Emerald Advisers Boosted By $1.70 Million Its Sinclair Broadcast Group Inccl A (SBGI) Holding; Kar Auction Services (KAR) Sellers Decreased By 25.11% Their Shorts

November 15, 2017 - By Dolores Ford

Kar Auction Services Incorporated (NYSE:KAR) had a decrease of 25.11% in short interest. KAR’s SI was 974,600 shares in November as released by FINRA. Its down 25.11% from 1.30 million shares previously. With 1.30M avg volume, 1 days are for Kar Auction Services Incorporated (NYSE:KAR)’s short sellers to cover KAR’s short positions. The stock decreased 0.19% or $0.09 during the last trading session, reaching $48.14. About shares traded. KAR Auction Services Inc (NYSE:KAR) has risen 7.49% since November 15, 2016 and is uptrending. It has underperformed by 9.21% the S&P500.

Emerald Advisers Inc increased Sinclair Broadcast Group Inccl A (SBGI) stake by 442% reported in 2017Q2 SEC filing. Emerald Advisers Inc acquired 53,274 shares as Sinclair Broadcast Group Inccl A (SBGI)’s stock declined 9.32%. The Emerald Advisers Inc holds 65,327 shares with $2.15M value, up from 12,053 last quarter. Sinclair Broadcast Group Inccl A now has $3.19B valuation. The stock increased 0.80% or $0.25 during the last trading session, reaching $31.4. About shares traded. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has risen 12.28% since November 15, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

Investors sentiment increased to 1.58 in Q2 2017. Its up 0.43, from 1.15 in 2017Q1. It improved, as 38 investors sold SBGI shares while 50 reduced holdings. 57 funds opened positions while 82 raised stakes. 80.08 million shares or 13.52% more from 70.54 million shares in 2017Q1 were reported. Fincl Bank Of Montreal Can has 9,677 shares. Pine River Capital Limited Partnership has 200,025 shares for 0.23% of their portfolio. 541,902 were accumulated by Pacific Alternative Asset Limited Liability. Teacher Retirement Of Texas has invested 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Alps Advsr Inc invested in 11,636 shares or 0% of the stock. Rbf Limited Liability accumulated 10,000 shares. 27,941 were reported by Regions Fincl Corporation. Citadel Llc invested in 0% or 178,024 shares. Glenmede Trust Na has invested 0.23% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Panagora Asset Management holds 0.02% or 167,764 shares in its portfolio. Kingdon Cap Management Limited Liability Company reported 1.68% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Hudson Bay Capital Management Limited Partnership holds 0.17% in Sinclair Broadcast Group Inc (NASDAQ:SBGI) or 250,643 shares. Eagle Asset Management owns 0.05% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 260,373 shares. Inc stated it has 0.01% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Fortaleza Asset Management holds 0.11% or 1,785 shares in its portfolio.

Among 6 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc has $5500 highest and $34 lowest target. $45.83’s average target is 45.96% above currents $31.4 stock price. Sinclair Broadcast Group Inc had 19 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Buy” rating given on Friday, June 2 by Stephens. The stock has “Buy” rating by RBC Capital Markets on Tuesday, September 26. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Equal-Weight” rating given on Wednesday, November 18 by Stephens. The firm earned “Overweight” rating on Thursday, November 3 by Stephens. The firm has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. The company was maintained on Tuesday, August 1 by Benchmark. The firm has “Buy” rating given on Wednesday, November 1 by RBC Capital Markets. The company was maintained on Tuesday, November 10 by RBC Capital Markets. Deutsche Bank initiated the stock with “Buy” rating in Friday, October 20 report. As per Thursday, February 23, the company rating was maintained by RBC Capital Markets.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $69,508 activity. MCCANNA LAWRENCE E had sold 2,000 shares worth $69,508 on Wednesday, June 14.

Emerald Advisers Inc decreased Activision Blizzard Inc (NASDAQ:ATVI) stake by 8,075 shares to 18,781 valued at $1.08M in 2017Q2. It also reduced Integer Holdings Corp stake by 278,130 shares and now owns 273,230 shares. Tutor Perini Corporation (NYSE:TPC) was reduced too.

Among 9 analysts covering KAR Auction Services (NYSE:KAR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. KAR Auction Services had 23 analyst reports since July 24, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Hold” rating in Thursday, August 27 report. The rating was maintained by Jefferies with “Buy” on Wednesday, June 14. The company was downgraded on Thursday, November 2 by Gabelli. The stock has “Buy” rating by Zacks on Monday, August 24. The rating was maintained by Sterne Agee CRT with “Buy” on Monday, May 2. The rating was upgraded by Zacks to “Buy” on Wednesday, September 2. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, February 12 report. On Monday, October 30 the stock rating was maintained by JP Morgan with “Overweight”. The company was maintained on Thursday, October 12 by Jefferies. On Tuesday, October 3 the stock rating was maintained by Robert W. Baird with “Buy”.

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