Sinclair Broadcast Group Inc. (SBGI): Today's Featured Media Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Sinclair Broadcast Group ( SBGI) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Sinclair Broadcast Group fell $0.59 (-2.2%) to $25.99 on heavy volume. Throughout the day, 5,358,112 shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 1,472,500 shares. The stock ranged in price between $24.90-$27.20 after having opened the day at $26.27 as compared to the previous trading day's close of $26.58. Other companies within the Media industry that declined today were: Dex Media ( DXM), down 8.1%, AMC Networks ( AMCX), down 6.0%, YOU On Demand Holdings ( YOD), down 5.7% and ReachLocal ( RLOC), down 5.6%.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. Sinclair Broadcast Group has a market cap of $2.0 billion and is part of the services sector. Shares are up 110.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Sinclair Broadcast Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sinclair Broadcast Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Liberty Media Corporation Class A ( LMCA), up 31.6%, Rentrak Corporation ( RENT), up 15.2%, Tiger Media ( IDI), up 14.3% and Inuvo ( INUV), up 10.6% , were all gainers within the media industry with Twenty-First Century Fox ( FOX) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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