Sinclair Broadcast Group (Call) (SBGI) Market Valuation Declined While Apollo Management Holdings LP Has Trimmed Its Position; As Kroger Co (KR) Market Valuation Declined, Harber Asset Management Increased Holding

January 18, 2018 - By Louis Casey

Raymond J. Harbert increased its stake in Kroger Co (KR) by 179.6% based on its latest 2017Q3 regulatory filing with the SEC. Harber Asset Management Llc bought 269,398 shares as the company’s stock declined 14.05% while stock markets rallied. The hedge fund run by Raymond J. Harbert held 419,398 shares of the food chains company at the end of 2017Q3, valued at $8.41M, up from 150,000 at the end of the previous reported quarter. Harber Asset Management Llc who had been investing in Kroger Co for a number of months, seems to be bullish on the $25.62 billion market cap company. The stock increased 1.40% or $0.4 during the last trading session, reaching $29.07. About 5.77M shares traded. The Kroger Co. (NYSE:KR) has declined 16.08% since January 18, 2017 and is downtrending. It has underperformed by 32.78% the S&P500.

Apollo Management Holdings Lp decreased its stake in Sinclair Broadcast Group Inc (Call) (SBGI) by 44.85% based on its latest 2017Q3 regulatory filing with the SEC. Apollo Management Holdings Lp sold 450,000 shares as the company’s stock declined 9.32% while stock markets rallied. The institutional investor held 553,300 shares of the consumer services company at the end of 2017Q3, valued at $17.73M, down from 1.00M at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Sinclair Broadcast Group Inc (Call) for a number of months, seems to be less bullish one the $3.99 billion market cap company. The stock increased 0.26% or $0.1 during the last trading session, reaching $39.25. About 284,918 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since January 18, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Since December 19, 2017, it had 0 insider buys, and 1 sale for $446,327 activity.

Harber Asset Management Llc, which manages about $271.95 million US Long portfolio, decreased its stake in Identiv Inc (NASDAQ:INVE) by 85,176 shares to 17,924 shares, valued at $83,000 in 2017Q3, according to the filing. It also reduced its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 41,933 shares in the quarter, leaving it with 8,935 shares, and cut its stake in Interxion Holding N.V (NYSE:INXN).

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It worsened, as 94 investors sold KR shares while 232 reduced holdings. 91 funds opened positions while 196 raised stakes. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. Alpha Windward Ltd Liability holds 0% of its portfolio in The Kroger Co. (NYSE:KR) for 216 shares. Virtu Finance Ltd Liability Co owns 35,560 shares or 0% of their US portfolio. Riverhead Mngmt Limited Liability Com reported 176,238 shares. North Star Inv Mgmt Corporation invested 0.03% in The Kroger Co. (NYSE:KR). Palladium Partners Ltd Liability Corp has 362,201 shares for 0.55% of their portfolio. Moreover, Pillar Pacific Capital Mngmt Ltd Limited Liability Company has 0.25% invested in The Kroger Co. (NYSE:KR). Kbc Group Inc Nv invested in 0.1% or 526,346 shares. Century Cos has 10,181 shares. National Pension Service reported 843,311 shares stake. Covington stated it has 0.01% of its portfolio in The Kroger Co. (NYSE:KR). Quantbot Lp invested in 0.14% or 70,743 shares. Wg Shaheen Associates Dba Whitney Com reported 141,895 shares stake. Emerald Advisers Incorporated Pa, Pennsylvania-based fund reported 57,946 shares. Rocky Mountain Advisers Limited Co reported 849 shares. Benedict Finance Advsrs accumulated 0.2% or 19,656 shares.

Among 34 analysts covering Kroger (NYSE:KR), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Kroger had 98 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Wednesday, August 31. The company was downgraded on Friday, June 16 by J.P. Morgan. RBC Capital Markets upgraded The Kroger Co. (NYSE:KR) on Thursday, March 23 to “Outperform” rating. The rating was maintained by Citigroup on Thursday, September 17 with “Buy”. Jefferies maintained it with “Hold” rating and $24.0 target in Friday, December 1 report. Oppenheimer maintained The Kroger Co. (NYSE:KR) on Thursday, June 15 with “Buy” rating. The firm earned “Buy” rating on Friday, November 3 by Wells Fargo. Pivotal Research upgraded The Kroger Co. (NYSE:KR) rating on Tuesday, September 12. Pivotal Research has “Buy” rating and $25 target. The rating was downgraded by Zacks on Tuesday, August 25 to “Buy”. The firm earned “Buy” rating on Monday, May 15 by Deutsche Bank.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.35, from 1.58 in 2017Q2. It dropped, 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. 140,000 are owned by Selz Capital Limited. Metropolitan Life Ny has 50,286 shares for 0.01% of their portfolio. 753 were accumulated by Lazard Asset Lc. 449,019 are held by Bancshares Of America De. 4,600 are held by Macquarie Group Incorporated Ltd. Nomura reported 113,661 shares. Prelude Ltd Liability Com, a New York-based fund reported 151,337 shares. Qvt Ltd Partnership has 188,822 shares for 0.23% of their portfolio. Bancorpsouth Inc has 0.04% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 14,024 shares. Frontfour Capital Lc accumulated 83,647 shares or 0.49% of the stock. Moreover, Teton has 0.1% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 33,000 shares. Moreover, Wells Fargo Com Mn has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Oxbow Limited Liability Co has invested 0.7% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Moreover, Paloma Prtn Mngmt Co has 0.01% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 20,334 shares. Stoneridge Inv Partners Ltd Liability Com holds 9,313 shares or 0.05% of its portfolio.

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 stock has “Outperform” rating by Wedbush on Friday, January 29. On Tuesday, September 26 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Overweight” rating by Stephens given on Thursday, November 3. Deutsche Bank initiated the shares of SBGI in report on Friday, October 20 with “Buy” rating. The rating was maintained by Benchmark with “Buy” on Thursday, November 5. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 18. The company was maintained on Tuesday, January 16 by Stephens. The stock of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) earned “Outperform” rating by Wedbush on Thursday, February 23. On Thursday, February 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Wedbush with “Outperform” on Tuesday, September 27.

Apollo Management Holdings Lp, which manages about $6.64 billion US Long portfolio, upped its stake in Tenet Healthcare Corp (Call) (NYSE:THC) by 175,000 shares to 300,000 shares, valued at $4.93 million in 2017Q3, according to the filing. It also increased its holding in Simon Ppty Group Inc New (Put) (NYSE:SPG) by 30,000 shares in the quarter, for a total of 50,000 shares, and has risen its stake in Macerich Co (NYSE:MAC).

Analysts await Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) to report earnings on February, 28. They expect $0.62 EPS, down 53.03% or $0.70 from last year’s $1.32 per share. SBGI’s profit will be $63.07 million for 15.83 P/E if the $0.62 EPS becomes a reality. After $0.30 actual EPS reported by Sinclair Broadcast Group, Inc. for the previous quarter, Wall Street now forecasts 106.67% EPS growth.

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