As Sinclair Broadcast Group (SBGI) Stock Declined, Holder Three Bays Capital LP Raised Its Position; Trustco Bank N Y Has Trimmed Its Stake in Exxon Mobil (XOM) as Stock Declined

May 22, 2018 - By Dolores Ford

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Trustco Bank Corp N Y decreased its stake in Exxon Mobil Corp (XOM) by 10.37% based on its latest 2017Q4 regulatory filing with the SEC. Trustco Bank Corp N Y sold 7,194 shares as the company’s stock declined 12.23% with the market. The institutional investor held 62,162 shares of the integrated oil company at the end of 2017Q4, valued at $5.20 million, down from 69,356 at the end of the previous reported quarter. Trustco Bank Corp N Y who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $348.36B market cap company. The stock increased 1.21% or $0.98 during the last trading session, reaching $82.28. About 8.82 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.29% since May 22, 2017 and is downtrending. It has underperformed by 20.84% the S&P500.

Three Bays Capital Lp increased its stake in Sinclair Broadcast Group Inc (SBGI) by 39.67% based on its latest 2017Q4 regulatory filing with the SEC. Three Bays Capital Lp bought 963,869 shares as the company’s stock declined 16.75% with the market. The institutional investor held 3.39 million shares of the consumer services company at the end of 2017Q4, valued at $128.45M, up from 2.43 million at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.17 billion market cap company. The stock increased 0.65% or $0.2 during the last trading session, reaching $31. About 1.25 million shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 20.99% since May 22, 2017 and is downtrending. It has underperformed by 32.54% the S&P500.

More recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Benzinga.com which released: “Sinclair Broadcast Group’s Breaking News: 40% Upside” on April 30, 2018. Also Bizjournals.com published the news titled: “Sinclair proposes selling 23 stations in latest bid to gain approval for Tribune deal” on April 24, 2018. Streetinsider.com‘s news article titled: “Sinclair Broadcast Group (SBGI) Says it was Removed From Sony Vue Platforms” with publication date: May 02, 2018 was also an interesting one.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.26, from 1.23 in 2017Q3. It fall, 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. Cornerstone invested in 275 shares. Convergence Ptnrs Ltd Liability Company reported 108,292 shares. Goldman Sachs Gru owns 874,908 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Colony Group Limited Liability Co owns 83,650 shares for 0.2% of their portfolio. Rhumbline Advisers reported 76,160 shares. Phocas Finance stated it has 1.48% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Raging Capital Limited Liability accumulated 1.12M shares. Raymond James & Assoc has 0.02% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Spears Abacus Advisors Limited Liability Corp stated it has 8,700 shares or 0.04% of all its holdings. 1.19 million were reported by Goodnow Invest Group Limited Co. Apollo Management Holding Lp has 0.03% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 46,440 shares. Impax Asset Mngmt Ltd Limited Liability Company holds 1.11% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 509,022 shares. Emerald Advisers Incorporated Pa holds 0.1% or 68,809 shares in its portfolio. Adams Diversified Equity Fund invested in 17,900 shares.

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. The stock has “Buy” rating by FBR Capital on Wednesday, February 28. Benchmark maintained the stock with “Buy” rating in Thursday, November 5 report. The rating was maintained by Stephens with “Buy” on Friday, June 2. Wedbush maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on Tuesday, September 27 with “Outperform” rating. The firm has “Buy” rating given on Thursday, March 1 by B. Riley & Co. The firm earned “Buy” rating on Tuesday, January 16 by Stephens. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Buy” rating by RBC Capital Markets on Thursday, August 3. RBC Capital Markets maintained the shares of SBGI in report on Tuesday, September 26 with “Buy” rating. The firm earned “Overweight” rating on Thursday, November 3 by Stephens. The company was maintained on Thursday, February 23 by RBC Capital Markets.

Since December 11, 2017, it had 0 insider buys, and 4 sales for $3.42 million activity. On Monday, December 11 the insider Corson Bradley W sold $1.62M. The insider Wascom Dennis G sold 2,412 shares worth $200,293. $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Milton Bryan W on Tuesday, December 12.

Trustco Bank Corp N Y, which manages about $96.99 million US Long portfolio, upped its stake in Southern Co (NYSE:SO) by 16,089 shares to 39,883 shares, valued at $1.92 million in 2017Q4, according to the filing.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.16 earnings per share, up 48.72% or $0.38 from last year’s $0.78 per share. XOM’s profit will be $4.91B for 17.73 P/E if the $1.16 EPS becomes a reality. After $1.09 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.42% EPS growth.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.01, from 0.85 in 2017Q3. It dived, as 48 investors sold XOM shares while 819 reduced holdings. 123 funds opened positions while 603 raised stakes. 2.17 billion shares or 1.92% more from 2.13 billion shares in 2017Q3 were reported. Exane Derivatives holds 6,870 shares. 17,604 were reported by Provise Group Lc. Greenwood Gearhart, a Arkansas-based fund reported 93,312 shares. Sfmg Limited Liability Corporation invested in 0.44% or 32,029 shares. Cohen Klingenstein Limited Liability owns 35,400 shares or 0.42% of their US portfolio. Roanoke Asset Mgmt owns 9,623 shares or 0.39% of their US portfolio. Moreover, First Commonwealth Pa has 1.87% invested in Exxon Mobil Corporation (NYSE:XOM) for 21,188 shares. Norris Perne French Llp Mi invested 1.48% in Exxon Mobil Corporation (NYSE:XOM). Cambridge Rech Advsr has invested 0.61% in Exxon Mobil Corporation (NYSE:XOM). Maple Cap Management reported 54,966 shares. Oakworth Cap accumulated 0.5% or 25,663 shares. Eads And Heald Invest Counsel owns 22,473 shares. Inr Advisory Service Ltd Llc has invested 0.01% in Exxon Mobil Corporation (NYSE:XOM). Sawgrass Asset Lc owns 26,058 shares. 68,202 were accumulated by Trexquant Investment L P.

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

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