Abbott Laboratories (ABT) Reaches $51.08 52-Week High; Sinclair Broadcast Group Class A (SBGI) Sellers Decreased By 8.54% Their Shorts

September 1, 2017 - By Kurt Siggers

Sinclair Broadcast Group Class A (NASDAQ:SBGI) had a decrease of 8.54% in short interest. SBGI’s SI was 9.75M shares in September as released by FINRA. Its down 8.54% from 10.66M shares previously. With 1.54M avg volume, 6 days are for Sinclair Broadcast Group Class A (NASDAQ:SBGI)’s short sellers to cover SBGI’s short positions. The SI to Sinclair Broadcast Group Class A’s float is 12.92%. About 192,154 shares traded. Sinclair Broadcast Group Inc (NASDAQ:SBGI) has risen 12.28% since September 1, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

The stock of Abbott Laboratories (NYSE:ABT) hit a new 52-week high and has $55.68 target or 9.00% above today’s $51.08 share price. The 9 months bullish chart indicates low risk for the $88.75 billion company. The 1-year high was reported on Sep, 1 by Barchart.com. If the $55.68 price target is reached, the company will be worth $7.99 billion more. About 1.13 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since September 1, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The company has market cap of $3.13 billion. The Firm focuses on providing content on its local television stations and digital platforms. It has a 10.5 P/E ratio. The Company’s divisions are broadcast, other and corporate.

Since March 2, 2017, it had 1 buying transaction, and 1 insider sale for $92,291 activity. 2,000 shares were sold by MCCANNA LAWRENCE E, worth $69,508 on Wednesday, June 14. $161,799 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) was bought by SMITH DAVID D on Friday, May 5. Shares for $411,619 were sold by LEADER MARTIN R on Thursday, March 2.

Investors sentiment increased to 1.58 in Q4 2016. Its up 0.43, from 1.15 in 2016Q3. It increased, as 29 investors sold Sinclair Broadcast Group Inc shares while 70 reduced holdings. 30 funds opened positions while 55 raised stakes. 64.56 million shares or 1.63% less from 65.62 million shares in 2016Q3 were reported. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Prudential invested in 0.01% or 138,921 shares. Wells Fargo Mn has 0% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Royal National Bank & Trust Of Canada holds 11,982 shares. Moreover, Dimensional Fund Advsr L P has 0.03% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Beach Point Mgmt L P owns 781,019 shares or 11.75% of their US portfolio. Farmers And Merchants reported 0% stake. Northern Corporation, Illinois-based fund reported 916,584 shares. Hall Laurie J Trustee holds 570 shares. Grt has 0.19% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Pitcairn has invested 0.05% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Prelude Capital Mngmt Ltd holds 2,000 shares. Parametric Port Assocs Limited Liability Co holds 0% or 70,081 shares. Envestnet Asset Mgmt Inc reported 0% in Sinclair Broadcast Group Inc (NASDAQ:SBGI). Bank & Trust Of America Corporation De invested 0% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI).

Among 4 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 15 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Wedbush given on Friday, January 29. The firm has “Outperform” rating given on Thursday, February 23 by Wedbush. Stephens initiated Sinclair Broadcast Group Inc (NASDAQ:SBGI) rating on Wednesday, November 18. Stephens has “Equal-Weight” rating and $37 target. RBC Capital Markets maintained Sinclair Broadcast Group Inc (NASDAQ:SBGI) rating on Wednesday, July 5. RBC Capital Markets has “Buy” rating and $4500 target. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Outperform” rating given on Tuesday, September 27 by Wedbush. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 23 report. Benchmark maintained Sinclair Broadcast Group Inc (NASDAQ:SBGI) on Tuesday, August 1 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, November 10 by RBC Capital Markets. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has “Overweight” rating given on Thursday, November 3 by Stephens. Stephens maintained the stock with “Buy” rating in Friday, June 2 report.

Among 23 analysts covering Abbott Laboratories (NYSE:ABT), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Abbott Laboratories has $90 highest and $4 lowest target. $51.84’s average target is 1.49% above currents $51.08 stock price. Abbott Laboratories had 67 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, July 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating by Jefferies given on Tuesday, June 14. The rating was maintained by BMO Capital Markets on Thursday, July 20 with “Hold”. The rating was maintained by Cowen & Co on Tuesday, August 15 with “Buy”. The firm has “Buy” rating given on Thursday, August 27 by Wells Fargo. As per Monday, April 17, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies with “Buy” on Thursday, August 4. As per Friday, February 5, the company rating was upgraded by Argus Research. The company was maintained on Tuesday, March 15 by Jefferies. The rating was reinitiated by Credit Suisse on Monday, August 10 with “Outperform”.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.75, from 1.63 in 2016Q3. It dropped, as 83 investors sold Abbott Laboratories shares while 496 reduced holdings. 103 funds opened positions while 481 raised stakes. 1.06 billion shares or 1.63% more from 1.04 billion shares in 2016Q3 were reported. Moreover, Meeder Asset Mgmt has 0.05% invested in Abbott Laboratories (NYSE:ABT) for 13,803 shares. Catawba Cap Mgmt Va holds 40,636 shares. Nicholas Wi holds 264,390 shares. White Pine Capital Lc invested in 0.36% or 21,985 shares. North Point Port Managers Oh stated it has 1.87% of its portfolio in Abbott Laboratories (NYSE:ABT). Pictet Bankshares reported 93,420 shares. Texas Permanent School Fund reported 435,323 shares. Atlanta Capital Grp has 0.08% invested in Abbott Laboratories (NYSE:ABT) for 9,469 shares. 6,764 are held by Country Club Na. Engineers Gate Manager Limited Partnership holds 0.46% of its portfolio in Abbott Laboratories (NYSE:ABT) for 111,938 shares. Carnegie Cap Asset Mgmt Ltd Liability invested in 0.25% or 46,988 shares. West Oak Limited Liability Corporation owns 37,755 shares. Burt Wealth has 0.15% invested in Abbott Laboratories (NYSE:ABT) for 4,467 shares. Pekin Singer Strauss Asset Il accumulated 21,950 shares. 69,117 were reported by Benedict Incorporated.

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