5 Cheapest Stocks With Biggest Upside

2. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)

Number of Hedge Fund Holders: 21 

Share Price as of December 18: $15.88   

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) operates as a media company in the United States. On November 14, Sinclair Broadcast Group unveiled that it has entered into an MoU with Hyundai Mobis, one of the world’s largest automotive parts and services companies, to collaborate on the development and implementation of ATSC 3.0-enabled automotive business models in Korea and the United States. 

At the end of the third quarter of 2022, 21 hedge funds in the database of Insider Monkey held stakes worth $221 million in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), compared to 18 in the preceding quarter worth $307.9 million.