Meeder Asset Management Inc. Has $1.88 Million Holdings in Scripps Networks Interactive, Inc. (SNI)

Meeder Asset Management Inc. lifted its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,069 shares of the company’s stock after acquiring an additional 4,118 shares during the period. Meeder Asset Management Inc.’s holdings in Scripps Networks Interactive were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SNI. Profund Advisors LLC raised its holdings in shares of Scripps Networks Interactive by 26.9% in the 2nd quarter. Profund Advisors LLC now owns 3,498 shares of the company’s stock valued at $239,000 after buying an additional 742 shares during the period. Nordea Investment Management AB boosted its position in shares of Scripps Networks Interactive by 3.4% in the 2nd quarter. Nordea Investment Management AB now owns 3,718 shares of the company’s stock valued at $254,000 after purchasing an additional 122 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Scripps Networks Interactive by 26.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 610,288 shares of the company’s stock valued at $41,690,000 after purchasing an additional 129,039 shares during the period. QS Investors LLC boosted its position in shares of Scripps Networks Interactive by 18.4% in the 2nd quarter. QS Investors LLC now owns 6,447 shares of the company’s stock valued at $440,000 after purchasing an additional 1,001 shares during the period. Finally, Employees Retirement System of Texas boosted its position in shares of Scripps Networks Interactive by 100.0% in the 2nd quarter. Employees Retirement System of Texas now owns 14,000 shares of the company’s stock valued at $956,000 after purchasing an additional 7,000 shares during the period. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

SNI has been the subject of a number of analyst reports. Zacks Investment Research downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BidaskClub upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Royal Bank of Canada set a $90.00 target price on Scripps Networks Interactive and gave the company a “hold” rating in a report on Friday, October 20th. Finally, Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fifteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average target price of $86.57.

Shares of Scripps Networks Interactive, Inc. (SNI) traded up $0.21 during trading hours on Wednesday, reaching $87.50. The company had a trading volume of 329,500 shares, compared to its average volume of 918,193. The company has a market capitalization of $11,340.28, a PE ratio of 18.71, a price-to-earnings-growth ratio of 3.10 and a beta of 1.40. Scripps Networks Interactive, Inc. 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 business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the transaction, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/14/meeder-asset-management-inc-boosts-stake-in-scripps-networks-interactive-inc-sni.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.

Institutional Ownership by Quarter 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