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Sinclair Broadcast (SBGI)

Sinclair Broadcast Group, Inc. is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 RSN brands; owns, operates and/or provides services to 190 television stations in 88 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. Sinclair, either directly or through its venture subsidiaries, makes equity investments in strategic companies.

Company profile

Ticker
SBGI
Exchange
Website
CEO
Christopher Ripley
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Acrodyne Technical Services, LLC • Allegiance Capital L.P. • Amplify IP, LLC • Diamond Sports Topco, LLC • Diamond Digital Group, LLC • Diamond Sports Holdings, LLC • Diamond Sports Intermediate Holdings • Diamond Sports Intermediate Holdings, LLC • Diamond Sports Finance Company • Diamond Sports Group, LLC ...
IRS number
521494660
SEC advisor number
801-112035
FINRA CRD number
290206
AUM ?
$74.36M (as of 1 Jan 20)
Accounts
2 (as of 1 Jan 20)
Employees
4 (3 investment advisory or research)
Address
Sinclair Broadcast
10706 BEAVER DAM ROAD
HUNT VALLEY
MD 21030
Phone
4105681500

SBGI stock data

Analyst ratings and price targets

Last 3 months

Calendar

9 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 521M 521M 521M 521M 521M 521M
Cash burn (monthly) 99.33M 35.33M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 439.15M 156.21M n/a n/a n/a n/a
Cash remaining 81.85M 364.79M n/a n/a n/a n/a
Runway (months of cash) 0.8 10.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Grant Acquire A Yes No 0 1,500,000 0 1,500,000
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Gift Dispose G No No 0 1,500,000 0 911,072
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Grant Acquire A Yes No 0 1,500,000 0 1,500,000
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Gift Dispose G No No 0 1,500,000 0 2,411,072
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Grant Acquire A Yes No 0 1,500,000 0 1,500,000
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Gift Dispose G No No 0 1,500,000 0 3,911,072
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Grant Acquire A Yes No 0 1,500,000 0 1,500,000
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Gift Dispose G No No 0 1,500,000 0 5,411,072
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Buy Acquire P No No 20.79 1,500,000 31.19M 6,911,072
11 Jul 22 Smith David D Class B Common Stock Class B Common Stock Buy Acquire P No No 20.79 1,500,000 31.19M 5,411,072
78.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 153 166 -7.8%
Opened positions 26 33 -21.2%
Closed positions 39 49 -20.4%
Increased positions 45 43 +4.7%
Reduced positions 45 51 -11.8%
13F shares Current Prev Q Change
Total value 1.03B 1.82B -43.1%
Total shares 36.86M 45.25M -18.5%
Total puts 64.6K 308.7K -79.1%
Total calls 612.9K 545.1K +12.4%
Total put/call ratio 0.1 0.6 -81.4%
Largest owners Shares Value Change
Vanguard 5.2M $145.74M -2.3%
HG Vora Capital Management 4.75M $133.1M 0.0%
Contrarius Investment Management 4.23M $118.51M +1.8%
BLK Blackrock 3.95M $110.55M +1.0%
GBL Gamco Investors 2.46M $68.89M -0.1%
Vaughan Nelson Investment Management 1.33M $37.38M -5.4%
BAC Bank Of America 1.23M $34.41M -31.6%
STT State Street 993.9K $27.85M +2.7%
Gabelli Funds 928.8K $26.03M 0.0%
Geode Capital Management 879.29K $24.64M +4.0%
Largest transactions Shares Bought/sold Change
MS Morgan Stanley 200.46K -3.31M -94.3%
Conifer Management, L.L.C. 0 -2.44M EXIT
Canada Pension Plan Investment Board 0 -691.55K EXIT
BCS Barclays 7.68K -628.11K -98.8%
BAC Bank Of America 1.23M -566.01K -31.6%
Empyrean Capital Partners 0 -524.17K EXIT
Renaissance Technologies 618.57K +484K +359.7%
Nordea Investment Management Ab 0 -452.91K EXIT
Norges Bank 0 -420.02K EXIT
Millennium Management 407.07K +316.12K +347.6%

Financial report summary

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Management Discussion
  • Any references to the second, third, or fourth quarters are to the three months ended June 30, September 30, or December 31, respectively, for the year being discussed. For the quarter ended March 31, 2022, we have two reportable segments, "broadcast" and, prior to Deconsolidation, "local sports," that are disclosed separately from our other and corporate activities.
  • The operating results of our broadcast segment are usually subject to cyclical fluctuations from political advertising. In even numbered years, political spending is usually significantly higher than in odd numbered years due to advertising expenditures preceding local and national elections. Additionally, every four years, political spending is usually elevated further due to advertising expenditures preceding the presidential election. Also, the second and fourth quarter operating results are usually higher than the first and third quarters’ because advertising expenditures are increased in anticipation of certain seasonal and holiday spending by consumers.
  • The operating results of our local sports segment are usually subject to cyclical fluctuations based on the timing and overlap of the Major League Baseball ("MLB"), NBA, and NHL seasons. Usually, the second and third quarter operating results are higher than the first and fourth quarter operating results.

Content analysis

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