Mason Capital Management Upped Sinclair Broadcast Group (SBGI) Stake; Ensemble Capital Management Cut Its Landstar Sys (LSTR) Holding by $1.64 Million; Stock Declined

June 14, 2018 - By Peter Erickson

Landstar System, Inc. (NASDAQ:LSTR) Logo

Kenneth Mario Garschina increased its stake in Sinclair Broadcast Group Inc (SBGI) by 17.47% based on its latest 2018Q1 regulatory filing with the SEC. Mason Capital Management Llc bought 300,729 shares as the company’s stock declined 21.28% with the market. The hedge fund run by Kenneth Mario Garschina held 2.02 million shares of the consumer services company at the end of 2018Q1, valued at $63.30 million, up from 1.72 million at the end of the previous reported quarter. Mason Capital Management Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.37B market cap company. The stock increased 3.45% or $1.1 during the last trading session, reaching $33. About 2.91 million shares traded or 113.03% up from the average. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has declined 13.49% since June 14, 2017 and is downtrending. It has underperformed by 26.06% the S&P500. Some Historical SBGI News: 26/03/2018 – SINCLAIR PROMOTES JENNIFER RIEFFER TO GENERAL MANAGER IN LEXINGTON, KENTUCKY; 25/05/2018 – Matthew Keys: #BREAKING: Former Sacramento Mayor Kevin Johnson endorses merger between Sinclair Broadcasting, Tribune Media; 09/05/2018 – Matthew Keys: #BREAKING: Fox Television has announced it will purchase 7 stations from Sinclair once Tribune deal goes through; 06/04/2018 – Gaian Solutions, ONE Media 3.0, and Sinclair Broadcast Group Announce MOU to Lead Development and Implementation of Next Gen Broadcast Platform; 03/04/2018 – Dr. David Sinclair Joins Zymo Research Corp.’s Scientific Advisory Board; 09/05/2018 – Tribune/Sinclair divest package gets DoJ nod, sources say [19:31 BST09 May 2018] [Proprietary] []; 04/04/2018 – SINCLAIR BROADCAST CHAIRMAN DEFENDS ANCHORS’ SEGMENTS: NYT; 24/04/2018 – Tribune/Sinclair divestitures near conclusion; 09/05/2018 – MediaConfidntial: Report: Sean Compton Talking With Sinclair And Fox; 09/05/2018 – TWENTY-FIRST CENTURY FOX – SINCLAIR ALSO HAS OPTIONS TO ACQUIRE FOX-AFFILIATE KTBC IN AUSTIN FOR POTENTIAL PROCEEDS OF ABOUT $160 MLN

Ensemble Capital Management Llc decreased its stake in Landstar Sys Inc (LSTR) by 5.38% based on its latest 2018Q1 regulatory filing with the SEC. Ensemble Capital Management Llc sold 15,062 shares as the company’s stock declined 0.04% with the market. The institutional investor held 265,044 shares of the transportation company at the end of 2018Q1, valued at $29.06 million, down from 280,106 at the end of the previous reported quarter. Ensemble Capital Management Llc who had been investing in Landstar Sys Inc for a number of months, seems to be less bullish one the $4.78 billion market cap company. The stock decreased 1.13% or $1.3 during the last trading session, reaching $113.7. About 286,653 shares traded. Landstar System, Inc. (NASDAQ:LSTR) has risen 36.03% since June 14, 2017 and is uptrending. It has outperformed by 23.46% the S&P500. Some Historical LSTR News: 03/04/2018 – Landstar System Had Seen 1Q EPS $1.22 to $1.27; 03/04/2018 – Landstar System Had Seen 1Q Revenue $925 Million to $975 Million; 03/04/2018 – Landstar Raises Profit And Sales Outlook Given Continued Strength In Truckload Volume And Pricing — MarketWatch; 10/05/2018 – LANDSTAR SYSTEM INC LSTR.O : BAIRD RAISES TARGET PRICE TO $114 FROM $110; 25/04/2018 – Landstar 1Q Net $57.5M; 25/04/2018 – LANDSTAR SEES 2Q EPS $1.48 TO $1.54, EST. $1.43; 03/04/2018 – Landstar System Raises 1Q View To EPS $1.35-EPS $1.40; 25/04/2018 – LANDSTAR 1Q EPS $1.37, EST. $1.35; 20/03/2018 Report: Developing Opportunities within Super Micro Computer, Post, Reata Pharmaceuticals, Landstar System, Central Garden & Pe; 02/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within RCI Hospitality, Landstar System, Titan International, Key

Since June 11, 2018, it had 0 insider buys, and 1 insider sale for $209,495 activity.

Among 19 analysts covering Landstar System (NASDAQ:LSTR), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Landstar System had 71 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Buy” rating by Susquehanna given on Monday, April 16. The firm earned “Outperform” rating on Monday, October 26 by Oppenheimer. Cowen & Co maintained the shares of LSTR in report on Friday, February 3 with “Market Perform” rating. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Underweight” rating by Morgan Stanley on Friday, April 6. The rating was maintained by William Blair with “Buy” on Friday, September 4. The firm earned “Neutral” rating on Wednesday, April 4 by Buckingham Research. Cowen & Co downgraded Landstar System, Inc. (NASDAQ:LSTR) rating on Friday, April 1. Cowen & Co has “Market Perform” rating and $63 target. As per Tuesday, December 20, the company rating was initiated by Susquehanna. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, December 16 report. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Neutral” rating given on Wednesday, March 30 by Credit Suisse.

Analysts await Landstar System, Inc. (NASDAQ:LSTR) to report earnings on July, 25. They expect $1.51 earnings per share, up 69.66% or $0.62 from last year’s $0.89 per share. LSTR’s profit will be $63.52 million for 18.82 P/E if the $1.51 EPS becomes a reality. After $1.37 actual earnings per share reported by Landstar System, Inc. for the previous quarter, Wall Street now forecasts 10.22% EPS growth.

Another recent and important Landstar System, Inc. (NASDAQ:LSTR) news was published by Investorplace.com which published an article titled: “7 A-Rated Stocks to Buy for the Second Half of 2018” on June 08, 2018.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.14, from 1 in 2017Q4. It worsened, as 23 investors sold LSTR shares while 116 reduced holdings. 40 funds opened positions while 79 raised stakes. 39.26 million shares or 2.19% less from 40.14 million shares in 2017Q4 were reported. Acadian Asset Mngmt Limited Liability Com accumulated 65,191 shares. Bnp Paribas Arbitrage Sa accumulated 2,602 shares or 0% of the stock. Sg Americas Secs Ltd holds 0.01% in Landstar System, Inc. (NASDAQ:LSTR) or 7,839 shares. Sei Investments Com owns 0.03% invested in Landstar System, Inc. (NASDAQ:LSTR) for 67,531 shares. 131,494 are owned by Public Employees Retirement Sys Of Ohio. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems invested in 0.02% or 11,322 shares. Principal Fincl Gru invested in 0.02% or 185,405 shares. Chicago Equity Prns Ltd Com invested 0.21% in Landstar System, Inc. (NASDAQ:LSTR). 9,729 are held by Lpl Finance Ltd Com. Voloridge Invest Mngmt Ltd Limited Liability Company holds 0.01% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 3,846 shares. 531,453 were reported by Millennium Mngmt Ltd. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Landstar System, Inc. (NASDAQ:LSTR). Btim Corp reported 195,438 shares. 165 are owned by San Francisco Sentry Invest Grp (Ca). Utah Retirement, a Utah-based fund reported 7,752 shares.

Ensemble Capital Management Llc, which manages about $381.11 million and $534.48 million US Long portfolio, upped its stake in Prestige Brands Hldgs Inc (NYSE:PBH) by 240,752 shares to 753,447 shares, valued at $25.41M in 2018Q1, according to the filing. It also increased its holding in First Rep Bk San Francisco C (NYSE:FRC) by 27,775 shares in the quarter, for a total of 348,626 shares, and has risen its stake in Paychex Inc (NASDAQ:PAYX).

Among 8 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sinclair Broadcast Group Inc had 24 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, November 10 with “Outperform”. On Tuesday, August 1 the stock rating was maintained by Benchmark with “Buy”. The company was upgraded on Thursday, November 3 by Stephens. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3. Benchmark maintained it with “Buy” rating and $40 target in Thursday, November 5 report. The firm has “Buy” rating by B. Riley & Co given on Thursday, March 1. As per Tuesday, January 16, the company rating was maintained by Stephens. As per Wednesday, February 28, the company rating was maintained by FBR Capital. Wedbush maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) rating on Friday, January 29. Wedbush has “Outperform” rating and $39 target. As per Thursday, February 23, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 0.67 in Q1 2018. Its down 0.30, from 0.97 in 2017Q4. It dropped, as 36 investors sold SBGI shares while 78 reduced holdings. 32 funds opened positions while 44 raised stakes. 82.13 million shares or 3.12% less from 84.77 million shares in 2017Q4 were reported. Ameriprise Fincl reported 20,987 shares stake. Moreover, Gotham Asset Management Limited Com has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Renaissance Llc reported 0% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Moreover, American has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Tiaa Cref Limited Liability Com, a New York-based fund reported 280,407 shares. New Jersey-based Financial Architects has invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). California State Teachers Retirement reported 78,731 shares. Teacher Retirement Systems Of Texas has 0% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Adams Diversified Equity Fund Incorporated reported 0.03% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Cornerstone reported 0.01% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Brinker Incorporated stated it has 0.02% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Moreover, Weber Alan W has 1.58% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Cambridge Research Advsrs Incorporated has 9,524 shares. Invesco Ltd invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Lpl Lc holds 0.01% or 73,253 shares in its portfolio.

More notable recent Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) news were published by: Prnewswire.com which released: “Sinclair Promotes Steven Flint to general manager in Tri-Cities, TN/VA” on June 12, 2018, also Seekingalpha.com with their article: “Aftermarket trade ripples run wide from AT&T/Time Warner decision” published on June 12, 2018, Bizjournals.com published: “Protestors rally against Sinclair Broadcast as company holds annual meeting” on June 07, 2018. More interesting news about Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) were released by: Globenewswire.com and their article: “Detailed Research: Economic Perspectives on Quorum Health, IMAX, Turquoise Hill Resources, Crawford, Stepan, and …” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Sinclair Broadcast names two technical executives” with publication date: June 11, 2018.

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