Cincinnati Bell Inc. (CBB) Reaches $14.55 After 7.00% Down Move; Apollo Management Holdings LP Has Decreased Sinclair Broadcast Group (Call) (SBGI) Stake By $14.40 Million

February 15, 2018 - By Clifton Ray

The stock of Cincinnati Bell Inc. (NYSE:CBB) is a huge mover today! The stock decreased 4.28% or $0.65 during the last trading session, reaching $14.55. About 208,700 shares traded. Cincinnati Bell Inc. (NYSE:CBB) has declined 3.61% since February 15, 2017 and is downtrending. It has underperformed by 20.31% the S&P500.The move comes after 6 months negative chart setup for the $613.80M company. It was reported on Feb, 15 by Barchart.com. We have $13.53 PT which if reached, will make NYSE:CBB worth $42.97M less.

Apollo Management Holdings Lp decreased Sinclair Broadcast Group Inc (Call) (SBGI) stake by 44.85% reported in 2017Q3 SEC filing. Apollo Management Holdings Lp sold 450,000 shares as Sinclair Broadcast Group Inc (Call) (SBGI)’s stock declined 9.32%. The Apollo Management Holdings Lp holds 553,300 shares with $17.73 million value, down from 1.00M last quarter. Sinclair Broadcast Group Inc (Call) now has $3.74 billion valuation. The stock increased 0.41% or $0.15 during the last trading session, reaching $36.8. About 283,615 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since February 15, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Among 7 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 22 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 3 by RBC Capital Markets. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Equal-Weight” rating by Stephens on Wednesday, November 18. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Outperform” rating by Wedbush on Tuesday, September 27. The firm earned “Buy” rating on Thursday, November 5 by Benchmark. As per Tuesday, August 1, the company rating was maintained by Benchmark. The rating was maintained by Stephens with “Buy” on Tuesday, January 16. Stephens maintained the stock with “Buy” rating in Friday, June 2 report. The firm has “Buy” rating given on Tuesday, September 26 by RBC Capital Markets. As per Thursday, February 23, the company rating was maintained by Wedbush. RBC Capital Markets maintained it with “Buy” rating and $4500 target in Wednesday, July 5 report.

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on February, 28. They expect $0.62 earnings per share, down 53.03% or $0.70 from last year’s $1.32 per share. SBGI’s profit will be $63.08 million for 14.84 P/E if the $0.62 EPS becomes a reality. After $0.30 actual earnings per share reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts 106.67% EPS growth.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.35, from 1.58 in 2017Q2. It dived, as 39 investors sold SBGI shares while 58 reduced holdings. 41 funds opened positions while 78 raised stakes. 83.23 million shares or 3.94% more from 80.08 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Sys reported 47,930 shares stake. Pennsylvania-based Nationwide Fund Advsr has invested 0.01% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Citadel Advsr Limited Liability reported 22,402 shares. Stratos Wealth Prns holds 0.02% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 10,520 shares. Voya Management Ltd Limited Liability Company invested 0% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Strategic Advsr Limited Liability Company has 17,318 shares. Highland Cap Mgmt Ltd Partnership stated it has 0.34% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). 188,822 were reported by Qvt L P. Wealthtrust has invested 0% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Gratia Cap Ltd Limited Liability Company reported 1.82% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Rr Ptnrs Limited Partnership reported 0.64% stake. Lucus Ltd Liability Company, a New York-based fund reported 11,201 shares. Anchor Capital Advsrs Limited Co invested in 41,786 shares or 0.05% of the stock. Chicago Equity Prtnrs Ltd Liability reported 46,700 shares. Pacad owns 0.03% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 3,800 shares.

Investors sentiment increased to Infinity in Q3 2017. Its up Infinity, from 0 in 2017Q2. It is positive, as 0 investors sold Cincinnati Bell Inc. shares while 0 reduced holdings. 1 funds opened positions while 0 raised stakes. 504,860 shares or 46646.30% more from 1,080 shares in 2017Q2 were reported. Alphamark Advsr Ltd Liability Com has invested 0.01% in Cincinnati Bell Inc. (NYSE:CBB). Tocqueville Asset Ltd Partnership owns 251,350 shares.

Among 3 analysts covering Cincinnati Bell (NYSE:CBB), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Cincinnati Bell had 6 analyst reports since August 21, 2015 according to SRatingsIntel. The company was upgraded on Thursday, October 6 by Gabelli. The firm has “Underperform” rating given on Tuesday, December 6 by Raymond James. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, November 30 report. The rating was downgraded by Gabelli to “Hold” on Tuesday, August 8. The rating was maintained by Gabelli on Friday, August 21 with “Buy”.

Analysts await Cincinnati Bell Inc. (NYSE:CBB) to report earnings on February, 21. They expect $0.04 EPS, up 300.00% or $0.03 from last year’s $0.01 per share. CBB’s profit will be $1.69 million for 90.94 P/E if the $0.04 EPS becomes a reality. After $0.03 actual EPS reported by Cincinnati Bell Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

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