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.
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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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