David Bochenek Buys Shares of SBGI
David Bochenek, SVP/Chief Accounting Officer, purchased 8,617 shares of SBGI.
Key Points
- David Bochenek, SVP/Chief Accounting Officer, purchased 8,617 shares of SBGI on June 24, 2026.
- Shares of SBGI traded near $13.80 on Saturday, with significant institutional activity in recent months.
- Analysts like Guggenheim and Wells Fargo maintained their ratings, with price targets ranging from $14 to $30.
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David Bochenek, the Senior Vice President and Chief Accounting Officer at SBGI, recently purchased 8,617 shares of the company. The transaction took place on June 24, 2026, marking a significant insider buy.
Other Institutional Activity in SBGI
GAMCO Investors, Inc. ET AL reduced its holdings by 206,167 shares, leaving it with 3,987,344 shares valued at about $51.6 million, a 4.9% decrease. BlackRock, Inc. also trimmed its position by 35,994 shares, holding 2,908,032 shares worth approximately $37.6 million, reflecting a 1.2% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, each acquiring over 1.6 million shares valued at around $24.6 million and $21.9 million, respectively. Dimensional Fund Advisors LP increased its stake by 113,788 shares, now holding 1,622,794 shares valued at about $21 million, a 7.5% increase.
Insider Buying and Selling at Sinclair, Inc.
In addition to David Bochenek's purchase, several other insider buys occurred earlier in the month. On June 4, 2026, Benjamin Carson Sr., Daniel Keith, Robert Smith, Howard Friedman, and Benson Legg each bought 17,095 shares. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On May 5, 2026, Guggenheim maintained its 'buy' rating on SBGI with a price target of $19. Wells Fargo kept its 'hold' rating with a $16 target on May 1, 2026. Earlier, on April 1, 2026, JP Morgan sustained a 'sell' rating with a $14 price target. The consensus among analysts is mixed, with targets ranging from $14 to $30.
Bottom Line
David Bochenek's recent purchase of SBGI shares highlights ongoing insider interest in the company. Institutional investors have shown varied activity, with some reducing and others opening new positions. Analysts have maintained a range of ratings and price targets, reflecting diverse views on SBGI's future prospects. As always, insider purchases and 13F filings provide a historical snapshot and may not indicate current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.