Scripps Networks Interactive (NASDAQ:SNI) Rating Increased to Hold at BidaskClub

Scripps Networks Interactive (NASDAQ:SNI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday, February 5th.

SNI has been the topic of several other research reports. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Royal Bank of Canada set a $90.00 price objective on Scripps Networks Interactive and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Cowen reissued a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, February 5th. Fifteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Scripps Networks Interactive has an average rating of “Hold” and a consensus price target of $86.57.

Scripps Networks Interactive (NASDAQ SNI) traded up $0.68 on Monday, hitting $87.29. The stock had a trading volume of 682,484 shares, compared to its average volume of 965,386. The company has a market capitalization of $11,251.94, a PE ratio of 18.69, a price-to-earnings-growth ratio of 3.08 and a beta of 1.40. Scripps Networks Interactive has a 1 year low of $64.87 and a 1 year high of $88.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.

In other news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares in the company, valued at approximately $1,090,247.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC raised its stake in Scripps Networks Interactive by 2.0% in the 2nd quarter. Sentry Investment Management LLC now owns 5,618 shares of the company’s stock worth $384,000 after acquiring an additional 111 shares during the last quarter. Nordea Investment Management AB raised its stake in Scripps Networks Interactive by 3.4% in the 2nd quarter. Nordea Investment Management AB now owns 3,718 shares of the company’s stock worth $254,000 after acquiring an additional 122 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Scripps Networks Interactive by 4.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock worth $222,000 after acquiring an additional 130 shares during the last quarter. First Republic Investment Management Inc. grew its position in Scripps Networks Interactive by 22.0% during the 4th quarter. First Republic Investment Management Inc. now owns 3,411 shares of the company’s stock worth $291,000 after purchasing an additional 615 shares during the period. Finally, Nationwide Fund Advisors grew its position in Scripps Networks Interactive by 2.4% during the 3rd quarter. Nationwide Fund Advisors now owns 27,142 shares of the company’s stock worth $2,331,000 after purchasing an additional 634 shares during the period. Institutional investors own 61.65% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/13/scripps-networks-interactive-sni-upgraded-by-bidaskclub-to-hold.html.

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply