Hg Vora Capital Management Increased Its Holding in Sinclair Broadcast Group (SBGI) by $72.00 Million as Market Valuation Declined; Shareholder Oskie Capital Management Lifted Cbs New (CBS) Holding

February 20, 2018 - By Dolores Ford

David M. Markowitz increased its stake in Cbs Corp New (CBS) by 40.99% based on its latest 2017Q3 regulatory filing with the SEC. Oskie Capital Management Llc bought 11,500 shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund run by David M. Markowitz held 39,559 shares of the broadcasting company at the end of 2017Q3, valued at $2.29 million, up from 28,059 at the end of the previous reported quarter. Oskie Capital Management Llc who had been investing in Cbs Corp New for a number of months, seems to be bullish on the $21.64 billion market cap company. The stock increased 2.17% or $1.2 during the last trading session, reaching $56.59. About 1.41M shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since February 20, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Parag Vora increased its stake in Sinclair Broadcast Group Inc (SBGI) by 47.37% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc bought 2.25 million shares as the company’s stock declined 9.32% while stock markets rallied. The hedge fund run by Parag Vora held 7.00 million shares of the consumer services company at the end of 2017Q3, valued at $224.35M, up from 4.75 million at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.74B market cap company. The stock increased 1.38% or $0.5 during the last trading session, reaching $36.8. About 239,224 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since February 20, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Since August 22, 2017, it had 0 insider purchases, and 12 sales for $78.30 million activity. $3.16M worth of CBS Corporation (NYSE:CBS) was sold by Schwartz Gil D. Ianniello Joseph R sold $175,000 worth of stock or 2,910 shares.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 110 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Tuesday, October 24. The stock has “Buy” rating by RBC Capital Markets on Thursday, October 12. Pacific Crest initiated CBS Corporation (NYSE:CBS) on Friday, October 9 with “Sector Weight” rating. As per Friday, November 3, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Wells Fargo given on Thursday, January 4. Jefferies maintained the shares of CBS in report on Thursday, January 4 with “Buy” rating. BMO Capital Markets downgraded the shares of CBS in report on Wednesday, November 23 to “Market Perform” rating. RBC Capital Markets maintained CBS Corporation (NYSE:CBS) rating on Thursday, February 16. RBC Capital Markets has “Outperform” rating and $78 target. On Monday, August 10 the stock rating was maintained by Barrington Research with “Outperform”. The rating was reinitiated by Credit Suisse on Friday, January 20 with “Outperform”.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.23, from 0.8 in 2017Q2. It improved, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Gyroscope Capital Management Grp Ltd Company has 0.12% invested in CBS Corporation (NYSE:CBS). Capital Inc Ca invested 0.24% of its portfolio in CBS Corporation (NYSE:CBS). Principal Finance Group Inc Inc accumulated 0.03% or 594,085 shares. 4,498 are owned by Rampart Investment Mgmt Ltd Llc. First Allied Advisory Services invested 0.01% of its portfolio in CBS Corporation (NYSE:CBS). Hightower Ltd Liability accumulated 3,517 shares. Glenmede Na stated it has 1.04M shares or 0.26% of all its holdings. Fincl Service has 300 shares for 0.01% of their portfolio. First Bankshares holds 0.05% or 4,995 shares. Los Angeles Capital Mgmt Equity Rech Inc holds 0% of its portfolio in CBS Corporation (NYSE:CBS) for 13,033 shares. Shine Inv Advisory Services holds 0.01% of its portfolio in CBS Corporation (NYSE:CBS) for 197 shares. Peapack Gladstone Finance Corporation owns 0.41% invested in CBS Corporation (NYSE:CBS) for 123,309 shares. Quantbot L P, New York-based fund reported 73,347 shares. Philadelphia Trust Commerce, a Pennsylvania-based fund reported 211,159 shares. Keybank National Association Oh has invested 0% in CBS Corporation (NYSE:CBS).

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