Pensionfund Sabic Purchases New Holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI)

Pensionfund Sabic bought a new position in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,500 shares of the company’s stock, valued at approximately $1,761,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings 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. Alliancebernstein L.P. raised its holdings in Scripps Networks Interactive by 1,107.7% in the second quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after buying an additional 1,911,635 shares during the period. Renaissance Technologies LLC raised its holdings in Scripps Networks Interactive by 312.1% in the second quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock valued at $88,345,000 after buying an additional 979,500 shares during the period. JPMorgan Chase & Co. raised its holdings in Scripps Networks Interactive by 319.1% in the second quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock valued at $83,614,000 after buying an additional 931,958 shares during the period. Finally, FMR LLC raised its holdings in Scripps Networks Interactive by 24.6% in the second quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after buying an additional 665,805 shares during the period. 74.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) traded down 0.29% during mid-day trading on Friday, hitting $83.39. 219,369 shares of the company were exchanged. Scripps Networks Interactive, Inc has a 12-month low of $62.73 and a 12-month high of $88.45. The stock’s 50-day moving average price is $85.18 and its 200 day moving average price is $77.39. The stock has a market cap of $10.83 billion, a PE ratio of 17.21 and a beta of 1.47.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

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Several research firms recently commented on SNI. UBS AG restated a “neutral” rating and issued a $90.00 price target (up previously from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $61.00 to $87.00 in a research note on Monday, July 31st. Finally, Needham & Company LLC lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.21.

Scripps Networks Interactive 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.

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

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