Western Gas Equity Partners, LP (WGP) Forms $36.24 Double Bottom; Apollo Management Holdings LP Lowered Sinclair Broadcast Group (Call) (SBGI) Holding

Apollo Management Holdings Lp decreased Sinclair Broadcast Group Inc (Call) (SBGI) stake by 44.85% reported in 2017Q3 SEC filing. Apollo Management Holdings Lp sold 450,000 shares as Sinclair Broadcast Group Inc (Call) (SBGI)’s stock declined 9.32%. The Apollo Management Holdings Lp holds 553,300 shares with $17.73 million value, down from 1.00 million last quarter. Sinclair Broadcast Group Inc (Call) now has $3.43 billion valuation. The stock decreased 1.03% or $0.35 during the last trading session, reaching $33.7. About 49,178 shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since March 6, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Western Gas Equity Partners, LP (WGP) formed double bottom with $33.34 target or 8.00% below today’s $36.24 share price. Western Gas Equity Partners, LP (WGP) has $7.93 billion valuation. The stock increased 0.79% or $0.28 during the last trading session, reaching $36.24. About 2,181 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has risen 3.31% since March 6, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Apollo Management Holdings Lp increased Tenet Healthcare Corp (Call) (NYSE:THC) stake by 175,000 shares to 300,000 valued at $4.93 million in 2017Q3. It also upped Advanced Emissions Soluts In (ADES) stake by 102,692 shares and now owns 736,080 shares. Istar Inc (NYSE:STAR) was raised too.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.35, from 1.58 in 2017Q2. It is negative, 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. 26,685 are owned by Northern Mngmt Lc. Gamco Invsts Et Al holds 0.05% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 238,750 shares. Bank & Trust Of America Corp De holds 0% or 449,019 shares. 9,988 are held by Great West Life Assurance Can. 81,000 are owned by Robertson Opportunity Ltd Limited Liability Company. Colony Gp Ltd holds 57,190 shares or 0.13% of its portfolio. Goodnow Inv Ltd Limited Liability Company owns 7.91% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 1.20M shares. Bluefin Trading Limited Liability Co holds 79,787 shares or 0.3% of its portfolio. California-based Schwab Charles Inv Management Incorporated has invested 0.03% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Paradigm Asset Mgmt Co Ltd Llc holds 700 shares. Aperio Gp Ltd Limited Liability Company reported 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Guggenheim Llc has invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Employees Retirement Systems Of Ohio, Ohio-based fund reported 95,095 shares. Omega Advsr Inc stated it has 1.77% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Stratos Wealth Ptnrs reported 0.02% stake.

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. As per Thursday, February 23, the company rating was maintained by Wedbush. Stephens maintained Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) rating on Friday, June 2. Stephens has “Buy” rating and $4600 target. The firm earned “Buy” rating on Friday, October 20 by Deutsche Bank. The firm has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. The firm has “Buy” rating by FBR Capital given on Wednesday, February 28. RBC Capital Markets maintained the shares of SBGI in report on Tuesday, September 26 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, July 5. The rating was maintained by Benchmark with “Buy” on Thursday, November 5. The company was maintained on Tuesday, January 16 by Stephens. Stephens initiated the shares of SBGI in report on Wednesday, November 18 with “Equal-Weight” rating.

Among 19 analysts covering Western Gas Equity Partners (NYSE:WGP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Western Gas Equity Partners has $70 highest and $27 lowest target. $45.07’s average target is 24.37% above currents $36.24 stock price. Western Gas Equity Partners had 34 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Hold” rating by Wunderlich on Wednesday, January 20. RBC Capital Markets maintained Western Gas Equity Partners, LP (NYSE:WGP) on Sunday, October 29 with “Buy” rating. On Tuesday, October 13 the stock rating was upgraded by Credit Suisse to “Outperform”. Scotia Capital maintained Western Gas Equity Partners, LP (NYSE:WGP) on Monday, January 29 with “Buy” rating. The firm earned “Equal-Weight” rating on Monday, October 10 by . RBC Capital Markets maintained Western Gas Equity Partners, LP (NYSE:WGP) rating on Sunday, August 20. RBC Capital Markets has “Buy” rating and $53.0 target. The company was maintained on Monday, November 2 by Barclays Capital. Goldman Sachs downgraded the shares of WGP in report on Friday, March 11 to “Neutral” rating. On Monday, February 27 the stock rating was upgraded by Bank of America to “Neutral”. As per Thursday, March 17, the company rating was downgraded by Credit Suisse.

Analysts await Western Gas Equity Partners, LP (NYSE:WGP) to report earnings on May, 1. They expect $0.45 earnings per share, up 28.57% or $0.10 from last year’s $0.35 per share. WGP’s profit will be $98.51M for 20.13 P/E if the $0.45 EPS becomes a reality. After $0.45 actual earnings per share reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.11, from 1.12 in 2017Q2. It improved, as 10 investors sold Western Gas Equity Partners, LP shares while 30 reduced holdings. 13 funds opened positions while 36 raised stakes. 39.37 million shares or 2.95% more from 38.24 million shares in 2017Q2 were reported. Us Bank De owns 1,416 shares. Renaissance Technologies Ltd Liability has 34,152 shares. Enterprise Financial holds 0% or 159 shares in its portfolio. Blackrock holds 0% or 15,800 shares in its portfolio. Saratoga And Inv Mgmt invested in 0.09% or 3,540 shares. Gsa Cap Ptnrs Llp has invested 0.04% in Western Gas Equity Partners, LP (NYSE:WGP). Salient Capital Advsrs Lc stated it has 3.78 million shares or 3.44% of all its holdings. Lucas Mngmt stated it has 54,304 shares or 2% of all its holdings. Ing Groep Nv invested in 230,000 shares or 0.18% of the stock. 13,552 are owned by Oppenheimer Asset Management. Advisory Rech holds 0.87% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP) for 1.33M shares. Cadence Cap Mgmt Lc reported 0.07% stake. Credit Suisse Ag reported 304,179 shares. 10,380 are held by Linscomb Williams. Botty Llc has invested 0.01% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP).