,474 shares of the technology company at the end of 2017Q4, valued at $1.26 million, up from 50,279 at the end of the previous reported quarter. Zpr Investment Management who had been investing in Wayside Technology Group Inc for a number of months, seems to be bullish on the $59.70 million market cap company. The stock increased 3.47% or $0.45 during the last trading session, reaching $13.4. About 689 shares traded. Wayside Technology Group, Inc. (NASDAQ:WSTG) has declined 29.71% since April 19, 2017 and is downtrending. It has underperformed by 41.26% the S&P500.

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.15, from 1.44 in 2017Q3. It dropped, as 3 investors sold WSTG shares while 4 reduced holdings. 2 funds opened positions while 7 raised stakes. 1.73 million shares or 7.22% more from 1.61 million shares in 2017Q3 were reported. 48,982 are held by Bank & Trust Of America De. Morgan Stanley invested 0% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG). Tower Capital Llc (Trc) owns 300 shares or 0% of their US portfolio. Northern Corp stated it has 34,339 shares. Archford Cap Strategies Lc owns 30,984 shares. Dimensional Fund Advisors Limited Partnership owns 132,647 shares. Ativo Mgmt Lc reported 74,023 shares. Fmr Ltd reported 269,229 shares or 0% of all its holdings. Atlantic Tru Grp Incorporated Llc, Georgia-based fund reported 100 shares. Renaissance Technology Ltd Liability holds 0% or 268,800 shares in its portfolio. Bridgeway Capital Inc has invested 0.01% in Wayside Technology Group, Inc. (NASDAQ:WSTG). Geode Capital Management Ltd invested 0% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG). 320,516 are held by Eagle Asset Management. California Pub Employees Retirement Systems holds 0% or 15,927 shares in its portfolio. Peapack Gladstone Fincl Corp holds 0.07% or 83,065 shares in its portfolio.

Zpr Investment Management, which manages about $201.53 million and $69.34M US Long portfolio, decreased its stake in Lannet Inc (NYSE:LCI) by 65,317 shares to 91,505 shares, valued at $2.12 million in 2017Q4, according to the filing. It also reduced its holding in Spirit Aerosystems Hldgs Inc (NYSE:SPR) by 15,464 shares in the quarter, leaving it with 6,195 shares, and cut its stake in Tower Intl Inc (NYSE:TOWR).

Among 8 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 24 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, July 5 report. Stephens upgraded Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Thursday, November 3 to “Overweight” rating. The company was maintained on Wednesday, February 28 by FBR Capital. On Tuesday, January 16 the stock rating was maintained by Stephens with “Buy”. Wedbush maintained it with “Outperform” rating and $39 target in Friday, January 29 report. Wedbush maintained the stock with “Outperform” rating in Tuesday, September 27 report. The firm earned “Buy” rating on Thursday, November 5 by Benchmark. The firm has “Buy” rating by Benchmark given on Tuesday, August 1. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Buy” rating by B. Riley & Co on Thursday, March 1. RBC Capital Markets maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) rating on Tuesday, September 26. RBC Capital Markets has “Buy” rating and $43.0 target.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.26, from 1.23 in 2017Q3. It turned negative, as 31 investors sold SBGI shares while 73 reduced holdings. 41 funds opened positions while 60 raised stakes. 84.77 million shares or 1.85% more from 83.23 million shares in 2017Q3 were reported. Parametrica invested in 5,467 shares. Stratos Wealth Ptnrs has invested 0.02% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). The New York-based Bnp Paribas Arbitrage has invested 0.02% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). State Board Of Administration Of Florida Retirement reported 47,930 shares. Teacher Retirement Of Texas stated it has 0.01% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Colony Group Ltd Co invested in 0.2% or 83,650 shares. Stoneridge Inv Lc has 21,957 shares. Adams Diversified Equity Fund Inc has 0.04% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). National Bank & Trust Of Mellon Corp invested 0.08% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Qs Invsts Ltd Co has invested 0.05% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Massmutual Fsb Adv owns 8,146 shares. Public Employees Retirement Association Of Colorado has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 14,867 shares. Kingdon Cap Management Limited Liability Company invested in 288,550 shares or 0.7% of the stock. Water Island Ltd owns 600 shares for 0% of their portfolio. 371,575 were reported by Peak6 Invs Limited Partnership.

Robertson Opportunity Capital Llc, which manages about $198.57 million and $170.46M US Long portfolio, decreased its stake in Cf Inds Hldgs Inc (NYSE:CF) by 24,000 shares to 65,000 shares, valued at $2.77M in 2017Q4, according to the filing. It also reduced its holding in Zoes Kitchen Inc (NYSE:ZOES) by 71,520 shares in the quarter, leaving it with 144,111 shares, and cut its stake in Cameco Corp (NYSE:CCJ).

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

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