Asia Pacific Wire & Cable (APWC) Trades at $2.95 After Triangle; Omega Advisors Has Raised Its Sinclair Broadcast Group (SBGI) Holding

November 15, 2017 - By Clifton Ray

Omega Advisors Inc increased Sinclair Broadcast Group Inc (SBGI) stake by 841.48% reported in 2017Q2 SEC filing. Omega Advisors Inc acquired 1.26 million shares as Sinclair Broadcast Group Inc (SBGI)’s stock declined 9.32%. The Omega Advisors Inc holds 1.41 million shares with $46.46M value, up from 150,000 last quarter. Sinclair Broadcast Group Inc now has $3.19 billion 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.

Asia Pacific Wire & Cable (APWC) formed triangle with $2.68 target or 9.00% below today’s $2.95 share price. Asia Pacific Wire & Cable (APWC) has $40.77 million valuation. The stock increased 1.72% or $0.05 on November 14, reaching $2.95. About shares traded. Asia Pacific Wire & Cable (NASDAQ:APWC) has risen 58.36% since November 15, 2016 and is uptrending. It has outperformed by 41.66% the S&P500.

Omega Advisors Inc decreased Arris International Plc stake by 769,000 shares to 908,032 valued at $25.44M in 2017Q2. It also reduced Rev Group Inc stake by 71,328 shares and now owns 100,000 shares. Hess Corp (NYSE:HES) was reduced too.

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 had 19 analyst reports since July 30, 2015 according to SRatingsIntel. On Thursday, February 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 26 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 1. Stephens initiated it with “Equal-Weight” rating and $37 target in Wednesday, November 18 report. As per Tuesday, August 1, the company rating was maintained by Benchmark. The stock has “Outperform” rating by Wedbush on Thursday, February 23. The rating was upgraded by Stephens to “Overweight” on Thursday, November 3. The rating was maintained by Stephens with “Buy” on Friday, June 2. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Outperform” rating given on Tuesday, September 27 by Wedbush.

Investors sentiment increased to 1.58 in Q2 2017. Its up 0.43, from 1.15 in 2017Q1. It is positive, 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. Massmutual Tru Comm Fsb Adv invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Pitcairn reported 8,589 shares. Independent Portfolio Consultants invested in 1,982 shares. Parametric Associates Ltd Liability owns 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 96,127 shares. Glenhill Advsr has 1.12 million shares. New Hampshire-based Pax World Mgmt Ltd Liability has invested 0.83% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Fmr Llc holds 0.02% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 4.60 million shares. Gotham Asset Management Limited holds 25,456 shares. Ameritas Investment Ptnrs Inc invested in 6,162 shares. Jefferies Gru Ltd Liability holds 29,996 shares. Glenmede Trust Na owns 1.18M shares for 0.23% of their portfolio. Lsv Asset holds 70,609 shares. Oxbow Advisors Ltd Co stated it has 0.73% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,170 shares in its portfolio. Mason Cap Lc accumulated 603,840 shares.

Since June 14, 2017, it had 0 insider purchases, and 1 sale for $69,508 activity. $69,508 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) shares were sold by MCCANNA LAWRENCE E.

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