Scripps Networks Interactive, Inc (SNI) Rating Reiterated by Gabelli

Scripps Networks Interactive, Inc (NASDAQ:SNI)‘s stock had its “buy” rating reiterated by equities researchers at Gabelli in a report released on Thursday, July 27th.

SNI has been the subject of a number of other reports. MKM Partners reissued a “neutral” rating and issued a $73.00 price target (down from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. J P Morgan Chase & Co raised shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price objective for the company in a research note on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $87.00 price objective on shares of Scripps Networks Interactive in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $83.50.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up 0.14% during trading on Thursday, reaching $86.27. 795,605 shares of the company traded hands. Scripps Networks Interactive has a 52 week low of $59.32 and a 52 week high of $88.45. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.80 and a beta of 1.49. The firm’s 50 day moving average price is $77.64 and its 200-day moving average price is $74.82.

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In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward W. Scripps sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.96, for a total value of $20,088,000.00. Following the transaction, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intrust Bank NA raised its position in shares of Scripps Networks Interactive by 0.4% in the first quarter. Intrust Bank NA now owns 6,864 shares of the company’s stock worth $538,000 after buying an additional 29 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the last quarter. Sawtooth Solutions LLC increased its stake in Scripps Networks Interactive by 1.1% in the first quarter. Sawtooth Solutions LLC now owns 3,104 shares of the company’s stock worth $243,000 after buying an additional 35 shares during the last quarter. CIBC Asset Management Inc increased its stake in Scripps Networks Interactive by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,484 shares of the company’s stock worth $853,000 after buying an additional 35 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Scripps Networks Interactive by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock worth $487,000 after buying an additional 39 shares during the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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