20,500 Shares in Scripps Networks Interactive, Inc (SNI) Purchased by Pensionfund Sabic

Pensionfund Sabic bought a new stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,500 shares of the company’s stock, valued at approximately $1,761,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SNI. UBS Asset Management Americas Inc. increased its stake in shares of Scripps Networks Interactive by 8.1% during the first quarter. UBS Asset Management Americas Inc. now owns 241,402 shares of the company’s stock valued at $18,919,000 after purchasing an additional 18,099 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Scripps Networks Interactive by 10.0% during the first quarter. Victory Capital Management Inc. now owns 16,539 shares of the company’s stock valued at $1,296,000 after acquiring an additional 1,501 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Scripps Networks Interactive by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 24,871 shares of the company’s stock valued at $1,949,000 after acquiring an additional 584 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Scripps Networks Interactive by 86.6% during the first quarter. Teachers Advisors LLC now owns 185,011 shares of the company’s stock valued at $14,499,000 after acquiring an additional 85,844 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of Scripps Networks Interactive by 78.5% during the first quarter. Banque Pictet & Cie SA now owns 85,498 shares of the company’s stock valued at $6,700,000 after acquiring an additional 37,590 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts recently weighed in on SNI shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $83.00 price target on shares of Scripps Networks Interactive in a research report on Monday, July 10th. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a research report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price target for the company. MKM Partners reissued a “neutral” rating and set a $73.00 price target (down previously from $84.00) on shares of Scripps Networks Interactive in a research report on Friday, July 21st. Finally, Gabelli reissued a “buy” rating on shares of Scripps Networks Interactive in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.21.

Shares of Scripps Networks Interactive, Inc (SNI) traded up 0.42% during midday trading on Wednesday, reaching $83.59. 437,204 shares of the company traded hands. The company has a market capitalization of $10.85 billion, a PE ratio of 17.25 and a beta of 1.47. Scripps Networks Interactive, Inc has a 1-year low of $60.90 and a 1-year high of $88.45. The company has a 50 day moving average price of $85.60 and a 200 day moving average price of $77.05.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 in the company, valued at approximately $830,608.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Scripps Networks Interactive Company Profile

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.

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

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