Keep Your Eyes on This Stock: Sinclair Broadcast Group (SBGI)

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) performed 1.23% to trade value at $30.44 in recent trading session and its total traded volume was 1038624 shares versus to an average volume of 1421.04K. The company has market cap of $2930.76 million. The stock has monthly performance of 10.69% while its yearly performance remained at -23.71%.

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair”) reported that Todd Ricke has been promoted to General Manager of WTVC (ABC, FOX) in Chattanooga, Tennessee.  Mr. Ricke will also be responsible for the oversight of Sinclair’s provision of services to WFLI (CW) under a joint sales agreement.  The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair’s television group.

In making the announcement, Mr. Marks said, “Todd has been with Sinclair in Austin for almost 20 years and in sales management for the last eight.  His leadership and technology background should translate into great successes in Chattanooga, especially as media and technology converge.”

“I am honored to be joining the talented team at WTVC and WFLI,” commented Mr. Ricke.  “The opportunity to be part of the winning culture at News Channel 9 is very exciting for me and my family.  The full 360 marketing approach we provide our clients makes this a great time to be with Sinclair.”

Since 2012, Mr. Ricke has been the Director of Sales at Sinclair-owned station KEYE (CBS) in Austin, Texas, where he joined Sinclair in 1999 and served as Local Sales Manager, Account Executive and IT Director.  Mr. Ricke also served in the United States Air Force.

 The stock demonstrated move of 2.25% in previous 5 days graph. Its quarterly performance stands with the percentage of 2.73% while its year to date performance showed change of 15.57%.

 The Company has an insider ownership of 3.18% and institutional ownership remained 95.10%. Its return on investment (ROI) for the last 12 month was 9.40% and its return on equity (ROE) of 36.00% while return on assets (ROA) is at 8.70%.

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