Scripps Networks Interactive, Inc (NASDAQ:SNI) Shares Sold by Janus Capital Management LLC

Janus Capital Management LLC reduced its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 81.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 82,610 shares of the company’s stock after selling 366,761 shares during the period. Janus Capital Management LLC owned about 0.06% of Scripps Networks Interactive worth $6,474,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Scripps Networks Interactive by 93.9% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock worth $3,207,000 after buying an additional 19,812 shares in the last quarter. Soros Fund Management LLC bought a new stake in Scripps Networks Interactive during the first quarter valued at approximately $4,945,000. BlackRock Inc. raised its stake in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after buying an additional 6,979,918 shares during the period. Boston Partners raised its stake in Scripps Networks Interactive by 0.5% in the first quarter. Boston Partners now owns 1,006,542 shares of the company’s stock valued at $78,883,000 after buying an additional 4,895 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in Scripps Networks Interactive by 21.2% in the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock valued at $4,272,000 after buying an additional 9,529 shares during the period. 70.48% of the stock is currently owned by hedge funds and other institutional investors.

Scripps Networks Interactive, Inc (SNI) traded up 0.16% during mid-day trading on Tuesday, reaching $87.80. 4,040,623 shares of the company were exchanged. The company has a 50 day moving average of $73.67 and a 200-day moving average of $74.23. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 19.62 and a beta of 1.49.

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Several equities research analysts have recently commented on SNI shares. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co restated an “overweight” rating and issued a $83.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, July 10th. Wells Fargo & Company began coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They issued a “market perform” rating and a $82.00 target price for the company. Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.47.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the completion of the sale, the insider now owns 232,071 shares in the company, valued at $15,539,474.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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